92 episodes

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.

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

    • Business
    • 4.6 • 10 Ratings

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.

    From Beneficiary to Board Chair with Chris Williams, Salvation Army Manatee County

    From Beneficiary to Board Chair with Chris Williams, Salvation Army Manatee County

    This week, we speak with Chris Williams, owner of Aginto and Advisory Board Chair of Salvation Army Manatee County. Chris came to Salvation Army first as a client, then as a volunteer, and after some time was asked to join the board and then be board chair. In this episode, we discuss how Chris approaches his board meetings, communicating with other board members and with the executive director, and Chris provides words of advice for those who may be interested in serving on a nonprofit board.
    Timestamps:
    00:00 Introducing Chris Williams, Advisory Board Chair Salvation Army Manatee County
    04:00 Why did you become board chair?
    05:15 How does volunteering to lead a board help you at work?
    06:22 Managing a nonprofit board
    07:55 Communicating with the Executive Director and Area Commanders
    10:25 How do you approach your board meetings?
    11:55 What surprised you about the nonprofit space?
    13:55 Words of advice for joining a nonprofit board
    15:35 Shining light on an organization’s mission
    17:10 Last thoughts
    18:45 Recapping with Read
    Listen to the podcast on any of the following platforms:
    Apple Podcasts
    Spotify Podcasts
    Amazon
    iHeartRadio
    Visit us at: www.thecorleycompany.com/podcast

    • 19 min
    3 Types of Succession Plans: Acting, Interim, and Rising CEO

    3 Types of Succession Plans: Acting, Interim, and Rising CEO

    Last week, we discussed retaining your CEO or executive director. This week, we transition to executive succession planning. We discuss having a plan for an acting CEO, an interim CEO, and a rising CEO. Many organizations want to bring along the next leader while their current CEO is still running the show. However, not every organization has that luxury and needs to have a plan in case the CEO has to step away in an emergency.
    Timestamps:
    00:00 Executive Succession Planning
    01:20 Understanding the executive’s role
    02:05 3 types of succession plans
    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

    • 4 min
    Executive Director Retention Planning

    Executive Director Retention Planning

    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:
    Apple Podcasts
    Spotify Podcasts
    Amazon
    iHeartRadio
    Visit us at: www.thecorleycompany.com/podcast

    • 6 min
    990s, Audits, and Fraud Mitigation with Brian Carter, CPA & Jacob Kinsel, CPA

    990s, Audits, and Fraud Mitigation with Brian Carter, CPA & Jacob Kinsel, CPA

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

    • 32 min
    5 Observations of a High Performing Board

    5 Observations of a High Performing Board

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

    • 4 min
    The Ultimate Guide for New Nonprofit CEOs with Brian Quail

    The Ultimate Guide for New Nonprofit CEOs with Brian Quail

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

    • 37 min

Customer Reviews

4.6 out of 5
10 Ratings

10 Ratings

Bulmera ,

Real World Practicals

Michael and Read offer great practicals that can be implemented into your board service and improve your impact!

Javabob77 ,

The Go-To Source for Non-Profit Information

Michael Corely is the real deal. I wish I’d know about this podcast when I was head of a non-profit Board.

gottahavemypops ,

Helpful to anyone on a board for a charity (or considering it)

Super helpful podcast! As a board member for a charity and someone who is getting ready to join a second board, this podcast provided really helpful ideas and reminders. In particular, it provided me with things to consider as I join a new board. This podcast fills a void since there are not a lot of other ways to learn about serving on a board. The experience from the guests and the host are much appreciated. Thank you

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