When a funder asks for a single number for the “budget”, what exactly do they want? We have some thoughts! Also, this week we turn a question about red flags to watch out for when considering an ED position into an excuse to complain about things! Finally, if you’re having trouble sleeping, Stacey and Andy have just the IRS publication for you!
You think your nonprofit is a mess? Wait until you hear this question — while it masquerades as a technical query about verbal resignations and bylaws, it gets weird fast! Also this week, Stacey and Andy share some thoughts about fundraising in a different state than the one you’re incorporated in, and we find out whether or not you are allowed to raise money before you actually get your determination letter back from the IRS.
Should the Executive Director be on the Nominating Committee? Stacey knows! Also this week, Andy gets called out for being wrong about determination letters, and we find out all about Benefit Corporations and Certified B Corps.
- Should the Executive Director be on the nominating committee? – 0:00
- Does the IRS still send determination letters? – 6:52
- Is a Benefit Corporation a good option for do gooders? – 12:41
Today’s episode is sponsored by the Alliance for Nevada Nonprofits job board Your one-stop shop for the next step in your career! Searching job listings is totally free, and ANN members receive a big discount when posting new jobs. There are dozens of nonprofit jobs available right here in Nevada (and out of state jobs, too!) Check it out at jobs.alliancefornevadanonprofits.com.
This week Stacey and Andy discuss whether a board members need organizational email addresses and we talk about what to do when your board treasurer resigns. Finally, Stacey asks guest expert Jessica Sayles from Houldsworth Russo how to value a sponsor’s banner at an event (as well as several other accounting questions that have been disturbing her sleep!)
- Should our Board Members have organizational email addresses? [skipto time="0:00"]
- How do we value a sponsor’s banner at an event? With Jessica Sayles from Houldsworth Russo – [skipto time="7:12"]
- Help! Our treasurer resigned! – [skipto time="25:10"]
Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution.
This week, we’re tackling the most frequently asked nonprofit questions, like the old familiar one, “how do you auction a horse?” We find out whether or not you need to file a form 990 if you have no assets or revenue, whether it’s kosher for nonprofits to pay bonuses, and how to deal with the worst possible silent auction donation items. Stacey and Andy dispense even more career advice (this is starting to become a theme), and answer the age old question, “if a tree falls in the forest, will the IRS hear it.”