A Primer on Advising Nonprofit Organizations Out of Stock
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May 2012
A Primer on Advising Nonprofit Organizations
Program Highlight:
- A Four-Subject Primer
- 2012 Tax Law Update
- Politics 2012: Shifting Sands-Politics & Non-Profits
- Employment Law
- Real Estate Law: An Overview for Tax Exempt Organizations
- Digital Information Compliance for Non-Profits
- Working with Volunteers
- Ethical Obligations of Attorneys
- Anatomy of Employee Embezzlement-Case Histories, District Attorney Involvement and Avoidance Techniques
Program Description:
As in recent years, this year's Institute includes a Day 1 Primer designed to introduce practitioners to more general aspects of the laws governing the formation and operation of nonprofit organizations, obtaining and retaining tax-exempt status, the distinctions between public charities and private foundations, and operational issues for tax-exempt organizations.
The Advanced Program will focus in depth on areas that are both timely and of longstanding interest – an annual update of recent federal and state tax law developments, working with volunteers, and the emerging issues of employment law that affect nonprofit organizations.
The Advanced Program will also concentrate on real estate issues unique to nonprofits and key considerations when dealing with a real estate transaction; the principal sources of digital information law affecting nonprofits, including compliance; politics in 2012 and easily overlooked pitfalls for 501(c)(3) organizations, ground rules when it comes to candidate-related activity and lobbying; ethical obligations of attorneys; and serving as nonprofit board members.
The Keynote Luncheon address will discuss how to deal with the district attorney when embezzlement has been discovered by the nonprofit entity.
Topics:
Organization of Nonprofit Entities
Nonprofit corporations in Colorado may be formed for “any lawful business or activity,” and the flexibility of Colorado's nonprofit corporation statute lends itself to structuring nonprofit corporations in ways that accommodate a wide diversity of circumstances. This session will begin with the mechanics of creating a nonprofit corporation and then proceed to consider many of the different ways in which they may be governed, including a discussion of the relative rights and responsibilities of members and directors. This session will also touch on important areas of compliance with the Colorado Revised Nonprofit Corporation Act.
Presented by:
Denise D. Hoffman, Esq.
Mastin Hoffman & Crews LLC
Greenwood Village, Colorado
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 varied 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) charity. 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), the relationship between its public benefit requirement and private inurement prohibition, and its restrictions on lobbying and political campaign involvement.
Presented by:
Cara G. Lawrence, Esq.
Heizer Paul Grueskin LLP
Denver, Colorado
Public Charities, Private Foundations, and Unrelated Business Taxable Income
This session will clarify the complexities of qualifying a Section 501(c)(3) organization as a public charity, as well as the consequences of its failure to establish or maintain that status and thus becoming classified as a private foundation. The second half of this presentation 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:
Samantha White, Esq.
Pendleton Friedberg Wilson & Hennessey P.C.
Denver, Colorado
Operational Issues for Tax-Exempt Organizations
After you have formed your nonprofit corporation and obtained tax exemption, there are a number of operational issues to remember to retain your tax exemption and keep your organization running smoothly. This session will give a brief overview of many of these operational issues, including the holding of board meetings, keeping meeting minutes, board policies, charitable solicitation registration rules, and Form 990 filing requirements.
Presented by:
John Valentine, Esq.
Davis Graham & Stubbs LLP
Denver, Colorado
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $199.00 USD
- Member Price $159.00 USD
- General Credits 4.00
- Ethics Credits
- EDI Credits