At Tate & Tryon, a firm focusing exclusively on nonprofit finance, we encounter highly motivated board members, but sadly, many dedicated board members don’t fully understand their responsibilities, particularly when it comes to financial governance.

The Antonin Scalia Law School at George Mason University, in partnership with Heidrick & Struggles, has recently released an excellent report exploring how the role of association and nonprofit board members has evolved and what motivates board members to participate.

Here are a few points to focus on if you’re looking to better engage your board:

  • Many boards have yet to institute a formal onboarding process
  • The mission of an organization is the greatest motivation
  • Board service requires more time and effort than ever before

In addition to distinguishing board oversight from day-to-day management, onboarding should also cover a financial orientation focused on educating boards on key drivers of success. How else can a board truly serve its purpose? Getting behind the mission of the organization is the first step, but a structured orientation is a necessary second.

Don’t assume that new board members come with built-in knowledge of how to be an effective board member.   Help provide them with the training and education they need, so that they can help make the board more productive, effective and maximize their service for your organization.

Tate & Tryon can assist your organization with improving financial governance practices and enhancing board effectiveness.  Please contact us to learn more.

Click here to view the full report by Heidricks & Struggle and the Antonin Scalia Law School at George Mason University.



UBI Will Now Be Separately Computed for Each Business Activity! What We Know, and What We’re Waiting For

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By: Deborah G. Kosnett, CPA, Tax Principal, and Lisa W. Heller, CPA, Tax Senior Manager
Following is an article prepared by Tate & Tryon for the American Society of Association Executives, to help explain to their members the complexities of the new UBI “siloing” rule. We are still awaiting interpretative guidance from IRS; in the meantime, […]

Certain Employee Benefits Are Now UBI! What You Can Do About It

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By Lisa W. Heller, Tax Senior Manager
On December 22, 2017, H.R. 1 (also known as the Tax Cuts and Jobs Act) was signed into law. This new law provides sweeping changes affecting practically all taxpayers, including those in the nonprofit realm. One of the more drastic changes affecting nonprofits relates to the tax treatment of […]

New Excise Tax on Excess Compensation for Nonprofit Executives Courtesy of the 2017 Tax Act

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Exempt Organization Tax02/09/2018


By R. Michael Sorrells, CPA
The recently passed tax reform package added new Internal Revenue Code Section 4960 to the tax laws. This code section imposes an excise tax on organizations who pay certain executives compensation in excess of $1 million dollars annually.  The tax (which is paid by the organization, not the individual) is at […]

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