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 Advisory Committee on Tax Exempt and Government Entities (ACT), Exempt organization, IRS, IRS Forms, Nonprofit Organizations, North Carolina Lawyer for Nonprofits, Starting a Nonprofit, Tax, Tax exempt organization | Tagged , , , , , , , , , | Leave a comment

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

Posted in Board of Directors, Current events and comments, Exempt Organizations, Governance, Management, Nonprofit Organizations, North Carolina | Tagged , , , , , , , , | Leave a comment

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

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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

Posted in Dissolution, Mergers, Nonprofit Organizations, Philanthropy Journal | Tagged , , , , , , , | Leave a comment

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

Posted in Advisory Committee on Tax Exempt and Government Entities (ACT), Current events and comments, IRS, Nonprofit Organizations, Starting a Nonprofit | Tagged , , , , , , | Leave a comment

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

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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

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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

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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

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