Does your non-profit remunerate its directors?
Remuneration is when a non-profit gives money to its directors for being a director (e.g. wages, honoraria).
Remuneration does not include gifts (i.e. small, irregular tokens of appreciation).
Remuneration is when a non-profit gives money to its directors for being a director (e.g. wages, honoraria).
Remuneration does not include gifts (i.e. small, irregular tokens of appreciation).
The best way to send AGM notices is the method that will be easy, flexible, and convenient.
For most non-profits, the best and most convenient method is email. However, your non-profit should give itself multiple options for more flexibility.
Here’s an example Register of Members organized by class.
Classes are groups of members that have different sets of rights. For example, some non-profits have voting and non-voting classes of members.
A Register of Members is an official record that must be created and maintained by a non-profit. The Register of Members lists the names of members and one piece of contact information the member has provided.
Accounting records is a broad category which includes details on individual financial transactions such as the date and amount of deposits or withdrawals, cheque numbers, bank account numbers, daily balances, etc. Normally it is called the general ledger.
Financial statements are a broad overview of a non-profit’s financial position, presented for member approval at each Annual General Meeting (AGM). Financial statements generally include four documents: income statement, balance sheet, cash flow record, and equity (retained earnings) statement.