Governance Issues

March 29th, 2017

As the IRS and state regulatory offices take more interest in how nonprofit organizations govern themselves, we can help with the following areas:

Board structure
Responsibilities and liabilities of Boards and Board members
Conflict of interest policies
Record keeping, including retention and destruction policies
Director and key employee compensation
Unrelated business income and the creation of related for profit entities
Program-related investments and L3Cs (Low profit Limited Liability Companies)
Avoiding excess benefit transactions
Staying compliant with IRS filing requirements (Forms 990, 990-EZ, 990-T, and 990-N)
Representation with the IRS including abatement of penalties
Reclassifying organizations with the IRS (e.g., from private foundation to public charity status, or from 509(a)(2) to 509(a)(1) status.
Providing legal opinions regarding changes in activities, proposed programs and transactions, and other matters
Fundraising filings
Compliance with fundraising regulations