Compensating nonprofit board members

Assignment Help Accounting Basics
Reference no: EM1362652

The case study:

Often Board and other committee volunteers for nonprofit organizaations are compensated for expenses during travel and meetings. Some think that this attracts volunteers for the wrong reasons. Engage in a discussion regarding the pros and cons of compensating board members and whether this is common practice for non-profits.

The solution cites a reference supporting that compensation is not a common practice. The pros to offering paid expenses is to ensure Board members and volunteers are not personal "out" a vast amount of money in participating in the organization's business needs. However, stringent policies must exist to outline what items will be paid for "upfront" or reimbursed, so that there is no abuse.

Reference no: EM1362652


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