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Holdings
🏛️ Free guides, tools & templates

The Nonprofit Board Center

Most board members never get trained for the job. This is the training. Plain-English guides to governance, money, and meetings — plus the templates and tools to run your board well.

Written for volunteer boards, treasurers, and the staff who support them. No signup required.

For treasurers & EDs

The Board Packet: present Holdings to your board

Found Holdings and need your board to say yes? We built the case for you: a one-page financial memo, a sample board-ready report pack, a ready-to-sign resolution, and an email template for your board chair.

  • One-page board memo — the financial case in plain numbers
  • Sample monthly report pack your board would receive
  • Bank-switch board resolution, ready to sign
  • Copy-paste email to send your board today
Get the board packet →

The financial case, in one row

Typical bank Holdings
Monthly feesVaries$0
Yield on balancesOften ~0%1.75% APY
FDIC coverage$250KUp to $3M
Fund accountingSeparate cost$25/mo, built in

Board basics, answered

What does a nonprofit board of directors do?

A nonprofit board sets the organization's mission and strategic direction, hires and evaluates the executive director, approves the budget, oversees finances and legal compliance, and ensures the organization has the resources it needs. Board members carry legal fiduciary duties of care, loyalty, and obedience. Full guide →

How many board members does a nonprofit need?

Most states require at least three directors for a nonprofit corporation, and the IRS looks for a board that is large and independent enough to provide real oversight. Many small nonprofits operate well with five to nine engaged members.

Are nonprofit board members paid?

The vast majority serve as unpaid volunteers. Organizations may reimburse reasonable expenses. Paying directors is legal in most states but uncommon, and any compensation must be reasonable and disclosed on Form 990.

What financial reports should a nonprofit board review?

At minimum: a Statement of Financial Position (balance sheet), a Statement of Activities with budget vs. actual comparison, and a cash position summary — monthly or at every regular meeting. Boards should also review the Form 990 before it is filed. How to read each statement →