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BoardSource is based in Washington, D.C., and has an annual budget in fiscal year 2013 of approximately $6 million.It maintains a staff of more than 40 employees. In addition, the organization has an affiliated pool of associates [5] who conduct consulting and training engagements around the country on behalf of the organization.
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
Surveys have indicated that about 20% of nonprofit foundations pay their board members, [57] and 2% of American nonprofit organizations do. [58] [59] 80% of nonprofit organizations require board members to personally contribute to the organization. [60] [61] As of 2007, this percentage had increased in recent years. [timeframe?] [62] [63] [64]
By 1970, CA had grown to 5,500 members, three five-member village boards with a $1.5 million budget and $5.75 million in debt. In 1982, the association created the Columbia Archives non-profit organization. The organization is managed by CA's Board of Directors with a mission to chronicle documents relating to Columbia and James Rouse. The ...
Founded in 2015 as a non-profit AI research organization, OpenAI added the for-profit OpenAI LP entity in 2019 as a subsidiary of its non-profit, securing capital from Microsoft to fund its research.
The board of directors has ultimate control over the organization, but typically an executive director is hired. In some cases, the board is elected by a membership, but commonly, the board of directors is self-perpetuating. In these 'board-only' organizations, board members nominate new members and vote on their fellow directors' nominations. [38]
The Higg Index is an apparel and footwear industry self-assessment standard to rate environmental and social sustainability throughout the supply chain.The Sustainable Apparel Coalition (SAC) launched it in 2012 and owns and develops the suite of tools.
The National Board of Medical Examiners (NBME), founded in 1915, is a United States non-profit which develops and manages assessments of student physicians. Known for its role in developing the United States Medical Licensing Examination (USMLE) in partnership with the Federation of State Medical Boards (FSMB), USMLE examinations for medical students and residents are used by medical licensing ...