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Starting a Nonprofit: Environmental as a 501(c)(3) Charitable Purpose
An environmental purpose is not one of the seven exempt purposes specified in Section 501(c)(3) of the Internal Revenue Code (the “Code”). However, many environmental organizations qualify for...
View Article10 Significant News Events of 2016
2016 has featured a number of major events that have affected, and will continue to affect, the nonprofit sector. Some might describe 2016 as a difficult year, featuring a long, turbulent election in...
View ArticleApplying for the California Property Tax Welfare Exemption: An Overview
Nonprofits exempt under 501(c)(3) of the Internal Revenue Code are not automatically exempt from property taxes. In California, depending upon ownership and use of the property, eligible nonprofit...
View ArticleConverting a For-Profit into a Nonprofit
Increasingly, for-profit corporations are expanding their goals beyond profit-maximization and pursuing social or charitable goals. For owners of some of these corporations whose sole focus becomes a...
View ArticleDuties of the Secretary of a Nonprofit Corporation
The secretary of a nonprofit organization plays a critical role in fostering communication and ensuring proper management and utilization of important organizational records. Generally, an...
View ArticleDuties of the Treasurer of a Nonprofit Corporation
A Treasurer is typically charged with overseeing the management and reporting of an organization’s finances. Generally, as with other officer positions, the specific duties of the Treasurer are stated...
View ArticleStarting a Nonprofit: Voting Membership Structure
The term “member” is a term of art defined in California Nonprofit Corporation Law (the “Law”). Generally, a member under the Law (sometimes referred to as a “statutory member” or “voting member”)...
View ArticleInternational Grantmaking: Equivalency Determinations
Private foundations in the United States are often interested in funding promising organizations and projects that are based outside of the country. When doing so, these foundations are required to...
View ArticleNational Network of Fiscal Sponsors Gathering 2017
The National Network of Fiscal Sponsors held its Annual Gathering in New Orleans on October 26 and 27. Approximately 120 leaders of fiscal sponsors and other professionals from across the country came...
View ArticleFiscal Sponsorship – Exit and Transfer of Assets
A fiscal sponsorship relationship may, at some point, come to an end. Whether the project leaders have found a new sponsor, created a new nonprofit entity with its own exempt status under 501(c)(3) of...
View Article10 Significant News Events of 2017
The past 12 months have featured many major events that have affected, and will have long-term implications for, the nonprofit sector. In January, women all over the world marched for gender, racial...
View ArticleUpdated Form 1023 – New User Fee
The IRS has released an updated Form 1023, revised December 2017. Form; Instructions. For organizations submitting the full Form 1023, the user fee is now $600. The instructions indicate that...
View ArticleNew Form 1024-A for 501(c)(4) Organizations
On January 16, 2018, the IRS released the final version of Form 1024-A, Application for Recognition of Exemption under Section 501(c)(4) of the Internal Revenue Code (“IRC”). While organizations that...
View ArticleUpdate: New Exemption Application Not Required When Organization Changes Its...
In the new Revenue Procedure 2018-15, effective for tax years beginning on or after January 1, 2018, the IRS has indicated that it will generally not require a new exemption application from a domestic...
View ArticleServing as the Chair of the Board
The chair of the board of directors (the “chair”) plays an extremely important role for a nonprofit organization. At the core of the chair’s duties, he or she generally presides over meetings of the...
View ArticleProtecting Your Nonprofit from Sexual Harassment
Sexual harassment has long been an epidemic whose immense scope we, as a society, have only recently recognized. No industry has been spared, as Hollywood, government, media, food, tech, and nonprofits...
View ArticleErin Bradrick Awarded Outstanding Young Lawyer Award by ABA
The American Bar Association Nonprofit Organizations Committee of the Business Law Section has announced the 2018 Outstanding Nonprofit Lawyer Award recipients. NEO Law Group is very proud to share...
View ArticleDiversity, Equity, and Inclusion in Nonprofit Bylaws
Nonprofits should be at the forefront of encompassing diversity, equity, and inclusion (“DEI”) into their governance and operations. While discussions regarding DEI are increasingly prevalent in the...
View Article10 Significant News Events of 2018
2018 has featured many major events that have affected, and will continue to affect, the nonprofit sector. On January 1, 2018, the Tax Cuts and Jobs Act, the most comprehensive overhaul of the U.S. tax...
View ArticleRebuttable Presumption of Reasonableness Procedures
The Rebuttable Presumption of Reasonableness procedures, described in Treasury Regulation Section 53.4958-6(a), were promulgated to help charities avoid overpaying certain individuals and entities...
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