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VIDEO Q&A for Subscribers: June 2026
Ben and Mike answer questions from subscribers about budget preparation during periods of transition, policies prohibiting Board members from accepting personal gifts from vendors, writing off old inventory, and whether a Form 1099 must be issued for expense reimbursements that are lacking receipts.
VIDEO Q&A for Subscribers: February 2026
Ben and Mike answer questions from subscribers about transitioning from cash basis to accrual basis accounting, the ideal Board size for a new nonprofit organization, how to avoid falling behind in the budget preparation process, and tips for keeping the Board of Directors focused on strategy rather than minutiae.
VIDEO Q&A for Subscribers: April 2025
Ben and Mike answer questions from subscribers about the potential consequences of having 501(c)(3) tax-exempt status revoked, whether a mid-year amendment to the budget should be made if an organization’s federal grants have been terminated, tax forms and disclosures required when hiring foreign contractors, and what to do when a project must be stopped in the middle of a capital campaign.
VIDEO Q&A for Subscribers: December 2024
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.
VIDEO Q&A for Subscribers: October 2024
Ben and Mike answer questions from subscribers about managing staff concerns about the additional workload that may come from forming a new subsidiary or related entity, mid-year amendments to the annual budget, whether an organization should restore its good standing as a corporation prior to dissolving, and the distinction between restricted funds and Board-designated funds.