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GuideStar to Offer New Transparency Disclosure Information for Nonprofits

BoardSource and GuideStar have announced a new initiative to allow Guidestar Exchange to enable nonprofit organizations to share information often not otherwise known to the public about how their organizations are governed.

GuideStar Exchange will now allow nonprofit organizational leaders to supplement the public information that is presently available predominantly using only IRS filings.   Existing GuideStar Exchange profiles will be able to be updated by nonprofit organizations when answering the new governance and board leadership questions developed in a joint effort of BoardSource and GuideStar to assist participating nonprofit organizations to transparently share information about their board leadership practices.

The information supplied to GuideStar Exchange when answering these questions about board composition, performance, orientation and education, as well as CEO oversight, ethics and transparency, will be shared with the public in a new section of the GuideStar profile featuring People and Governance.

BoardSource is a 501(c)(3) organization recognized as a leader in nonprofit board leadership.  It provides training and education to 90,000 nonprofit board leaders from across the country each year that is intended to increase the effectiveness and organizational impact of the boards of directors of nonprofit organizations.

GuideStar is a 501(c)(3) public charity that collects, organizes, and presents information about more than 1.8  million IRS-recognized nonprofit organizations in a common format.

DISCLAIMER: This information is extracted from public releases of GuideStar and provided herein as information intended to be helpful to its nonprofit readers.   It is general in nature and links have been provided to GuideStar and BoardSource  in order for the reader to learn more information about the organizations and GuideStar ExchangeRoy and Associates, PC is not affiliated with these organization and is not responsible for the effectiveness of this new initiative.

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