Minimum Board Members and Recommendations
The state of California requires a minimum of one board member for each nonprofit organization. Three to twenty-five directors are recommended based on the organization’s size and purpose.
Opening a Nonprofit Bank Account
To open a nonprofit bank account, research requirements. Some banks require a board resolution, especially if there are several directors.
Nonprofit Board Responsibilities and Requirements
A nonprofit board works to maintain financial health. While not involved in operations, the board hires executives and provides guidance. The founders can be on the board but independent directors also ensure governance. The name must comply with regulations and be unique.
Legally, only one board member is required in California but the IRS typically wants three, including Chair, Secretary and Treasurer. Bylaws define meetings and decision making but nonprofits don’t have to file them with California. Every nonprofit needs an Employer Identification Number from the IRS.
After filing with California and the IRS, open a nonprofit bank account. Bring a resolution if the bank requires one. Boards have duties like financial management, hiring executives, and guidance. The founders can be on the board.