The New Age of Corporate Governance for Nonprofit Organizations Training Class

Course ID: 14400

The New Age of Corporate Governance for Nonprofit Organizations Training Seminar

Proactively Update Your Governance Structure

• Examine how the new corporate governance regulations may affect your organization.

• Ensure that officers and directors are fulfilling their duties and are aware of their responsibilities.

• Comply with IRS mandates governing nonprofits and make sure your operations can withstand the scrutiny of an audit.

• Protect your tax-exempt status by following the proper guidelines and criteria.

• Correctly handle joint ventures between nonprofit and for profit organizations.

• Stay above reproach - handle charitable solicitation and giving correctly.

• Take practical measures to minimize your exposure to liability.

On the surface, all the corporate scandals and subsequent regulations don't seem to have much to do with nonprofit organizations. This could soon be different as Congress is currently debating regulatory changes in the nonprofit arena and has already passed some legislation relating to charities. State legislatures have passed many of their own laws tightening the rules in virtually every operational area of these nonprofit operations. Many nonprofits have already adopted corporate governance provisions on their own in an effort to increase their compliance with the Sarbanes-Oxley Act and stay ahead of possible shifts in administrative requirements. How does your governance structure stack up? Are you ready for possible changes?

Make sure your administrative structure is up to par by joining us at this practical seminar. After attending, you'll know how proposed changes could potentially impact your organization. Make certain that directors and officers are fulfilling their duties of care and loyalty. Understand and comply with the changed requirements for vehicle donations and charitable tax shelters. Satisfy requirements governing annual reporting in order to avoid future noncompliance problems. Examine the legal and tax implications of joint ventures. Get a crucial update on charitable giving techniques and take a look at recent cases where such gifts have come into question. Create mission statements, policies and codes of conduct that can help your organization guard against liability. Don't miss this important program.


	Agenda
	THE IMPACT OF SARBANES-OXLEY AND RECENT DEVELOPMENTS Deborah Z. Read, 9:00 - 10:00 Sarbanes-Oxley and the Impact of Corporate Accounting Scandals on Nonprofits The Nonprofit Integrity Act of Ohio Congressional Hearings on Abuses in the Charitable Sector: How Proposed Changes May Impact Your Nonprofit Organization Nonprofit Developments in Ohio DUTIES AND LIABILITIES OF NONPROFIT DIRECTORS AND OFFICERS Leslie W. Jacobs, 10:00 - 10:30 Ensuring Compliance With the Duties of Care and Loyalty Legal Standards of Liability and Standing to Sue Business Judgment Rule and Statutory and Voluntary Protections PRACTICAL STEPS TO LIMIT LIABILITIES Leslie W. Jacobs, 10:45 - 12:00 Incorporating Provisions into Governing Documents Properly Handling Matters Involving Directors and Officers Structural and Operational Issues Establishing Mission Statements, Policies and Codes of Conduct IRS REQUIREMENTS AND INCREASED SCRUTINY John F. Shelley, 1:00 - 2:00 Compensation of Officers and Insiders Vehicle Donations Revised Form 1023 Charitable Tax Shelters Impermissible Charitable Deductions MAINTAINING TAX EXEMPT STATUS Edward G. Kramer, 2:00 - 3:00 Annual Reporting Requirements Dealing With Other Tax Returns Complying With Rules on Disclosures Revocation of Exempt Status; Retroactive Effect Appeal of Adverse IRS Determinations; Administrative Remedies JOINT VENTURES BETWEEN NONPROFIT AND FOR PROFIT ENTITIES Edward G. Kramer, 3:15 - 3:45 How Joint Ventures Can Benefit Nonprofit Organizations Legal and Tax Implications Avoiding Pitfalls: Tips for Ensuring Compliance in the Establishment and Management of a Joint Venture CHARITABLE SOLICITATION AND CHARITABLE GIVING TECHNIQUES Gerald B. Chattman, 3:45 - 4:30 Recent Cases of Interest Update on Charitable Giving Techniques Lifetime and Death Private Foundation Charitable Gift Annuity Pooled Income and Donor Advised Funds

Audience

This intermediate level seminar will provide accountants, CPAs, nonprofit organization owners, executives, managers and professionals with the information necessary to ensure proper corporate governance in today's changing world of nonprofit compliance. In-house counsel and attorneys representing the interests of these groups will also benefit from this timely information.