Board Member
Thinking About Joining a Nonprofit Board? 5 Things to Consider
Joining a nonprofit board can be an exciting opportunity to contribute to a cause you care about. However before saying yes, it’s important to consider what board service involves – both in terms of your time and financial commitment. At Lumix CPAs and Advisors we help nonprofits navigate financial challenges and achieve long term sustainability.…
Read MoreSigns That Your Organization May Be Need Outsourced HR Services
Have you ever sat at a board meeting with a feeling that the Executive Director may be exhibiting unstable behavior or may be running the organization into operational or financial instability?
Read MoreQuestions To Ask About Budgets For Non Profit Accounting
Being at a board meeting while a budget is being discussed can be a very intimidating experience. But having a discussion around the questions above can help you understand better the process.
Read MoreBoard Member Perspective – Questions to Ask When Reviewing an Audit
You are presented with the financial statements prepared by auditors. Do you know what questions to ask? What will the auditors tell you only if you ask? The process of auditing the financial statements of an organization is quite invasive not only on the transactions and balances that make up the financial statements, but also…
Read MoreBoard Member Perspective – Financial Information to Review
If you belong to more than one nonprofit board you may have noticed that each one may present a somewhat different set of financial information at board meetings. Do you know what is the appropriate information to present and examine? In order to comply with your fiduciary duty, you should be presented with complete, accurate,…
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