For many organizations, July 1st marks the beginning of the new fiscal year. This is a great time to onboard new board members, energize your staff with a new budget, and strategize for the new year. In this episode, we discuss a 6-step process to identify your organization's strategic direction in 2 hours. As a board, you do not need to spend all day discussing your direction. You can get your organization's priorities within 120 minutes. Once you set the priorities, sit back and let the staff carry out your vision for the organization.

Timestamps:

00:00 Identify strategic priorities for next year

01:25 Ground yourself in the mission

02:07 SWOT analysis

03:05 Aspirations

03:55 Prioritization

05:25 Step back - and hand it off 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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It is the week of July 4th, a perfect time for your executive director to take a vacation. As a board member, you should ensure that your executive director is taking time off to be able to refresh and continue to drive the mission forward. Many leaders of organizations do not take adequate time off, leading to burn out and lower retention rates. Make sure your Executive Director is taking time off this week.

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 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

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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.

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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.

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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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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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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

[email protected]

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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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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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:

[email protected]

(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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