By Jack B. Siegel
The best way to hold any nonprofit out of difficulty, operating easily, and attaining its mission"Jack Siegel--lawyer, accountant, administration advisor, and laptop whiz--takes the putative director or officer of a nonprofit association on an invaluable and sometimes wonderful voyage through the realm of the tax-exempt companies universe, mentioning its quirks, foibles, and criminal liabilities alongside the best way. His guide will make mandatory--and arresting--reading in the event you are already serving as trustees, administrators, officials, and key staff of exempt organisations, quite charitable ones. Siegel's aim, within which he succeeds, is to assist administrators and officials of nonprofit organisations 'make greater decisions.' The ebook is filled with huge coverage analyses and paragraphs at the info, comparable to board dimension, board committees, board assembly codecs, the contents of mins, and the tasks of officers.Salted with a few very good real-life examples, what additionally units this booklet except such a lot in its style is the tone: the writing type, the brusqueness, the bluntness. He complains that too many administrators 'check their common sense on the boardroom door.' He advises people who 'desire contract and insist adulation' to stick off forums; he insists on 'commitment' and 'institutional pressure' with the administrative director. He warns potential administrators that a few companies wish, as well as time and judgment, 'either your funds or your skill to elevate money.' To my satisfaction, he extols the virtues of 'some point of charges' for certified legal professionals and accountants.Please subscribe to me in including this such a lot invaluable instruction manual on your nonprofit library."--Bruce R. Hopkins, legal professional at legislations, writer of The legislations of Tax-Exempt businesses, 8th version and beginning and coping with a Nonprofit association: A criminal advisor, Fourth variation
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Extra resources for A Desktop Guide for Nonprofit Directors, Officers, and Advisors: Avoiding Trouble While Doing Good
Even those who are already knowledgeable about certain topics covered in the Guide will undoubtedly have gaps in their knowledge that other parts of the Guide can fill. 4 GENERALITY OF COVERAGE Although the discussion of the federal income tax aspects of nonprofits will be applicable to nonprofits throughout the United States, the discussion regarding director and officer duties, corporate governance, operational risks, fundraising, and other matters governed by state law should be viewed as a general discussion with the understanding that the specific rules will vary from state to state.
23, 2004. The wording in the OPRHP, PRELIMINARY REPORT supra note 6, was ambigious. The comment did seem to be general in nature, but placed specific emphasis on the minutes for the meeting where the decision regarding the ballet was made. fm Page 5 Thursday, March 9, 2006 3:41 PM Ch. 11 SPAC fell short on building its endowment, relying too heavily on ticket sales. The auditors found no evidence of a planned giving program. SPAC had no investment or spending policy with respect to its endowment, limited as it was.
Surprisingly, the origins of this story are not in some state attorney general’s efforts to identify and correct board misdeeds but in the New York Office of Parks, Recreation, and Historic Preservation (OPRHP). 7 The New York City Ballet was one of the two principal resident companies participating in the series. On February 12, 2004, SPAC’s board of directors decided to terminate the ballet’s summer residency following the 2005 season. OPRHP recognized that the board’s decision was contrary to the entire rationale underlying the lease; consequently, it wanted some explanations.
A Desktop Guide for Nonprofit Directors, Officers, and Advisors: Avoiding Trouble While Doing Good by Jack B. Siegel