New York Council of Nonprofits published this updated edition with the support of Council Services Plus and the Dyson Foundation. This booklet, available to download for free here, is a practical guide for the average nonprofit seeking a reasonable understanding of what accountability standards are, who is promoting them, what related state laws say, and how to think about the choices presented. NYCON has selected eight of the most basic issues involving governance structure and practice, i.e. board size, board compensation, conflict of interest policies, board member independence, term limits, frequency of meetings, audit requirements and the creation of audit committees. The booklet outlines each issue, compares and discusses the standards set by laws or regulations and five different standards setting bodies - the Better Business Bureau Wise Giving Alliance, the Standards for Excellence Institute, the Panel on the Nonprofit Sector, the Evangelical Council for Financial Accountability and the Minnesota Council of Nonprofits.
In this 2nd Edition, NYCON has also added a section on Standards of Financial Accountability. This section explores guidelines for percentage of expenditures on program and fundraising activities along with the level of net assets relative to annual spending. Download your copy now.
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