Board of directors member vs co-founder

The differences between board of directorss member and co-founders can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a board of directors member and a co-founder. Additionally, a co-founder has an average salary of $105,022, which is higher than the $69,241 average annual salary of a board of directors member.

The top three skills for a board of directors member include financial statements, non-profit organization and oversight. The most important skills for a co-founder are financial statements, business strategy, and business plan.

Board of directors member vs co-founder overview

	Board Of Directors Member	Co-Founder
Yearly salary	$69,241	$105,022
Hourly rate	$33.29	$50.49
Growth rate	6%	6%
Number of jobs	14,968	4,214
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 73%
Average age	52	52
Years of experience	-	-

What does a board of directors member do?

A board of directors member's role is to represent a particular area or personnel within or outside an organization. They are primarily responsible for attending meetings, understanding concerns and giving a vote, crafting policies that would benefit the company and assets they represent, and then implementing them upon other members' approval. Furthermore, they have the power to make corporate decisions revolving around the workforce and financial matters, all in adherence to a business or organization's vision, mission, and policies.

What does a co-founder do?

A Co-Founder is an essential member of a company as they complement the skills, vision, and mission of the Founder. Most of the time, the tasks of a Co-Founder revolve around the financial planning and developing strategies that would be beneficial for the company's financial gain and workforce. Furthermore, a Co-Founder must coordinate with the Founder and other staff and departments to remain aware of the progress or issues, should there be any, to provide timely resolutions.

Board of directors member vs co-founder salary

Board of directorss member and co-founders have different pay scales, as shown below.

	Board Of Directors Member	Co-Founder
Average salary	$69,241	$105,022
Salary range	Between $31,000 And $150,000	Between $61,000 And $179,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between board of directors member and co-founder education

There are a few differences between a board of directors member and a co-founder in terms of educational background:

	Board Of Directors Member	Co-Founder
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 73%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Board of directors member vs co-founder demographics

Here are the differences between board of directorss member' and co-founders' demographics:

	Board Of Directors Member	Co-Founder
Average age	52	52
Gender ratio	Male, 54.9% Female, 45.1%	Male, 66.0% Female, 34.0%
Race ratio	Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6%	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between board of directors member and co-founder duties and responsibilities

Board of directors member example responsibilities.

Manage all association's bookkeeping on QuickBooks.
Manage the application and qualification process with the IRS for the organization's 501c4 tax exempt status.
Assume leadership of demoralize congregation and accomplish a restoration of church membership confidence and public relations within the community.
Interface with OSHA, IRS, CPA external auditor, commercial banks, and outside vendors.
Provide direct oversight of all CRM activities.
Research and file documents to incorporate and receive IRS non-profit status.

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Co-founder example responsibilities.

Manage cross functional teams through all phases of B2C campaign development.
Manage social media connect to the site (20k+ twitter impressions).
Manage and schedule production for assembly, machining, molding and QC departments.
Design and manage user web experience and social media marketing campaign, leveraging 'celebrity' Instagram dogs
Manage drivers and customers as well as all operational functions; including sales billing, accounts receivables and payroll.
Manage all features of business including client service, sales, QuickBooks accounting, purchasing, shipping and customer retention.

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Board of directors member vs co-founder skills

Common board of directors member skills

Financial Statements, 16%
Non-Profit Organization, 16%
Oversight, 11%
Community Outreach, 6%
Governance, 5%
Strategic Direction, 4%

Common co-founder skills

Financial Statements, 8%
Business Strategy, 7%
Business Plan, 6%
Non-Profit Organization, 5%
R, 5%
Facebook, 4%

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Updated January 8, 2025

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