Posts Tagged: Board

Will the Real Directors Please Stand Up

December 22, 2014 Posted by Jessica Shofler in Board, Director Duties, News, Nonprofits

There is a lot of confusion among nonprofits with regard to ex officio directors. Who are they and how are they different from other directors? The term ex officio comes from Latin and means “from the office.” Thus, an ex officio director is a member of the board because he or she holds a specific …

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Can Governance Affect Tax-Exempt Compliance?

May 15, 2012 Posted by The Law Firm for Non-Profits, P.C. in Board, IRS, News

Lois Lerner, director of the IRS’ exempt organizations division, says YES. Specifically, an IRS  study (albeit a small one) found that if your nonprofit follows these 4 governance practices, it is more likely to also comply with IRS tax rules: 1.    Have a written mission statement. 2.    Compare your nonprofit to other nonprofits when making …

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The Headline Test

August 6, 2010 Posted by The Law Firm for Non-Profits, P.C. in Policy

These days, every nonprofit seems concerned about conflicts of interest and appropriate conduct of its board members and staff. Hewlett-Packard, the giant computer maker, has a very simple “Standard of Business Conduct.” (http://bit.ly/lfnp78) It is simple: “Before I make a decision, I consider how it would look in a news story.” If your non-profit is …

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