nesae eNews

By Sherri L. Oken, CAE
Appeared in the “Wednesday Report” of massnonprofit.org

Nonprofits, regardless of size or sector, understand that a well-articulated strategy will help them
achieve their mission, but may not always fully appreciate that creating a strategic board is critical
to success. The following primer will provide guidance in creating a strategic board.

Strategic Board Characteristics

It is a body that takes the long rather than the short view. It creates a vision for an organization
and the means to fulfill that vision in concert with its mission and purpose. It insures that the
necessary resources are available to implement the strategies essential to achieving organizational
goals. It monitors progress and assesses success. It is focused on achievement and creating the
conditions for success. 

Visit http://www.naylornetwork.com/nese-nwl/pdf/A_Primer_for_Building_a_Strategic_Board_-_article.pdf to view the full article online.

By Bob Harris, CAE

Some associations are sitting on considerable reserves, a combination of savings and property. Ask why they have amassed the assets one might hear, “It is our rainy dayfund.”

The purpose of the savings is described with varied perspective: “The leaders before us saved the money and it is our job to protect it.” “We shouldn’t spend it in case we have a crisis.” Or, “We don’t give it much thought, it’s just there.”

An organization’s reserves are part of its strength. Leaving excessive funds untouched may not be the wisest decision. Strong reserves do build confidence and support sustainability.

Visit http://www.naylornetwork.com/nese-nwl/pdf/Managing_the_Rainy_Day_Fund.pdf to view the full article online.