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990 Tax Return + IRS Compliance + Legal Issues + Nonprofit Law

[Recommended Book]

First Legal Answer Book for Fund-Raisers, The

3.666665
Average: 3.7 (3 votes)
By Bruce R Hopkins
You can never go wrong with Bruce Hopkins; he is the best in the field.

Publisher's Description:
 

Critical legal information for enhancing and expanding the activities of charitable fund-raisers.

As the competition for gifts grows increasingly intense, managers and fund-raisers for charitable organizations must learn how to work with tax and business law to optimize their return. Written by the leading legal authority on tax-exempt organizations, this book provides an accessible approach to understanding the various laws and offers solutions to enhance an organization's wealth and effectiveness. Bruce Hopkins clearly explains to fund-raisers the pertinent aspects of the law, enabling them to dramatically increase funding without legal missteps. He also thoroughly details the steps needed to solve the fund-raiser's most pressing legal headaches, including maintenance of tax exemption and public charity status, planned giving, charitable giving rules, unrelated business activities, fund-raiser's compensation, state regulations, and much more.  Read more



[Recommended Book]

Law of Fundraising, 2008 Cumulative Supplement, The

2.333335
Average: 2.3 (3 votes)
By Bruce R. Hopkins
Hopkins is the leading authority on nonprofit law. A must for anyone in a nonprofit leadership role.

Publisher's Description:

Containing a complete update of the main volume it accompanies The Law of Fundraising, Third Edition this 2008 Cumulative Supplement is updated and expanded, detailing federal and state laws with an emphasis on administrative, tax, and constitutional law. Clearly explaining state and federal rules impacting fundraising professionals, this supplement provides you with IRS rulings and pronouncements, an IRS checklist for monitoring charitable fundraising, and sample IRS forms.   Read more



[Recommended Book]

Nonprofit Law for Religious Organizations: Essential Questions & Answers

1.333335
Average: 1.3 (3 votes)
By Bruce R. Hopkins and David Middlebrook
Publisher's Description:
 

Nonprofit Law for Religious Organizations: Essential Questions & Answers is a hands-on guide to the most pertinent and critical legal issues facing those who lead and manage religious tax-exempt organizations with an emphasis on tax, employment, property and constitutional law. This timely book is a response to the need for guidance, direction, and clarification of legal and tax laws affecting churches and other religious organizations.   Read more



[Recommended Book]

Revised Form 990: A Line-by-Line Preparation Guide

2
Average: 2 (2 votes)
By Jody Blazek
Every board and nonprofit manager needs to be up to speed on the new revised 990 form; this book is a must!

Publisher's Description:
 

A line-by-line preparation guide to the completely new and revised Form 990 for nonprofit organizations.

This workbook walks readers through the process of completing the complex and significantly revised Form 990 due for the 2008 tax year. Jody Blazek demystifies the process for financial professionals and nonprofessionals alike who are held accountable for the content of these forms. She provides guidance for responding to the many new questions, considering adoption governance policies and procedures suggested as appropriate by the IRS, and reforming data-gathering systems to capture requested information on the form. This book is an essential guide for every 990 filer, filled with instructions and comments about each part of the new form and schedules.  Read more



[Tool]

Sample Bylaw Provision: Conflicts of Interest

Courtesy of the Hurwit & Associates' Nonprofit Law Resource Library

Conflicts of Interest (Version A)
Whenever a director or officer has a financial or personal interest in any matter coming before the board of directors, the affected person shall a) fully disclose the nature of the interest and b) withdraw from discussion, lobbying, and voting on the matter. Any transaction or vote involving a potential conflict of interest shall be approved only when a majority of disinterested directors determine that it is in the best interest of the corporation to do so. The minutes of meetings at which such votes are taken shall record such disclosure, abstention and rationale for approval.  Read more



[Tool]

Sample University Donor Recognition Policy

Courtesy of the University of Newcastle, Australia

Introduction
The University of Newcastle acknowledges the importance of recognizing the support provided by its many supporters and benefactors.  Read more



[Recommended Book]

Sarbanes-Oxley for Nonprofits: A Guide to Building Competitive Advantage

1
Average: 1 (3 votes)
By Peggy M. Jackson, DPA, CPCU & Toni E. Fogarty, Ph.D., MPH
Publisher's Description:
 

A complete guide to leveraging the power of Sarbanes-Oxley — specifically for nonprofits.

The first book to discuss the implications of Sarbanes-Oxley legislation as it relates to nonprofit organizations, Sarbanes-Oxley for Nonprofits is an essential guide for all nonprofit executives and boards who want to know how the new legislation can enhance their organization's mission.

By establishing a "platinum standard" of operations and governance within nonprofit organizations, executives and board members will be better equipped to attract high-quality staff and board members, as well as the attention of donors and other potential funding sources. Sarbanes-Oxley for Nonprofits presents the best practices that have emerged from the Public Company Accounting Reform and Investor Protection Act (Sarbanes-Oxley) in a manner that explains their source and value to the nonprofit organization.  Read more



[Recommended Book]

Starting and Managing a Nonprofit Organization: A Legal Guide

2.75
Average: 2.8 (4 votes)
By Bruce Hopkins
Everything you need to know in order to start a nonprofit and keep one on solid footing.

Publisher's Description:

For everyone from nonprofit novices to sophisticated directors of established organizations, this expert guide to nonprofit law provides all the critical information and know-how executives and other leaders need to succeed, thrive, and protect any nonprofit’s tax-exempt status. Written by Bruce Hopkins, the country’s leading legal authority in the field, this Fourth Edition of Starting and Managing a Nonprofit Organization: A Legal Guide covers the breadth of legal aspects of starting and operating a nonprofit organization. This latest edition’s revisions include updated material on changes in laws, rules, and regulations governing the nonprofit sector.  Read more



[Tutorial]

The Redesign Form 990: Advising Nonprofit Organizations

3
Average: 3 (6 votes)
By Bonnie M. Wyllie, Esq., LL.M.
Vice-President, LaPort Sehrt Romig Hand Tax Consulting Services
Previously published in the March 2009 issue of the "Journal of Accountancy"

Most nonprofit organizations are now reviewing their first redesigned IRS Form 990 and its many new information requirements designed to enhance transparency and accountability. CPAs with nonprofit clients now are seeing the pieces fit together with satisfaction or, if drawing together the information has been difficult, perhaps with some concern. Many small organizations may be in need of some quick pointers and suddenly need your help. The new form, unveiled in late 2007, must be used for tax years beginning in 2008 by nonprofit organizations required to file Form 990, Return of Organization Exempt from Income Tax.  Read more



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