By NEO Law Group
Equity in the Center’s Pre-Convening to Upswell Chicago was held on November 12, 2019 and provided a day-long, deep dive into how to build a Race Equity Culture. EiC described the convening as follows: Plenary sessions and workshops will focus on how to operationalize race equity, highlighting best practices from EiC’s Awake to Woke to […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “A new study by 11,258 scientists in 153 countries from a broad range of disciplines warns that the planet “clearly and unequivocally faces a climate emergency,” and provides six broad […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “President Trump’s acquiescence to Turkey’s move to send troops deep inside Syrian territory has in only one week’s time turned into a bloody carnage, forced the abandonment of a successful […]
Earlier this week, I had the privilege of guest lecturing to Scott Curran‘s Lawyers as Social Innovators class at Chicago-Kent College of Law at the Illinois Institute of Technology. The following is an excerpt of my notes for the class: Nonprofit Scandals Heard any juicy stories this summer? MIT Media Lab and Jeffrey Epstein, Varsity Blues and […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “Hurricane Dorian is battering the North Carolina shore as it continues its northward trek up the coast, but the storm could slowly be losing power. … Before reaching the United […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “After months of anticipation, Robert S. Mueller III, the former special counsel, on Wednesday delivered nearly seven hours of dry, sometimes halting testimony before Congress. Republicans and Democrats sparred over […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “In a moment of unrestrained demagoguery, President Donald Trump presided Wednesday over a crowd chanting “Send her back! Send her back!” about an American Muslim congresswoman who he targeted with […]
The quick and admittedly general answers (because there are exceptions) are: (1) yes, a nonprofit can own a for-profit; and (2) no, a for-profit cannot own a nonprofit, but it can select all of the nonprofit’s board members and thereby largely control the nonprofit. Can a Nonprofit Own a For-Profit? A nonprofit can own all […]
A nonprofit organization organized and operated for charitable purposes may be exempt under Section 501(c)(3) of the Internal Revenue Code while a nonprofit organized and operated to promote the common business interest of its members and not to engage in regular business activities ordinarily carried on for profit may be exempt under Section 501(c)(6) of the Code. While […]
Many nonprofits fail to respect the differences between directors and officers. When an individual holds both the position of director (i.e., board member) and an officer position (e.g., chair of the board), we often see such individual elected for only the officer position. It is then assumed that such person automatically also becomes a director, […]