VIDEO Q&A for Subscribers: August 2024 [SUBSCRIPTION PREVIEW]
THIS IS A PREVIEW OF SE4N’S SUBSCRIBERS-ONLY CONTENT.
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Ben and Mike answer questions from subscribers about whether fixed assets and restricted funds can count toward a nonprofit organization's operating reserves, the pros and cons of taking over an existing 501(c)(3) organization rather than starting a new one, how abstentions are counted in a Board vote, and whether an organization should use a credit card or debit card.
CHAPTERS:
00:00 - Intro
00:34 - Calculating an organization's calculating operating reserves
04:05 - Whether fixed assets can count toward operating reserves
04:40 - Whether restricted funds can count toward operating reserves in some cases
05:30 - Where and how operating reserves are reported
08:12 - Starting a new 501(c)(3) foundation vs. taking over an existing organization
14:26 - What it means to transfer a program to another organization
16:01 - When it's appropriate or inappropriate for a Board member to abstain
19:28 - How abstentions are counted in a Board vote
22:35 - More discussion about when it's appropriate or inappropriate for a Board member to abstain
25:24 - Whether nonprofit organizations should use a credit card or a debit card
FURTHER READING:
Operating Reserve Policies are a Perfect Vehicle for Targeting Your Budget’s Bottom-Line
Q&A #117 – How does a nonprofit transfer a program to another nonprofit?
Q&A #16 – Should I take over a dormant 501(c)(3) rather than form a new organization?
