Thursday, January 7, 2010

The Impact of Form 990

With substantial changes to Form 990, the IRS is taking a strong position related to good board governance and want to know what policies are in place as well as the processes for reviewing these policies. Good governance includes an engaged, informed, and independent board; defined policies and practices; and transparency.

The impact that the increased transparency will have on nonprofit organizations has been severely underestimated. It is not sufficient for nonprofit staff and board members simply to be made aware of these changes. They must also be alert to the changes' strategic implications and have tools to manage them successfully. The key to strategic use of the new reporting requirements lies in nonprofit organizations' governance practices.

Bremer and the Center for Nonprofit Excellence & Social Innovation (CNESI) have teamed up to provide a series of Board Governance training sessions in 2010 with the first session scheduled for January 14th (11:30-12:30 pm. or 5– 6 p.m.) located at the Bremer Bank, downtown St. Cloud location. With registration of at least four sessions, your organization is eligible for up to three hours complimentary consulting from CNESI. For more information or a brochure, contact Kathy Grochow at

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