VIDEO Q&A for Subscribers: December 2025
Ben and Mike answer questions from subscribers about documenting Executive Director performance in committee minutes, whether tax-exempt status can be transferred to another organization, addressing audit findings related to handling of restricted funds, how new nonprofits should fill out Form W-9, and whether new nonprofits should file a Form 990 for the first short tax year.
PREVIEW SHORTER CLIP:
FULL 30-MINUTE VIDEO:
CHAPTERS:
00:00 - Intro
00:39 - Documenting Executive Director performance in Compensation Committee meeting minutes
08:30 - Can tax-exempt or nonprofit status be transferred to another organization?
11:26 - Addressing audit findings related to handling of restricted funds
18:02 - How new nonprofits should fill out the Form W-9
20:58 - Should a new nonprofit with no revenue file a Form 990 for its first short tax year?
24:49 - A new organization's choice of fiscal year / tax year
FURTHER READING:
Q&A #16 – Should I take over a dormant 501(c)(3) rather than form a new organization?
Always Add Written Management Responses When There Are Audit Findings
