This week, we speak with Derik Timmerman, founder of Sparrow Nonprofit Solutions out of Golden, Colorado. Derik spent time in the military, serving 2 tours in Iraq before joining McKinsey & Company for 7 years. During his years at McKinsey, Derik realized he got more "soul food" from his work with nonprofits and left to start Sparrow Nonprofit Solutions.

Derik provides a unique perspective on nonprofit leadership. He brings with him his knowledge from McKinsey & Co. combined with a philosophical understanding of the nonprofit sector. Together, we discuss the major differences between for-profit and nonprofit talent, and how nonprofits should rethink hiring. We also discuss earned income for nonprofits, something Derik challenges any organization to invest in, and characteristics of an effective nonprofit board member and executive director.

Timestamps:

00:00 Introducing Derik Timmerman, Founder of Sparrow Nonprofit Solutions

03:50 A passion for compassion

05:20 For profits vs nonprofit in terms of talent

06:40 Why do nonprofits not invest as much in talent?

08:30 What makes an effective nonprofit board member and executive director?

13:05 What do board members need to understand about nonprofit operations?

15:18 What should a board understand about fundraising?

17:00 Current issues for nonprofit leaders

20:00 Earned income for nonprofits

24:20 Misunderstanding of nonprofit organizations and leaders

26:45 Writing The 40 Laws of Nonprofit Impact

28:40 Advice for nonprofit board members

30:10 Recapping with Read

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