A Desktop Guide for Nonprofit Directors, Officers, and Advisors: Avoiding Trouble While Doing Good
How to keep any nonprofit out of trouble, running smoothly, and accomplishing its mission
"Jack Siegel--lawyer, accountant, management consultant, and computer whiz--takes the putative director or officer of a nonprofit organization on a useful and often entertaining voyage throughout the realm of the tax-exempt organizations universe, pointing out its quirks, foibles, and legal liabilities along the way. His handbook will make mandatory--and arresting--reading for those who are already serving as trustees, directors, officers, and key employees of exempt organizations, particularly charitable ones. Siegel's goal, in which he succeeds, is to help directors and officers of nonprofit organizations 'make better decisions.' The book is full of large policy analyses and paragraphs on the details, such as board size, board committees, board meeting formats, the contents of minutes, and the duties of officers.
Salted with some excellent real-life examples, what also sets this book apart from most in its genre is the tone: the writing style, the brusqueness, the bluntness. He complains that too many directors 'check their good judgment at the boardroom door.' He advises individuals who 'desire agreement and demand adulation' to stay off boards; he insists on 'commitment' and 'institutional tension' with the executive director. He warns prospective directors that some organizations want, in addition to time and judgment, 'either your money or your ability to raise money.' To my delight, he extols the virtues of 'some level of expenditures' for qualified lawyers and accountants.
Please join me in adding this most helpful handbook to your nonprofit library."
--Bruce R. Hopkins, Attorney at Law, author of The Law of Tax-Exempt Organizations, Eighth Edition and Starting and Managing a Nonprofit Organization: A Legal Guide, Fourth Edition
What people are saying - Write a review
We haven't found any reviews in the usual places.
Chapter 4 LEGAL DUTIES AND OBLIGATIONS
Chapter 5 FINANCIAL STATEMENTS INTERNAL CONTROLS AND SARBANESOXLEY
Chapter 6 FEDERAL TAX EXEMPTION
Chapter 7 TAX ASPECTS OF CHARITABLE GIVING
Chapter 8 OTHER BENEFITS
Chapter 9 REGISTRATION AND REPORTING BY CHARITABLE ORGANIZATIONS
Chapter 10 FUNDRAISING PLEDGES GIFT POLICIES AND RESTRICTED GIFTS
Chapter 11 AVOIDING OPERATIONAL LIABILITIES
Chapter 12 RISK SHIFTING INDEMNIFICATION AND INSURANCE
Chapter 13 EVALUATING YOUR ORGANIZATION
A FINAL THOUGHT
Other editions - View all
accounting activities applicable assets attorney audit committee beneﬁt board members bylaws cash Chapter charitable contribution charitable organization Charity Navigator claim compensation conﬂicts consider contract costs court coverage decision deduction deﬁned difﬁcult directors and ofﬁcers documents donor duties employee employment endowment entity example excise tax exempt expenses Farm Aid federal ﬁle ﬁnance ﬁnancial statements ﬁnd ﬁrm ﬁrst focus fundraising funds gift grant grant money income indemniﬁcation intermediate sanctions internal Internal Revenue Code INTERNAL REVENUE SERVICE investment involved issues lawsuit liability limitations membership ment million MILWAUKEE museum nonproﬁt ofﬁce operations organiza organization’s payments percent person pledge private foundation procedures proﬁt prohibited purposes qualiﬁed question receive reﬂect regulations restricted revenue rules Section self-dealing Sierra Club signiﬁcant solicitation speciﬁc standard statutes supra note tax-exempt tion transaction Treas trust volunteer