I 501(c) You - The Podcast for NonProfit Board Members – Details, episodes & analysis

This week, we speak to Gerhard Toth, Business Banking Manager at GTE Financial. Gerhard currently serves as a board member for United Way Suncoast and Braden River Soccer Club. When it comes to board service, Gerhard is led by passion. He chooses organizations that he truly aligns with the mission. In this episode, Gerhard discusses the difference between 501(c)3 and 501(c)6 board service, the big decision Braden River Soccer Club made recently, and characteristics of a good board member.

Timestamps:

00:00 Introducing Gerhard Toth

02:55 Why do you choose to serve on nonprofit boards?

04:40 Compare and contrast serving on UWS and Braden River Soccer Club

06:30 What is your role on the board?

10:16 How has serving on nonprofit boards helped you become a better leader?

12:10 501(c)3 vs 501(c)6 board service

13:45 Advice to potential board members

16:35 Big news for Braden River Soccer Club

20:20 In summary, it is about doing the right thing

22:20 Recapping with Read

Join us every week as we release a new podcast with information about how you can be the best board member and provide great service to your organization.

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Visit us at: www.thecorleycompany.com/podcast

As we approach episode 100, we think it is time to revisit some past episodes. This week, we revisit episode 32 with Cliff Walters.

In this episode, we discuss the importance of bylaws with Cliff Walters of ​Blalock Walters, P.A.​ Cliff offers useful advice for people who are on a board or thinking about joining one. He covers important topics like how bylaws protect both the board members and the organization, explains the duties of board members, highlights risks they should be aware of, and discusses other key issues.

Timestamps:

02:10 – Interview starts

02:35 – Cliff introduces himself

03:30 – The importance of bylaws

04:55 – The Articles of Incorporation

05:30 – Cliff’s by-laws philosophy

07:30 – Should you change the Articles of Incorporation or the bylaws for consistency?

09:30 – Is there one area you organizations can improve upon?

10:20 – Every board member should read the by-laws

11:33 – Key parts of the bylaws

13:07 – What committees do you recommend nonprofits have?

17:55 – How should ad-hoc committees be structured?

19:45 – How should committees operate?

22:28 – Cliff’s advice for board member tenure

25:29 – Cliff’s advice for officer tenure

27:45 – Roles and responsibilities of the board

32:15 – Areas of risk the board should be aware of

37:25 – Advice for those who might be interested in serving on a board

39:35 – Recapping with Read

Join us every week as we release a new podcast with information about how you can be the best board member and provide great service to your organization.

Listen to the podcast on any of the following platforms:

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Visit us at: www.thecorleycompany.com/podcast

This week, we tackle the subject of executive retention planning. More specifically, the importance of performance plans, compensation, and bonus structure. High performers want to know how to improve, and they want compensation tied to performance. A problem comes when boards do not clearly define the CEO/ED's bonus structure or compensation plan. It is the board’s role to ensure proper compensation strategy. To do this, they must also complete executive performance assessments.

Timestamps:

00:00 Retention planning

01:50 The importance of performance plans

03:55 Compensation and bonus structure

Join us every week as we release a new podcast with information about how you can be the best board member and provide great service to your organization.

Listen to the podcast on any of the following platforms:

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Visit us at: www.thecorleycompany.com/podcast

This week, we speak with Brian Carter and Jacob Kinsel, both are CPAs at Mauldin & Jenkins. Together, Brian and Jacob provide a masterclass on the financial statements and audits for nonprofit board members. Including an overview of the 990, what boards should be aware of during the audit process, and how nonprofit boards can mitigate fraud. If you listen to any part of this episode, listen to 14:12, where Brian highlights 7 areas of the 990 board members should be aware of.

Timestamps:

00:00 Introducing Brian Carter and Jacob Kinsel

02:35 What do board members need to know about the audit process?

05:00 When should an organization have a full audit?

07:20 Common misconceptions about an audit

09:00 The board’s role in the audit

10:20 Should the board engage the auditor?

11:20 What is a 990?

14:12 7 areas of the 990 the board should be aware of

20:45 What is the best practice for approving the 990?

22:50 What controls should be in place to prevent fraud?

27:20 Red flags board members should be aware of

29:20 Final advice for nonprofit boards

31:30 Recapping with Read

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Visit us at: www.thecorleycompany.com/podcast

Recently, I had the pleasure of facilitating a board retreat with a high performing, aligned, and productive board. In this episode, I discuss the 5 observations I have from working with this nonprofit board.

Timestamps:

00:00 5 observations of a high performing board

01:20 Aligned on the mission

01:40 Understands its role

02:15 They were educated and prepared

03:00 Productive discussion

03:40 They had fun

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Visit us at: www.thecorleycompany.com/podcast

This week we speak with the author of "The Ultimate Guide for New Nonprofit CEOs", Brian Quail. Brian worked in nonprofits for 40 years, was a CEO for 25, and raised over $1 billion for his organizations across his career. In this episode, we focus on the 5 frameworks from Brian's book: “90 Days," “Your Team," “The Financials," “Donor Relationships," and “The Who." These 5 frameworks provide a new nonprofit CEO with the key to being a successful leader. Throughout the episode, Brian shares how he used these 5 frameworks to lead 3 different organizations over the course of his career.

Contact Brian:

brianquail.com

bq@brianquail.com

Timestamps:

00:00 Introducing Brian Quail

04:00 Inspiration for writing the book

07:55 The first of the 5 frameworks: 90 Days

13:00 Analyzing your team, framework 2

17:45 Framework 3: The Financials

22:10 Framework 4: Donor Relationships

26:40 Framework 5: The Who

33:45 Final words

35:40 Recapping with Read

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Visit us at: www.thecorleycompany.com/podcast

July 1st brings in a new fiscal year for many nonprofit organizations. As we approach this time of transition, we discuss two ways to get your new board aligned. In your first board meeting with your new board, discuss the mission. What does the mission mean to each person? It is also important to discuss what is NOT the mission. Mission creep can be a dangerous factor to nonprofit organizations. This time of the year is also a good time to identify a set of values in which each individual can adhere to. If everyone is aligned, your impact will be increased.

Timestamps

00:00 New fiscal year coming on July 1

01:40 Revisit the mission

02:35 What is not the mission?

03:45 Identify the values of the organization

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Visit us at: www.thecorleycompany.com/podcast

This week we speak with Kerry Diaz, a former practicing attorney, turned nonprofit CEO, board member, entrepreneur, and now nonprofit consultant. Together, we discuss Kerry's transition from board member to CEO, succession planning best practices, and traits that make an effective nonprofit CEO and board member.

Contact Kerry:

kerryadiaz@gmail.com

(561)-307-0844

Timestamps:

00:00 Introducing Kerry Diaz and her winding road to nonprofit consultancy

05:30 How did having a legal background help you in your career?

06:50 Did serving on the board help you become a better CEO?

09:00 Are you a better consultant because you have been a board member and CEO?

10:00 What are some succession planning best practices?

12:34 Who do you let know about succession planning?

15:25 Board succession planning best practices

19:30 What makes an effective board member?

20:45 What makes an effective CEO?

21:45 Board members coming from entrepreneurship

24:45 How often should a CEO/ED communicate with board members?

26:40 Board Chair-CEO relationships

27:40 Should you have personal/social friendships with board members?

30:30 Advice for nonprofit board members?

32:15 Reach out to Kerry

33:00 Recapping with Read

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There might come a time when a board member is not showing up for meetings, reviewing meeting materials, or being a good steward of the organization. It is the role of the board chair to step in and have a conversation with that board member. Remember, board members are volunteers, so a delicate balance has to be reached. Oftentimes, people feel obligated to fulfill their commitment as board members, but life gets in the way. People get busy. The board chair can offer a way for the board member to gracefully exit the board or step into a committee role.

Timestamps:

00:00 What to do when a board member is not pulling their weight

01:35 It is the board chair’s responsibility to correct board member behavior

02:50 Do not be accusatory, this is a volunteer position

03:20 Sharing a personal experience

04:20 Do not let the behavior go unquestioned

05:45 What to do when a board member does not change

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This week, we speak with the Honorable Adelaide “Alex” Sink. Alex served as Florida’s elected Chief Financial Officer from 2007 to 2011. Prior to elected office, Alex had a 26-year career at Bank of America where she served on several nonprofit boards. 

We discuss how serving on nonprofit boards helped her banking and political career, evaluating and eliminating conflicts of interest, and the power of relationships made through board service. To end the episode, Alex provides advice for how young professional women can begin giving back to their communities.

Timestamps:

00:00 Introducing the Honorable Adelaide “Alex” Sink

03:55 Did the desire to give back start from a young age?

05:30 Sitting on boards during her banking career

07:40 What did you learn from serving on nonprofit boards that helped you in your career?

09:25 The importance of being engaged in the mission

12:25 If you are joining a board, you need to devote the time

16:45 Serving on boards as the CFO of Florida, evaluating conflicts of interest

19:55 Serving as the chair of Florida Healthy Kids

21:40 Difference between serving on a for-profit and nonprofit board

23:20 Advice to nonprofit board members - ask questions, speak up

26:20 What challenges should a nonprofit board member be aware of

29:00 Making connections through board service

30:20 Advice to young women about serving on a nonprofit board

33:45 Pick one thing to get involved in the community

34:40 Encouragement to be on a nonprofit board

Listen to the podcast on any of the following platforms:

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Visit us at: www.thecorleycompany.com/podcast