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In a non profit organization can a board member use his personal business to get paid fringe benefits?
Wiki User
∙ 14y ago
Your question is confusing.
A person can use his personal business to obtain fringe benefits.
A person may sit on a condominium board.
However, the person sitting on the board who has a personal business that pays fringe benefits cannot use those privileges for the benefit of the board or the association. In so doing, the person compromises the privileges associated with his personal business.
Read your governing documents to determine the conduct and ethics expected of board members in your association.
Condominium board work is volunteer board work. This means that people who serve on boards may also have business affiliations that pay their salaries. A person earn money and serve on a board at the same time. These two roles are not mutually exclusive.
However, a board member may not -- again, read your governing documents -- use assessment dollars collected from his neighbors to pay himself monies, regardless of the nature of his personal business.
Wiki User
∙ 14y ago
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