Here are some of my favorite posts of the week: GTak: IRS Governance Check Sheet for Charities – http://is.gd/b3JzZ and Instructions – http://is.gd/b3JGf GTak: New IRS Publication – Tax on Unrelated Business Income of Exempt Organizations http://is.gd/bbnVw (Mar 2010) joe_brown: The Fine Print: BGCA [Boys and Girls Club of...
The 100-Member Board of Directors – Part Two
Part One of this post on "The 100-Member Board of Directors" reviewed the legal duties of directors and recommended that an appropriate board size should take into account the number of directors actively participating in the governance of the organization. Here is a list of the pros and cons...
Tweets of the Week – 3/26/10
Here are some of my favorite posts of the week: GTak: Six Important Facts about Tax-Exempt Organizations – http://is.gd/b0Jnu – IRS Tax Tip 2010-59 GTak: Charity care rules under health reform law will look familiar to Illinois hospitals – http://is.gd/aXVUs GTak: Minnesota Attorney General sues California nonprofit w/out 501(c)(3)...
The 100-Member Board of Directors – Part One
While there seems to be wide agreement that there should be no laws that limit the maximum number of directors on the board of a nonprofit corporation, we all know that there is some number beyond which effective and responsible governance is impractical. That number may vary depending on...
Tweets of the Week – 3/19/10
Here are some of my favorite posts of the week: GTak: Burden higher for nonprofit hospitals, Illinois Supreme Court Says http://is.gd/aOh0l (Chicago Tribune 3/19/10) – Provena GTak: The Art of the Steal – an interesting rebuttal to Charity Governance Blog's opinion of the underlying case: http://bit.ly/bJQhAl GTak: The Art...
UBIT: Scientific Purposes and Scientific Research
In the context of scientific organizations, the IRS states that unrelated business income tax (UBIT) issues generally occur in two situations: (1) a scientific research organization (SRO) engaging in various projects or (2) a tax-exempt non-SRO engaging in research. “Scientific purpose” and “scientific research” are commonly seen phrases in...
Tweets of the Week – 3/12/10
Here are some of my favorite posts of the week: GTak: Risk, Return and Social Impact: Demystifying the Law of Mission Investing by U.S. Foundations – http://bit.ly/bd1eLy GTak: Fiscal Sponsors = Fiscally Responsible – http://bit.ly/doGpp0 (Tides Blog) – Thanks for the cite! http://bit.ly/90E3eR npquarterly: What's the truth behind nonprofit...
Nonprofit Law Crash Course Presentation
Last Thursday, I had the pleasure of guest lecturing for an MBA class on nonprofit management. My thanks to Professor Michael O'Neill for the invitation and to the students at USF. Here is an abbreviated version of the PowerPoint presentation I created: Nonprofit and Exempt Organization Law Crash Course ...
Tweets of the Week – 3/5/10
Here are some of my favorite posts of the week: GTak: Measuring the Bang of Every Donated Buck – http://is.gd/9sro6 (WSJ 3/1/10) – social return on investments philosopher20: Is there a private inurement, excess benefit or private benefit issue when a for-profit buys a non-profit college… http://bit.ly/dpAspB jessamynlau: 3Q's...
What the Winter Olympics Taught Me About Nonprofit Governance
The 2010 Winter Olympics rocked! Having grown up in Vancouver, I recognize my bias. But come on, the Double McTwist 1260, the men's hockey gold medal match between Team Canada and Team USA, both flawless and courageous performances on the ice, the craziness of short track speed skating, k.d. Lang's...