As Thanksgiving approaches, we take a moment to express gratitude for you—our listeners and viewers. In this episode of I 501(c) You, Michael shares why year-end is the perfect time for nonprofit board members to reflect on their commitment to the organizations they serve.

Michael explains why every board member should make a personal donation—not through their business, but in their own name. He outlines three key reasons: demonstrating commitment, empowering fundraisers, and meeting critical funder expectations.

Tune in for this timely reminder about the impact of personal giving as a board member, and join us in giving thanks for the incredible work nonprofit organizations do year-round.

Timestamps:

00:35 Giving personally as a board member

01:45 It shows your commitment to the organization

02:00 It gives you the opportunity to ask people for money

02:25 Funders will ask

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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This week, we speak with Patty McIlreavy, President and CEO of Center for Disaster Philanthropy. Together, we explore the intricate dynamics of nonprofit board governance, remote leadership, and the evolving landscape of disaster response. Patty shares the intentional strategies that keep her board engaged and effective, from fostering deep connections among members to balancing hybrid and in-person meetings. She highlights the importance of nurturing board relationships through regular touchpoints, in-person gatherings, and creating opportunities for meaningful interactions.

As we dive deeper, Patty discusses how being a remote organization has not hindered her nonprofit's mission, thanks to the trust and alignment with funders who believe in their global vision. We also explore a compelling concept: "all philanthropy is disaster philanthropy." Patty challenges organizations to recognize that vulnerabilities in their communities can disrupt their missions, urging them to be proactive in addressing systemic challenges, even if they're not directly in disaster work.

Center for Disaster Philanthropy Website

Timestamps:

00:00 Introducing Patty McIlreavy, President & CEO of Center for Disaster Philanthropy

03:50 Patty’s Career path and working in Africa

07:45 Leading a completely virtual organization

13:45 Getting the staff together, popping in on people, and office hours

17:12 Can leaders make the transition to virtual leading?

23:25 Having a fully remote board

28:40 Do funders care CDP is remote?

33:00 All philanthropy is disaster philanthropy

37:00 Parting words

38:35 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.

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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.

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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.

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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

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.

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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.

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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.

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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.

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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:

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Visit us at: www.thecorleycompany.com/podcast