Below is a listing of the current Board of Directors for Dani’s Foundation
Michele Ashby, Founder & President
Keith Ashby, Vice President
Laura Davis, Secretary/Treasurer
THE ROLE OF THE NON PROFIT BOARD OF DIRECTORS
A nonprofit or 501(c)3 organization is governed by a board of directors. In the nonprofit world, board members are volunteers who are not compensated for their services. It is important to choose a diverse group of people with a variety of contacts to help govern a nonprofit
According to BoardSource.org, a nonprofit’s board determines and defines the organization’s mission, identifying its purpose, goals and target audiences.
It is the board’s responsibility to hire a director or chief executive and evaluate his performance annually.
Board members are responsible for fund-raising efforts through personal contributions or making connections with local foundations and businesses. They also are responsible for creating the nonprofit’s budget and managing its assets.
Boards are responsible for strategic planning, including setting goals for long-term projects and capital campaigns.
A nonprofit board should help promote the organization in the community wherever possible, highlighting accomplishments, events, programs and fundraisers.
The Dani’s Foundation Board of Directors meets quarterly to discuss the overall operation of the Foundation and works with the Executive Director on the implementation of programs and events.
Traditionally, the role of the Executive Committee was to act on behalf of the board during the interim times between board meetings. Because of that important role, the committee was traditionally comprised of the board officers and committee chairs.
Charged with working closely with the Executive Director regarding the overall planning for the Foundation.
Charged with staff personnel reviews and making salary recommendation to the overall Board of Directors.
The Finance Committee reviews all financial statements and reports on financial activity to the full board. The full board may be better able to respond to aggregated information with important financial trends and issues highlighted in an accompanying narrative report. While each board member should have the opportunity to review organization-wide income and expense reports to understand the impact on the organization, members who are inexperienced at reading financial statements may get lost in overly detailed statements. To help the board fulfill its oversight function, it is important for the Executive Director and the Finance Committee to present the information in as clear and concise a manner as possible.
Here are the Finance Committee’s basic responsibilities:
1. Provide direction for the entire Board for fiscal responsibility.
2. Regularly review the organization’s revenues and expenditures, balance sheet, investments and other matters related to its continued solvency.
3. Approve the annual budget and submit it to the full Board for approval.
4. Ensure the maintenance of an appropriate capital structure.
5. Oversee the maintenance of organizational-wide assets, including prudent management of organizational investments.
Here are some specific tasks the Finance Committee might undertake:
1. Review revenues and expenses at a monthly Committee meeting.
2. Ensure that organizational funds are spent appropriately (i.e., restricted funds).
3. Develop an investment strategy.
4. Ensure the preparation of an annual audit, tax form (990), and audited Financial Statements.
5. Provide support to staff as needed.
A committee of about 5 or 6 knowledgeable people should be able to provide invaluable financial leadership to your Board
The nominating committee is responsible for
Identifying individuals qualified to become Board members, consistent with criteria approved by the Board, and recommending to the Board the director nominees for the next annual meeting of shareholders;
Identifying and recommending candidates to fill vacancies occurring between annual shareholders meetings; and
Recommending to the Board, on an annual basis, director nominees for each Board committee.
For information on how you may become involved with the governing body of Dani’s Foundation, contact Martha Simmons for details.