A Primer on Advising Nonprofit Organizations Out of Stock
Co-sponsored by the Business and Taxation Law Sections of the CBA, the Colorado Nonprofit Associatio
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May 2015
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
Program Highlights:
- Formation and Governance of Nonprofit Entities presented by Hugh Jones, Esq., Charity Counsel
- Obtaining and Retaining Tax-Exempt Status presented by Becky Farr Seidel, Esq., Leaffer Law Group LLC
- Operational Issues for Tax-Exempt Organizations presented by John Valentine, Esq., Davis Graham & Stubbs LLP
- Taxation of Unrelated Business Income presented by Samantha White, Esq., Baker & Hostetler LLP
Program Description:
The 2015 Primer is 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, taxation of unrelated business income, the distinctions between nonprofit entities, and operational issues for tax-exempt organizations.
Agenda:
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.
Heizer | Paul LLP
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 proceed to 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
Boulder, Colorado
10:40 - 10:55 a.m.
Break
10:55 - 11:45 a.m.
Operational Issues for Tax-Exempt Organizations
Tax-exempt organizations deal with a number of operational issues. Some of these issues are similar to those dealt with by for-profit organizations. Other issues are unique to tax-exempt organizations. This session will discuss a few of such operational issues, including the annual return (Form 990) filing requirements and automatic revocation of exemption for failure to file, basic board governance issues, and charitable solicitation registration rules. An understanding of these topics will be important for a variety of tax-exempt organizations, including charities.
Presented by:
John R. Valentine, Esq.
Davis Graham & Stubbs LLP
Denver, Colorado
11:45 a.m. - 12:35 p.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:
Samantha White, Esq.
Baker & Hostetler LLP
Denver, Colorado
12:35 p.m.
Wrap-up: Questions and Answers
- CLE Pass Price *FREE! - exclusions may apply
- Standard Price $249.00 USD
- Member Price $209.00 USD
- General Credits 4.00
- Ethics Credits 0.00
- EDI Credits