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Nonprofit Law

Wednesday, January 8, 2014

What does your nonprofit need to do to comply with the Nonprofit Revitalization Act? Part 2

We previously discussed 4 of the larger changes that the Nonprofit Revitalization Act makes.  In this post, we follow-up with 6 additional provisions every nonprofit should take into consideration.

Additional provisions:

1. Elimination of Types.

Rather than having the four “letter types” of not-for-profit corporations (Types A, B, C, and D) the law will be simplified to have two categories of nonprofits: charitable and non-charitable.


Read more . . .


Monday, January 6, 2014

What does your nonprofit need to do to comply with the Nonprofit Revitalization Act? Part 1

In sum, a nonprofit must (i) develop a conflict of interest policy or confirm that its current policy complies with the new regulations, (ii) develop a whistleblower policy, (iii) ensure that its financials meet the revised auditing requirements and (iv) ensure that it complies with the audit oversight policies.  


Read more . . .


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