10 New Year’s Resolutions for Nonprofit Corporation Directors
Nonprofit Law Blog: 10 New Year’s Resolutions for Your Board
Exemption Organization User Fees Increase in 2010
Th IRS announced that user fees will increase for all applications for exemption (Forms 1023, 1024, and 1028) postmarked after January 3, 2010:
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$400 for organizations whose gross receipts are $10,000 or less annually over a 4-year period
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$850 for organizations whose gross receipts exceed $10,000 annually over a 4-year period
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$3,000 for group exemption letters.
A complete schedule of all user fees will be published in the annual procedure released in January 2010.
Cyber Assistant, a Web-based software program designed to help 501(c)(3) applicants prepare a complete and accurate Form 1023 application, will become available during 2010. Once the IRS announces the availability of Cyber Assistant, the user fees will change again:
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$200 for organizations using Cyber Assistant (regardless of size) to prepare their Form 1023
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$850 for all other organizations not using Cyber Assistant (regardless of size) to prepare their Form 1023.
IRS will announce when Cyber Assistant is available and the effective date of the user fee change. Subscribe to the EO Update to automatically receive an alert that Cyber Assistant is available.
Seinfeld Quotes are Warnings for Nonprofit Governance
The Nonprofit Law Blog has semi-famous quotes from the Jerry Sienfeld show and ties them into important nonprofit organization governance issues. The article covers a lot of important nonprofit governance ground.
Liability Protection for Directors and Officers of Arizona Nonprofit Corporations
CharityLawyer: “In the last decade or so, directors and officers have faced an increased exposure to personal liability. While the bulk of legal actions have been against directors and officers of for profit corporations, judgments against and settlements by directors and officers of nonprofit corporations are increasing. I am often approached by boards of public charities and private foundations to advise them on their exposure to personal liability. There are a number of protections that can be found in the organization’s own governing documents, the Arizona Revised Statutes, federal law, and if they have it, in the nonprofit’s own directors and officers insurance policy. Those protections are as follows:”
IRS Governance Check Sheet for Examining Public Charities
Public charities should review the December 2009 version of the IRS governance check sheet used by IRS agent when examining 501(c)(3) public charities. See the IRS’ guide sheet for Completing the check sheet.