Executive directors are constantly challenged to strike a balance between the time they devote to fundraising and program management. Too little attention to one area can leave an organization bereft of cash or quality services. Generally, this term refers to the nature and operations of the board of directors. Some people use the term to also refer to the role of chief executive as well. See Boards of Directors Nonprofit Budgeting and Accounting Nonprofits are unique entities created to provide a public service, rather than generate profit.
Nonprofits also receive grants and other forms of donations to support their operation.
These special features unique to nonprofits require highly customized forms of budgeting and accounting, not taught in general management schools. See Finances and Accounting Program Development and Evaluation Nonprofits typically deliver ongoing services in the form of organizational programs. Therefore, it's important that nonprofit management understand the basic principles of program development and evaluation. Particularly with nonprofits engaged in human services, nonprofit management must have strong knowledge of the vast amount of rules and regulations governing public services. Nonprofits often are at the forefront of guiding public policy, including championing new legislation to serve the public.