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VIDEO: What is a Registered Agent? | Nonprofit Glossary
SE4N's Benjamin Takis provides a short summary of what a “registered agent” is, why state law requires nonprofit organizations to name a registered agent if the organization is incorporated in the state or doing business in the state, and who can serve as a registered agent.
VIDEO: Applying the Segregation of Duties Principle | 5-Minute Lessons 4 Nonprofits
SE4N's A. Michael Gellman provides a short lesson on the importance of the segregation of duties (SOD) principle to nonprofit organizations, explaining how SOD is crucial not just for its standard checks and balances role, but also to help ensure that a transaction or process is a good use of resources, aligns with the mission, and enhances sustainability.
VIDEO: What is Cash Basis Accounting? | Nonprofit Glossary
SE4N's A. Michael Gellman provides a short summary of the definition of cash basis accounting, its pros and cons, what types of nonprofit organization's typically use cash basis accounting, and when it may be time to think about switching to accrual basis.
VIDEO: What is a Supporting Organization? | Nonprofit Glossary
SE4N's Benjamin Takis provides a short summary of what 501(c)(3) “supporting organization” status means, how it relates to a nonprofit organization's public charity status under Form 990, Schedule A, and some of the key requirements applicable to supporting organizations.
VIDEO: Drafting Donor Acknowledgment Letters | 5-Minute Lessons 4 Nonprofits
SE4N's Benjamin Takis provides a short lesson on what to include in donor acknowledgment letters, what NOT to include, how to handle quid pro quo contributions, and more.
VIDEO: Describing Your Mission in the Form 990 | 5-Minute Lessons 4 Nonprofits
SE4N's A. Michael Gellman provides a short lesson on how to approach drafting a nonprofit organization's mission statement and description for the three different parts of the Form 990.
VIDEO: Understanding the Public Support Test under § 509(a)(2) | 5-Minute Lessons 4 Nonprofits
SE4N's Benjamin Takis provides a short lesson for 501(c)(3) nonprofit organizations on how to understand the calculation of "public support" under Internal Revenue Code section 509(a)(2).
VIDEO: Formatting an Operating Reserve Policy | 5-Minute Lessons 4 Nonprofits
SE4N's A. Michael Gellman provides a short lesson on how to format an operating reserve policy in a way that shows your nonprofit organization's operating reserve goals in terms of both programs and percentage of budget, sets clear bottom-line budget targets, and provides a framework for operating reserve status reports.
VIDEO: Understanding the Public Support Test under § 170(b)(1)(A)(vi) | 5-Minute Lessons 4 Nonprofits
SE4N's Benjamin Takis provides a short lesson for 501(c)(3) nonprofit organizations on how to understand the calculation of "public support" under Internal Revenue Code sections 170(b)(1)(A)(vi) and 509(a)(1).
VIDEO: Establishing a Cash Management Target Policy | 5-Minute Lessons 4 Nonprofits
SE4N's A. Michael Gellman provides a short lesson on cash management target policies for operating and intermediate cash funds.
VIDEO: Keeping Board Meeting Minutes | 5-Minute Lessons 4 Nonprofits
SE4N's Benjamin Takis provides a short lesson on how to properly draft and maintain nonprofit Board and committee meeting minutes.
VIDEO: Adding an Assistant Treasurer Position | 5-Minute Lessons 4 Nonprofits
SE4N's A. Michael Gellman provides a short lesson on the benefits of adding an assistant treasurer position to your nonprofit organization’s governance structure, including ideas for how to implement this role.