The Importance of Risk Management for Rhode Island Nonprofits
The Problem - The explosion of nonprofits across the country in recent years has been accompanied by significant increases in employment and capital management in the nonprofit world. Rhode Island is...
View ArticleWill "Get Out the Vote" Drives and Non-Profit Voter Guides Be Treated as...
In late November, the Treasury Department and the Internal Revenue Service (“IRS”) released a Notice of Proposed Rulemaking related to the regulation of political activity by social welfare...
View Article"Exempt and Nonprofit Organizations Alert: New York Non-Profit Revitalization...
The Non-Profit Revitalization Act of 2013 (the Act) (S5845/A8072), which effects the first major overhaul of the New York Not-for-Profit Corporation Law (the NPCL) in four decades, will be signed into...
View ArticleFor the Common Good
For-profits and nonprofits in life sciences team up - Nonprofit groups are actively supporting research to solve tough medical challenges. Life sciences and pharma companies are eager to accelerate...
View ArticleIRS Draft of 2013 Form 990 and Instructions
Earlier this year the IRS issued drafts of the 2013 Form 990, Return of Organization Exempt From Income Tax, and 2013 Form 990 Instructions. Although there were no major changes to the Form 990, there...
View ArticleNonprofits Need Strong Fiscal And Financial Policies And Procedure (Excerpt)
Exercise care in settting compensation for executives who are board members. New Jersey law permits compensation for a trustee for services to a nonprofit so long as such compensation is in the...
View ArticleMajor Reforms for New York Nonprofits Signed Into Law
On December 18, 2013, almost six months after the Non-Profit Revitalization Act of 2013 (the “Act”) passed the New York State Legislature, New York Governor Andrew Cuomo signed the Act into law. The...
View ArticlePaying Elves And Interns!
Actually, internships may be a good option for Santa’s non-profit operation – so long as he does not pay a stipend or offer any benefits and clarifies whether interns are unpaid volunteers or paid...
View ArticleKey Provisions of The Non-Profit Revitalization Act of 2013
On June 21, 2013, the New York State Legislature passed the Non-Profit Revitalization Act of 2013 (the “Act”), which is now awaiting signature by Governor Cuomo. If signed, most provisions of the Act...
View ArticleNonprofit Law Revitalization Comes to New York
On December 18, 2013, New York Governor Andrew Cuomo signed into law the Nonprofit Revitalization Act of 2013 which modernizes the New York nonprofit corporation law. The Act overwhelmingly passed both...
View ArticleMassachusetts Attorney General Releases Charity CEO Compensation Report
On December 19, the Non-Profit Organizations/Public Charities Division of the Massachusetts Office of the Attorney General released the results of a “focused review” of CEO compensation at 25 of the...
View ArticleBeware of Entering into Business with your Spouse
The U.S. Fourth Circuit Court of Appeals, which covers Maryland, recently rendered a tax decision noteworthy to all married couples who participate in their business together. The case, Johnson v....
View ArticleNew York’s Nonprofit Revitalization Act Becomes Law
On December 18, 2013, New York State Governor Andrew Cuomo signed the Nonprofit Revitalization Act of 2013 (the Act) into law, triggering the first overhaul of the New York Not-for-Profit Corporation...
View ArticleGovernor Cuomo Signs New York Non-Profit Revitalization Act of 2013
The New York Non-Profit Revitalization Act of 2013 (the “Act”), which was passed by the New York State legislature in June, was signed into law by Governor Andrew Cuomo last week. The Act seeks to...
View ArticleCuomo Signs Non-Profit Revitalization Act of 2013: New York Law Reforms...
Governor Andrew Cuomo signed the Non-Profit Revitalization Act of 2013 into law on December 18. The legislation had been pending in Albany since it was passed by the Legislature in late June. As...
View ArticlePerspectives November 2013
In Revenue Ruling 2013–17, the Internal Revenue Service (IRS) announced that the terms “husband and wife,” “husband” and “wife” in the Internal Revenue Code are to be interpreted to include an...
View ArticleBest Practices for Charitable Organizations: New York Overhauls Nonprofit...
New York Governor Andrew Cuomo recently signed into law the Non-profit Revitalization Act of 2013. The provisions of the Act are generally effective on July 1, 2014. The Act will require nonprofit...
View ArticleFour Sustainability Reporting Highlights of 2013
2013 should be remembered as a transformative year for sustainability. Significant developments emerged not just from sustainability reports, but from non-profits and regulators concerned with...
View ArticleTax Law Blog: Reinstating Tax-Exempt Organizations
Section 6033(j)(1) of the Internal Revenue Code automatically revokes the tax-exempt status of an organization for failure to file the required annual return (Form 990, Form 990-EZ, or Form 990-PF) for...
View ArticleReligious Institutions Update - January 2014
On the heels of controversy surrounding the Internal Revenue Service's treatment of conservative groups applying for tax-exempt status, the Treasury Department is accepting comments on proposed...
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