Setting up a not-for-profit: Understanding Members, Directors and Employees in NFPs FAQs

Not-for-Profit on Purpose

Two of the most common questions I get from people who are looking to start a not-for-profit are: "Can I pay myself?" and "Can I be on the Board while working in the NFP?"

Whether you have an NFP or are looking to set up an NFP, it can be very useful to understand the relationship and dynamics between Members, Directors and Employees. As a founder, can you be all three at once?

In today's episode, I clarify these roles and responsibilities and discuss how to achieve a balanced NFP structure.

I'll be focusing on the practicalities of starting a NFP in upcoming episodes, each will cover a different aspect for you to consider when starting up a NFP.

Download (Diagrams)
https://www.rightsource.com.au/downloads/

Connect with me on LinkedIn or visit our website rightsource.com.au
If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.
Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.
Right Source Empowering Your Purpose Is Ours.