Jan 15, 2018 | Nonprofits
Not-for-profit board officers, directors, trustees and key employees have a duty to avoid conflicts of interest. Any direct or indirect financial interest in a transaction or arrangement that might benefit one of these individuals personally could result in the loss...
Jul 31, 2017 | Nonprofits
Not-for-profits that ignore the IRS’s private benefit and private inurement provisions do so at their own peril. These rules prohibit an individual inside or outside a nonprofit from reaping an excess benefit from the organization’s transactions. Violation of such...
Jun 29, 2017 | Nonprofits
Information is power. And regularly supplying information to your not-for-profit’s board of directors is the key to the board properly fulfilling its duties. This doesn’t mean you have to share every internal email or phone message. Board members should, however,...