Conflicts can arise whenever a nonprofit’s directors’ personal interests are impacted by decisions they make on behalf of the nonprofit. Undisclosed or unresolved conflicts can lead to serious [...]
Many nonprofits choose to incorporate as a nonprofit corporation. One good rationale for doing this is the more robust personal liability protections that a corporation offers to its directors. [...]
The U. S. Supreme Court recently agreed to hear a legal challenge to California’s requirement that 501(c)(3) organizations provide a list of their major donors to the California Attorney General [...]
Volunteers provide invaluable services to many nonprofits that often look for ways to reward those volunteers for their services. While certain perks such as free meals at meetings or events [...]
Volunteers are often essential to a nonprofit’s operations, and because they can be involved in almost every part of an organization’s work, volunteers can pose risks if not managed properly. [...]
The California Franchise Tax Board (FTB) recently announced several updates affecting nonprofits for 2021. These changes are effective as of January 1, 2021. FTB Form 3500 To apply for or [...]
The IRS’s Tax Exempt & Government Entities Division (TE/GE) recently issued its annual program letter outlining its areas of focus for 2021. The agency also released a new compliance website [...]
2020 was an incredibly challenging year for nonprofit boards distracted by complying with ever-changing state and federal regulations due to COVID-19 while still trying to stay true to their [...]
Endowment funds are a form of investment vehicle used by many types of nonprofit organizations to provide for structure and long-term management of the organization’s financial assets. Managed by [...]
It is not uncommon for a nonprofit to create affiliate organizations in order to expand its reach into new areas, protect critical assets, or engage in activities that may otherwise jeopardize [...]