When the IRS examines a 501(c)(3) application, one of the major issues they are looking for is any potential conflict that exists. This conflict of interest could exist between the nonprofit organization and its board members, directors, trustees, or key employees. In my experience working with clients who are applying for their 501(c)(3) status, I …
Tag Archive: board of directors
Apr
12
Forming Your Board of Directors
So you have a good idea and you are thinking about starting a non profit organization but do not really know where to go from here… One very important part of starting a non profit organization would be assembling your organizations’ initial Board of Directors. It is these individuals who are going to be making …
Apr
01
Avoid Conflicts of Interest in the Nonprofit Sector
On a day to day basis I have dealings with a variety of nonprofit organizations, and have discovered one pressing issue that seems to be faced by all organizations, startup and established, big and small-conflicts of interest. Because conflicts of interest can be a serious threat to both an organization′s reputation and their exempt status, …
