Board independence is crucial for maintaining strong governance in nonprofit organizations. The IRS outlines a four-part definition of independence that goes beyond just avoiding conflicts of interest. This article provides an overview of these criteria, what nonprofits must do to meet them, and how to avoid potential governance issues. It’s important to make a reasonable effort to gather the necessary information for Form 990 disclosures, and consider the best practices for your board to remain independent and transparent.

Is your nonprofit looking for ways to cut costs? Sharing office space can significantly reduce rent and utility expenses while offering additional benefits like shared equipment and services. This article covers the pros and cons of shared spaces, including the different types of arrangements available and potential pitfalls to avoid. Whether you’re looking to collaborate with another nonprofit or take advantage of donated space, careful planning can create a successful partnership. Read the full article to explore your options.

Adopting a formal code of ethics for your nonprofit can help prevent fraud, promote accountability, and reassure stakeholders. This article walks you through the process of creating a code of ethics, from identifying key values to ensuring board approval and staff training. Read on for tips to make your organization’s commitment to integrity clear and actionable.