What is an Executive Committee?
This term usually refers to a smaller group of board members that has been delegated specific powers to act in certain circumstances on behalf of the full board.
Does an NPO really need a Treasurer?
In a volunteer-based organization, the treasurer may actually keep the books. In larger organizations, the responsibilities of the role change.
'Excess benefit transactions' and 990s
Nonprofits are required to report 'excess benefit transactions' on Form 990. Is that enough, or are there other things an organization might do?