Get Ready For New Wage Rules
In March 2014, President Obama issued a Presidential Memorandum directing the Department of Labor to update the minimum wage and overtime standards. This isn’t exactly Scandal material, but is something that has the potential to affect nearly five million white collar workers, many in nonprofit organizations, especially arts organizations. As the regulations stand right now, workers must earn $23,660 per year or more to be considered exempt, meaning that once they work more than 40 hours in ...
Let Them Play FUN Board Games
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Recently what has been the perceived role of a board of directors has shifted from fundraising to governance and fiscal responsibility. I say perceived because legally governance and fiscal responsibility have always been the role assigned to boards of directors. That sort of serious sounding focus really provides a disincentive to serving on a non-profit board. Think about how much more fun serving a non-profit would be if the focus was on playing board games! ...
Your Small Non-Profit Needs D&O Insurance Too
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Do I Really Need Directors and Officers Insurance? You may hear about Directors and Officers Insurance (D&O) and think only really large non-profits that deal with hundreds of millions of dollars in transactions a year, engage in complex business dealing or are exposed to risk, (like hospitals), require that type of insurance. According to Nonprofits Insurance Alliance Group which primary covers small to medium sized non-profits, the vast majority of legal actions brought against non-profits ...
Thank you for the authoritative read on this issue. To me, being able to actually see the icon in the…