A Primer on Advising Nonprofit Organizations - Replay Denver
A Primer on Advising Nonprofit Organizations
Co-sponsored by the Business and Taxation Law Sections of the CBA, the Colorado Nonprofit Association, and the Colorado Society of Association Executives
The 2018 Primer is designed to introduce you to federal and state laws and regulations you must know to govern or advise nonprofit organizations. Learn best practices and strategies concerning governance, compliance, operation, tax-exempt status, taxation of unrelated business income, and reporting requirements.
PLUS, You Will Receive the NEW 2nd Edition of A Guide for Colorado Nonprofit Organizations. This Guide covers the legal aspects of forming nonprofit entities in Colorado, with specific chapters on the federal and state tax treatment of such entities, and avoiding the pitfalls of maintaining a nonprofit corporation’s tax exempt status. Written by more than 25 of Colorado’s top attorneys in this practice arena, many of the authors have included sample forms, tables, and references to on-line resources, which enhance the text. A comprehensive subject index directs you to the information you need to serve your clients. This book is your definitive Guide if you practice nonprofit law in Colorado.
The 27th Annual Institute takes a deeper dive into a variety of nonprofit legal issues. Your day starts out with learning how the largest tax reform since 1986, the Tax Cuts and Jobs Act of 2017, impacts nonprofit organizations. Immediately following, hear a CPA’s perspective on areas of focus for boards and exempt organizations with Form 990 disclosures. Those of you who sit on nonprofit Boards will want to take detailed notes during the ethics presentation, which wraps up the morning sessions. The lunchtime and afternoon presenters will walk you through immigration issues, member rights, board responsibilities and M&A for nonprofits, and include recent developments in their discussions.
Take Advantage of These Two Opportunities to Acquire, and Brush Up and Polish, Your Nonprofit Law Knowledge and Skills — Register Now!
Who should Attend:
- Attorneys Who Represent Nonprofit Organizations
- Key Representatives of Nonprofit Organizations, Including Board Members, Executive Directors, Chief Financial Officers, and Accountants
- Representatives of Governmental Agencies
- Attorneys and Other Professionals Who Want an Update on Important Nonprofit Law Issues
8:30 -8:55 a.m.
Registration & Continental Breakfast
8:55 – 9:00 a.m.
Welcoming Remarks and Introduction of Primer Moderator
Cara Lawrence, Esq., Tierney Lawrence LLC, Denver, Colorado
9:00 - 9:50 a.m.
Formation and Governance of Nonprofit Corporations
This session will begin with the mechanics of creating a nonprofit corporation in Colorado and then consider many of the different ways in which such corporations may be governed, including a discussion of the relative rights and responsibilities of members, directors, and officers. This session will also touch on important areas of compliance with the Colorado Revised Nonprofit Corporation Act.
Presented by: Hugh Jones, Esq., Charity Counsel, Colorado Springs, Colorado
9:50 - 10:40 a.m.
Obtaining and Retaining Tax-Exempt Status
This session will provide a basic introduction to the tax law applicable to organizations described in Section 501(c) of the Internal Revenue Code. It will begin with an overview of the different categories of tax-exempt organizations, including social welfare organizations, trade associations, and social clubs, and will then focus on the requirements for qualifying and operating as a Section 501(c)(3) organization. In that regard, this presentation will explore the types of activities that can be considered to fall within the scope of Section 501(c)(3), including charitable, educational and scientific activities; the relationship between its public benefit requirement and private inurement prohibition; and its restrictions on lobbying and political campaign involvement. It also will touch on the differences between public charities and private foundations, and differences between Section 501(c)(3) organizations and other Section 501(c) organizations with respect to activities like lobbying.
Presented by: Becky Farr Seidel, Esq., Leaffer Law Group LLC, Denver, Colorado
10:40 - 10:55 a.m.
10:55 - 11:45 a.m.
Taxation of Unrelated Business Income
Tax-exempt organizations are subject to tax on income from activities that are unrelated to their exempt purposes. This can include income from fundraising activities that the tax-exempt organization conducts regularly to further its exempt activities. This session will explore the taxation of unrelated business taxable income, with a special emphasis on how to recognize which activities may generate taxable income and strategies for avoiding or minimizing it.
Presented by: Daniela Ronchetti, Esq., Tuthill & Hughes LLP, Denver, Colorado
11:45 a.m. - 12:35 p.m.
Operational Issues for Tax-Exempt Organizations
Your organization is formed and your tax-exemption is secured - now what? Successfully running a tax-exempt organization requires more than just passion; it requires a working knowledge about key state and federal laws governing the organization’s operations. This session will introduce legal counsel and practitioners to the most significant operational compliance issues for tax-exempt organizations, including requirements for the annual tax return (Form 990), state business and charitable solicitation filings, corporate record keeping, charitable contribution disclosures and substantiation, conflict of interest transactions, fundraising, grant making, and more.
Presented by: Kimberly Barr Rutt, Esq., K.B. Rutt Law PLLC, Longmont, Colorado
Interactive Discussion, Questions and Answers, and Wrap Up
Members of the Faculty
CBA-CLE Small ClassroomGet directions
1900 Grant Street, Suite 300
Denver, CO 80203
1900 Grant Street, Suite 300
Denver, CO 80203
|CBA Business Law Section Member||$279.00|
|CBA Taxation Law Section Member||$279.00|
|CLE ELITE Pass Holder||$239.00|
|Colorado Nonprofit Association Member||$279.00|
|Colorado Society of Association Executives Member||$279.00|
|New Lawyer Edge Member||$239.00|