I 501(c) You - The Podcast for NonProfit Board Members

The Corley Company, LLC
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I 501(c) You - The Podcast for NonProfit Board Members

Welcome to I 501(c) You - The Podcast for NonProfit Board Members. We hope to educate current and future nonprofit board members on the roles, responsibilities, and obligations of being a nonprofit board member.

  1. -2 J

    5 Things Every Nonprofit Board Member Should Do Before Year-End

    As we approach the end of the year, it's time for nonprofit board members to take action and set their organizations up for success in 2025. In this episode of I 501(c) You, we dive into five essential tasks that every board member should tackle before the calendar turns. From conducting performance reviews for your Executive Director to lining up strategic priorities for the upcoming year, we've got you covered with practical advice to keep your organization on track. We'll also explore how to onboard new board members, optimize your year-end fundraising appeal, and show appreciation to your hardworking staff during this season of gratitude. Timestamps: (00:00) 5 Things Board members should do before the end of the year (00:55) #1 Performance review for the Executive Director (01:43) #2 Identify strategic priorities for next year (02:25) #3 Onboard new board members (03:07) #4 Year end campaign (03:48) #5 Give appreciation to staff 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: Apple Podcasts Spotify Podcasts Amazon iHeartRadio Visit us at: www.thecorleycompany.com/podcast

    5 min

  2. 5 NOV.

    Don’t Lose Your Leader: The Critical Role of Executive Retention for Nonprofits with Joe Schaefer

    In this episode, we speak with Joe Schaefer, an expert in employee retention and executive benefits to discuss the often-overlooked topic of retention strategies for nonprofit executives. Joe shares insights on the importance of retention plans from both board and executive perspectives, explaining how these programs can help nonprofit leaders attract and retain critical talent. Joe discusses different types of plans, including qualified and non-qualified options like 457 and split-dollar plans, and we discuss the benefits of these strategies for nonprofits facing recruitment and retention challenges. Joe also provides examples of how customized retention solutions can prevent costly turnover, especially in roles that drive an organization’s mission and funding. Whether addressing board members concerned with stability or executives considering retirement, this episode highlights the value of thoughtful retention planning in strengthening the nonprofit sector. Executive Benefits for Tax Exempt Organizations Timestamps: 00:00 Introducing Joe Schaefer, Vice President - Atlantic Region for NFP  02:35 What do Board Members need to know about Executive Retention plans? 04:30 What do executives need to know about Executive Retention plans? 06:45 From recruiting to retirement 07:30 When should a retention plan be implemented? 11:30 What should boards consider when thinking about retention plans? 13:10 Split Dollar plan explanation 18:15 Split Dollar on the 990 19:10 What size organization does this work for? 20:00 How do board’s start thinking about retaining an executive? 26:00 Find Joe on Linkedin 27:00 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: Apple Podcasts Spotify Podcasts Amazon iHeartRadio Visit us at: www.thecorleycompany.com/podcast

    29 min

  3. 29 OCT.

    Staying the Course: How Nonprofit Leaders Adapt in Challenging Times

    In this episode of I 501(c) You, we dive into the essential role of nonprofit leadership during times of crisis. With recent hurricanes impacting Florida, we discuss how executive directors and board members can maintain focus and adapt effectively when unexpected events disrupt operations. Michael shares key insights on the importance of strategic priorities, staying visible to staff and stakeholders, and making tough decisions grounded in empathy and clarity. He also highlights the power of community resilience in Sarasota and beyond, emphasizing how collective support strengthens both individuals and organizations. Timestamps: 00:00 It is great to be back! 01:05 The importance of strategic priorities 02:30 Leading in times of uncertainty 04:15 No action might be the best action

    6 min

  4. 8 OCT.

    3 Concepts to Keep in Mind for Nonprofit Leaders

    This week we discuss 3 ideas that have been on Michael’s mind. Number 1 is a concept created by The Patterson Foundation called Cope, Adapt, Innovate. Second is building on our podcast from last week and that is the idea that you cannot overpay for good talent. Third is how the CEO/Executive Director can manage their board. Timestamps: (00:00) Total disruption! Thoughts and prayers for those affected by Hurricane Helene (00:40) Cope, Adapt, Innovate (02:17) You cannot overpay for good talent (03:23) CEO/ED managing their board 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: Apple Podcasts Spotify Podcasts Amazon iHeartRadio Visit us at: www.thecorleycompany.com/podcast

    6 min

  5. 1 OCT.

    How to Retain your Executive Director

    In this episode, we explore both financial and non-financial strategies to help your organization retain a superstar executive director. One of the key responsibilities of a nonprofit board is hiring, supporting, and—when necessary—replacing the CEO/Executive Director. If you have a top-tier leader, it's crucial to invest in their retention, as they will likely be in high demand elsewhere. With talent being harder to come by, we'll discuss how your board can take action to ensure your executive director stays for the long haul. Timestamps: 00:00 Retaining Your CEO 01:30 #1 - Pay your CEO appropriately 02:20 #2 - Offer a bonus 02:40 #3 - Benefits and deferred compensation 04:10 Nonfinancial incentives 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: Apple Podcasts Spotify Podcasts Amazon iHeartRadio Visit us at: www.thecorleycompany.com/podcast

    7 min

  6. 24 SEPT.

    Rocky Mountain Insights: Nonprofit views from a former for-profit consultant with Derik Timmerman

    This week, we speak with Derik Timmerman, founder of Sparrow Nonprofit Solutions out of Golden, Colorado. Derik spent time in the military, serving 2 tours in Iraq before joining McKinsey & Company for 7 years. During his years at McKinsey, Derik realized he got more "soul food" from his work with nonprofits and left to start Sparrow Nonprofit Solutions. Derik provides a unique perspective on nonprofit leadership. He brings with him his knowledge from McKinsey & Co. combined with a philosophical understanding of the nonprofit sector. Together, we discuss the major differences between for-profit and nonprofit talent, and how nonprofits should rethink hiring. We also discuss earned income for nonprofits, something Derik challenges any organization to invest in, and characteristics of an effective nonprofit board member and executive director. Timestamps: 00:00 Introducing Derik Timmerman, Founder of Sparrow Nonprofit Solutions 03:50 A passion for compassion 05:20 For profits vs nonprofit in terms of talent 06:40 Why do nonprofits not invest as much in talent? 08:30 What makes an effective nonprofit board member and executive director? 13:05 What do board members need to understand about nonprofit operations? 15:18 What should a board understand about fundraising? 17:00 Current issues for nonprofit leaders 20:00 Earned income for nonprofits 24:20 Misunderstanding of nonprofit organizations and leaders 26:45 Writing The 40 Laws of Nonprofit Impact 28:40 Advice for nonprofit board members 30:10 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: Apple Podcasts Spotify Podcasts Amazon iHeartRadio Visit us at: www.thecorleycompany.com/podcast

    32 min

  7. 17 SEPT.

    Building the Infrastructure for Successful Nonprofit Fundraising with Tracy Vanderneck

    This week we speak with Tracy Vanderneck, MSM, CFRE and author of The 60-Minute Guide to Building the Infrastructure for Successful Nonprofit Fundraising. Together, we discuss Tracy’s background and her motivation for writing a book. Then, we dive more deeply into sections of the book and get Tracy’s expertise on the board’s role in fundraising, the development committee, and more. Buy the book on Amazon! Timestamps: 00:00 Introducing Tracy Vanderneck, MSM, CFRE 03:30 What do nonprofit board members need to understand about fundraising? 04:30 The board’s role in fundraising 11:00 Why write a book? 13:10 What is “infrastructure”? 17:10 High level thoughts on technology and performance indicators 19:55 What is a culture of philanthropy? 22:25 Developing a case for support 26:00 Development committee on the board 27:45 Final thoughts on board fundraising 31:00 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: Apple Podcasts Spotify Podcasts Amazon iHeartRadio Visit us at: www.thecorleycompany.com/podcast

    32 min

  8. 20 AOÛT

    Before Joining a Board, be Passionate about the Mission with Gerhard Toth

    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. Listen to the podcast on any of the following platforms: Apple Podcasts Spotify Podcasts Amazon iHeartRadio Visit us at: www.thecorleycompany.com/podcast

    24 min
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Welcome to I 501(c) You - The Podcast for NonProfit Board Members. We hope to educate current and future nonprofit board members on the roles, responsibilities, and obligations of being a nonprofit board member.

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