- A nonprofit must comply with all legal and other required reporting procedures and should periodically review compliance, and report results to the Board of Directors. *ME/US
- A nonprofit has a financial obligation to use its resources responsibly for the purpose of serving the public interest. Financial audits should be approved by the organization’s board and certified by the executive director and the CFO of the organization.
- A nonprofit has a responsibility to establish, achieve and regularly measure clearly defined levels of performance in its activities and to share those results with the public.
TIP: publicize your nonprofit’s compliance with Guiding Principals and Practices of Nonprofit Excellence in Maine!
- A nonprofit has a responsibility to adhere to the nonprofit sector’s established, professional standards.
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