Posts Tagged 'governance'

IRS Official: We’ll Oversee Nonprofit Governance

IRS Role in Nonprofit Governance Matters http://tinyurl.com/nz5qhd

Nonprofit Boards take note! The new Form 990 requires that substantial information and detail be given about board action, governance, and how nonprofit boards address certain issues of conflict, compensation, self-dealing, and so on. Much of this may, for the good, require nonprofits to conduct themselves more in conformity with state law, best practices, and as donors and the public expect.

On the other hand, a closer look by the IRS into these matters also portends a greater degree of control by a government that may not favor the mission or “politics” of the charity.

This is a discussion that nonprofit lawyers and charities alike should have.