VIDEO Q&A for Subscribers: December 2024 [SUBSCRIBERS-ONLY]
Ben and Mike answer questions from subscribers about implementing a CEO / Executive Director succession or transition plan, how to handle errors in an already-filed Form 990, planning for the possible loss in grant funding or a change in funding sources, and whether a person can old two officer positions simultaneously.
CHAPTERS:
00:00 - Intro
00:59 - Planning for CEO transitions and successions
05:15 - Implementing a process for planning CEO transitions for the first time
08:48 - Distinguishing between planning for an unexpected CEO transition and a planned succession
11:56 - Correcting an error in an already-filed Form 990
17:54 - Planing for unexpected changes in funding sources
24:44 - Whether a person can hold two officer positions simultaneously
FURTHER READING:
Q&A #137 – Is an amended Form 990 required to correct a minor error or omission?
Q&A #138 – How do nonprofits report a change of address to the IRS?
