The law does not specify a required minimum or maximum number of directors for a nonprofit organization.
The Board of Directors is responsible for overseeing and managing the nonprofit’s overall governance and strategic direction, including key aspects of its daily operations.
A quorum is the minimum number of members or directors who must be present at a meeting to make the proceedings of that meeting valid and legally binding. Without a quorum, the group typically cannot conduct official business or make decisions.
The Vice President is an officer of the nonprofit organization’s Board of Directors.
They serve as the second-in-command after the President and assist in leading the board and the organization.
The Treasurer is an officer of the nonprofit organization’s Board of Directors responsible for overseeing the organization’s financial affairs.
They play a crucial role in ensuring the organization’s financial health, transparency, and compliance.
The Secretary is an officer responsible for maintaining the official records of the organization and ensuring effective communication within the Board.
Members are individuals or entities that have been granted membership status within a nonprofit organization according to its bylaws.
A fiscal year is a 12-month period that an organization uses for accounting and financial reporting purposes. It is the timeframe over which the organization budgets, tracks income and expenses, prepares financial statements, and files taxes.
Those bylaws for non-profit organization could be signed by either president or secretary.
In rare cases the document could be signed by another person – e.g., incorporator, organization’s attorney etc.