Tag Archives: Nonprofit lawyer
IRS 1023 EZ
On July 1, 2014, the IRS announced its new IRS Form 1023 EZ. This form is designed to ease and expedite the application process for small organizations which project $50,000 or less in income and assets of less than $250,000 during … Continue reading
Posted in IRS, Nonprofit Organizations, North Carolina Lawyer for Nonprofits, Starting a Nonprofit, Tax, Tax exempt organization
Tagged Form 1023, IRS ACT, IRS Advisory Committee on Tax Exempt and Government Entities, IRS Form 1023 EZ, IRS Interactive Form 1023, Nonprofit lawyer, North Carolina nonprofit lawyer, Tax exempt status, The Nonprofit Mentor
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Spies, Jurors, and Nonprofit Boards: Seeking Ground Truth
“Bond—James Bond!” Those words from the movie Dr. No introduced me to spies. (Dr. No also introduced Ursula Andress, but that’s another blog.) A summer visit to Washington, D.C.’s International Spy Museum provided a fascinating look at spies and their history, … Continue reading
Posted in Board of Directors, Nonprofit Organizations
Tagged Board scandals, Culture, Ground truth, Learning, Nonprofit lawyer
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Closing Down A Nonprofit
The decision to close a nonprofit challenges a nonprofit’s board and stakeholders. What experience have you had in closing down a nonprofit? Click to read my Philanthropy Journal article “Closing Down the Nonprofit” which outlines several ways by which a nonprofit may close its … Continue reading
IRS ACT Report
The IRS Advisory Committee on Tax Exempt and Government Entities (“ACT”) issued its eleventh “Report of Recommendations” at a public meeting recently held at the IRS headquarters in Washington, D.C. The ACT consists of legal practitioners, external stakeholders, and representatives who advise and work with employee retirement plans; tax-exempt organizations; … Continue reading
Lawyers Serving On Nonprofit Boards
Pick a nonprofit scandal. Generally a lawyer served on the board of directors. When reading about nonprofit scandals, my question is “Where was the lawyer?” It often appears they were absent as a board member and a lawyer. During a recent CLE program, I spoke on lawyer’s legal and professional responsibilities using … Continue reading
Posted in Board of Directors, Governance, Lawyers, Nonprofit Organizations
Tagged Attorney, Board of Directors, Lawyer, Nonprofit lawyer
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IRS – Select Check
Donors and others often want to know whether an organization: is eligible to receive charitable contributions that are tax-deductible by a donor; had their tax exempt status revoked for failing to file their 990 form for three consecutive years; or filed their … Continue reading
Posted in IRS, Nonprofit Organizations
Tagged Donors, IRS, IRS website, Nonprofit lawyer, Reinstatement, Revocation, Tax exempt status
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IRS – Advisory Committee on Tax Exempt and Government Entities
The Internal Revenue Service announced my appointment to serve as one of ten new members to the IRS Advisory Committee on Tax Exempt and Government Entities (“ACT”). The ACT consists of external stakeholders and representatives who “provide valuable feedback and insight … Continue reading
First Post
Every journey begins with a first step. So it is with my first posting. Though I’ve taught and spoken about nonprofits often, “The Nonprofit Mentor” represents my initial effort at writing about nonprofit and exempt organizations and the nonprofit sector on a sustained basis. It is a somewhat daunting process. … Continue reading
The Nonprofit Mentor 
Public Funds Bring Increased North Carolina Nonprofit Transparency
Effective October 1, 2012, North Carolina nonprofit corporations receiving more than five thousand dollars ($5,000.00) of public funding within a fiscal year from any local, state, or Federal government shall disclose their latest annual financial statements upon written demand from any member … Continue reading →