Duties of the Treasurer of a Nonprofit Corporation
Apr 5, 2017 · A Treasurer is typically charged with overseeing the management and reporting of an organization’s finances. Generally, as with other officer positions, the specific duties of the Treasurer are stated in an organization’s bylaws.
Duties of the President and/or Chair of the Board
Apr 5, 2017 · Who’s in charge? This is a commonly asked question when structuring the governance and management of a nonprofit corporation. Is it the president or chair of the board? Do nonprofits need to …
Nonprofit Directors and Officers – Not the Same Thing
May 14, 2019 · Many nonprofits fail to respect the differences between directors and officers. When an individual holds both the position of director (i.e., board member) and an officer position (e.g., chair of the board), we often see such individual elected for only the officer position.
Duties of the Secretary of a Nonprofit Corporation
Mar 8, 2017 · The secretary of a nonprofit organization plays a critical role in fostering communication and ensuring proper management and utilization of important organizational records. Generally, an organiza…
Important Considerations for your Nonprofit’s Gift Acceptance Policy
Jan 18, 2022 · While it may seem intuitive for a 501(c)(3) nonprofit to openly accept gifts without question, certain gifts can result in consequences that harm the nonprofit’s mission, drain its finances, and/or damage the nonprofit’s reputation.
Nonprofit Law Blog – By NEO Law Group
Jan 12, 2025 · Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Resources of the Week. Notable Nonprofit Posts, Articles, & Other Resources: Opinion: How Trump Could Target Nonprofits — and How to Protect Yours (Mike Berkowitz, Chronicle of Philanthropy) From Fixers to Builders (Trabian...
Can a Nonprofit Own a For-Profit? Can a For-Profit Own a …
Jun 22, 2019 · The quick and admittedly general answers (because there are exceptions) are: (1) yes, a nonprofit can own a for-profit; and (2) no, a for-profit cannot own a nonprofit, but it can select all of the nonprofit’s board members and thereby largely control the nonprofit.
7 Reasons to Review Your Bylaws Now – Nonprofit Law Blog
Jan 26, 2015 · The bylaws of a nonprofit corporation are the board’s internal rules and instruction manual for how the nonprofit is governed. It may be the nonprofit’s single most important document.
Starting a Nonprofit: What is “Religious” under 501(c)(3)?
Oct 19, 2012 · A “religious” purpose is one of the seven exempt purposes specified in Section 501(c)(3) of the Internal Revenue Code (the “Code”). However, unlike with the terms “charitable,” “educational,” and “scientific,” the term “religious” is not defined in the Treasury Regulations, in large part due to constitutional issues.
Contracts vs. Grant Agreements – Nonprofit Law Blog
Sep 22, 2021 · When a nonprofit organization receives funding, it’s important for it to know if it should classify those incoming funds as receipts from a contract, or receipts from a grant. How the funds a…