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Nonprofit business plans typically include a few common elements: Executive summary. Nonprofit description. Need analysis. Products, programs, and services descriptions. Operational plan. Marketing plan. Impact plan. Financial plan.
Examples of financial policies commonly used by nonprofits include a policy that describes how cash is handled; whether and how a board member or an employee's travel expenses will be reimbursed; and the board's role in reviewing the executive director's compensation.
Hold a board meeting to review key policies already in place at your nonprofit and discuss whether you should adopt or revise any of the following policies. Conflict of interest policy. ... Whistleblower protection policy. ... Document retention and destruction policy. ... Joint venture policy. ... Gift acceptance policy.
Your nonprofit business plan should start off with an articulation of the core values and your mission statement. Outline your vision, your guiding philosophy, and any other principles that provide the purpose behind the work.
Records should be retained for at least seven years from the date of filing the applicable return. The IRS requires that the Organization's last three filed Form 990s be maintained at its principal office.