Can Nonprofit Founders Take a Salary?
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- เผยแพร่เมื่อ 12 ก.ย. 2024
- Can nonprofit founders take a salary? If you are a nonprofit founder, you may be wondering how you can be compensated for the work you're doing for your nonprofit. If you are starting a nonprofit organization, you may eventually want to get to a point where you can pay yourself or pay other staff members. So watch this video if you want to know how to pay yourself.
In this video, I quickly answer the question: can nonprofits take a salary but I also go into more considerations you need to think of when starting a nonprofit. Some considerations include the difference between board directors and staff, and if you are employing staff vs. independent contractors. The video helps you understand how nonprofit founders get paid.
Watch this video to understand if board members can be paid: • Can Nonprofit Board Me...
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Thank you for your honest perspective on running a non profit organizations executive director position board members duties have to be careful treating board members as employees it can create conflict of interest they need to concentrate on board duties not interoffice duties
Wow - brilliant. So many answers in 10 minutes to months and months of questions. Thank you
I’m glad it helped, thanks for watching!
The board chair and executive director are the same person for many startups. I never "transitioned" to be a staff member. I was the founder, board chair, and functioned as the director for a long time with no pay. Eventually I got a part-time salary as the director. I put so much sweat into the organization. I am not about to hand board seats over to other people just to possibly be fired one day. I feel like these people on TH-cam just did a lot of googling and don't know much about the reality of it themselves. If you're a small startup, you do not need to leave the board to be paid. Most small nonprofits have a founder, board chair/president, and director who are all one person.
Hi! If you watch my other content then you would know I'm not one of those "people on TH-cam" who do a lot of googling. While that's your experience to be paid and sit on the board, that is not best practice. Thanks for sharing your perspective but as I advise everyone, do you research before you do things that may place you in legal jeopardy. Since you're not the owner of the nonprofit corporation, you can't make unilateral decisions. I understand that's not what you want to hear, but others need to know what is advisable by experts and the IRS.
EXCELLENT info! Thank you!
Very welcome!
Thank you for all of your video. You represent the DMV well!
Awww thanks!!
This was incredibly informative!!!
Thanks so much for watching!
This was great! I'm going to go and watch the video for board compensation now. Are you on LinkedIn too?
I am, but I don't put stuff from Boss on a Budget on there - just my 9 to 5 job :)
Thanks!!!1 I really appreciate it!
You’re welcome!
Do I need a board for non-profit startup?
Thank you! 🤯
You're welcome! Thank you for watching :)
Thank you
Thank you for the video. I would like to transcend into the ED but the funds are not agreeing, we're new as of 5/2020 so still trying to figure the funding a np
Thank you for watching! It takes time to get there, but it will come.
What if you don't want to be on the board from the start of your non-profit
You don't have to be on the board at all if that's not something you want to do. It's an individual decision.
@@BossonaBudget thank you
How can I get in contact with you? I need to ask some questions that is very important
Sure, email us at info@bossonabudget.com
No
In that case it's best if I stay out of the board from the beginning and take a contractor or employee position and get paid right?
There’s no one perfect scenario. If that’s your preference it can definitely work.
I’m a bit confused still.
I want to start an adult day program. I would be on the board. First I will have to do work to get it going to eventually I’ll have enough clients and have an income to support staff. From there I wish to transition to full time board and oversee all that operates within this program. I can’t get paid as being on the board?
Board and staff are two different positions. Board members oversee the overall organization and staff handle day-to-day. You can’t oversee yourself as the Exec Director if that’s what you wish to be.