On Wednesday, November 13, 2013, the Colorado Secretary of State’s office announced its release of a free eLearning program for directors of nonprofit corporations, entitled “Board Education and Effectiveness.” The first part of this five-part series is called “Fiduciary Duties of Nonprofit Directors,” and is available online through the Secretary of State’s website.
The board effectiveness training program was developed through a series of meetings between the Secretary of State’s office and nonprofit community leaders. The program is designed in hopes of strengthening nonprofits in Colorado through education. The Secretary of State noted that not all nonprofit directors are clear in understanding their roles and responsibilities, so education is a key component to help instill best practices in these directors.
The remaining four segments will be released in the coming months, and the entire course should be available to the public by mid-2014.
Although the Secretary of State programs are designed for the public, Colorado Bar Association CLE offers a comprehensive resource for attorneys who advise nonprofits—A Guide for Colorado Nonprofit Corporations. This book, written by over 20 of Colorado’s top corporate attorneys, covers the legal aspects of forming nonprofit entities in Colorado, the fundamentals of choosing the form of the entity, the requirements of maintaining the entity’s tax-exempt status, and the complex and ever-changing tax laws — federal, state, and local — that impact nonprofit organizations.