Principles for Good Governance and Ethical Practice is a strong guide for private foundations and public charities that aspire to high standards of governance and ethical practice. Board and staff leaders of every charitable organization are encouraged to examine these principles carefully and determine how best they should be applied to their own operations. MNA has partnered with Indepent Sector in the dissemination of this important document. View the summary of these 33 Principles and Practices by clicking the link. 33-Principles-for-Good-Governance-and-Ethical-Practice.pdf To download the full supporting document, visit https://www.independentsector.org/principles_mna
Principles and Practices
Record retention is an important issue for nonprofit organizations. While a sound record retention policy is a good business practice for all kinds of entities for legal and efficiency reasons, it's of particular importance to a sector that depends on the goodwill that comes from transparency and the trust of the public. MNA-Links-Magazine-Document-Retention-article-summer-2015.pdf The information and retention schedule provided in this article comes directly from the Michigan Nonprofit Management Manual, a must-have desktop resource for nonprofit managers, http://www.mnaonline.org/managementmanual.aspx. This article was recently featured in LINKS, MNA's quarterly magazine publication. LINKS is only available to MNA members, so if you find this article useful consider joining MNA to receive this informative publication regularly.
Michigan nonprofits prove their value time and time again but it goes without saying that any organization whether it is a Fortune 500 corporation, foundation or nonprofit, is only as solid as the talent it is able to attract and retain. The environment for Michigan nonprofits requires that they create appropriate compensation packages if they want to stay competitive in the pool of employers who are looking for quality talent....
Cash flow management is the process an organization uses to forecast how much cash it will receive and disburse, as well as the timing of these receipts and disbursements. Using this information, the organization can plan for temporary excesses or shortages. View this sample cash flow projection directly from the Michigan Nonprofit Management Manual, a comprehensive hands-on guide for nonprofit organizations. MNA-Sample-Cash-Flow-Projection.pdf
Budgets are prepared at the beginning of the fiscal year by the treasurer, finance committee or staff. All expected sources, amounts of revenue and all anticipated expenses for the year are identified. View this sample annual operating budget directly from the Michigan Nonprofit Management Manual, a comprehensive hands-on guide for nonprofit organizations. MNA-Sample-Annual-Operating-Budget.pdf