Top 10 Nonprofit Governance Mistakes
Failing to Understand Fiduciary Duties. When you volunteer to serve as a director or officer of a nonprofit, you accept the responsibility to act with the duties of good faith, due care and loyalty....
View ArticleLobbying – Yes You Can!
A common misconception among nonprofits is that they can’t lobby. In reality, this restriction applies only to private foundations, not public charities. Public charities are explicitly permitted to...
View ArticleLessons to be Learned From the Arizona Fiesta Bowl
Could one man really do that much damage to an Arizona institution as high profile and important as the Fiesta Bowl? More likely, the nonprofit scandal of the year was a group effort fueled by a...
View ArticleYes Virginia, Nonprofit Directors Really Can be Held Liable for An Insolvent...
When serving as a director or an officer of a nonprofit organization, a director’s duties shall be discharged: (i) in good faith; (ii) with the care an ordinarily prudent person in a like position...
View ArticleIRS Study Indicates Good Nonprofit Governance Leads to Better Tax Compliance
The IRS has released preliminary results from their study of tax-exempt organizations’ governance practices. As expected, the preliminary findings suggest […] The post IRS Study Indicates Good...
View ArticleReporting Diversions of Nonprofit Assets
The Washington Post has identified over 1,000 nonprofit organizations that have reported a “significant diversion” of assets. Its important to note that there are over 1,616,000 tax-exempt nonprofits...
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