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Nonprofit Ordered to Pay $1.4 Million
To Indemnify Committee Members
Court says Board violated bylaws in denying
reimbursement for settlement costs and legal fees
Full Article (free)
Former Exec Fails in Effort
To Take Over Nonprofit
Court denies standing to claim membership
when minutes are silent on the election
NCCUSL Postpones Recommendations
For Changes In UMIFA Rules
Drafting committee has another year
to try to resolve vexing issues
Ready Reference Page
IRS Proposes New Regulations To Clarify Basis
For Revocation of Exemption For Excess Benefits
Service will make judgment call based on
“all relevant facts and circumstances”
- Herman to talk on insurance at “This Year in Nonprofit Law”
- Kramer to run seminar at Penn Certificate Course
- Thursday with the Editor, October 13
To the Point
I am on the board of directors at a local 501(c)(3) amphitheater that hosts concerts during the summer months. The amphitheater is in financial trouble. If the organization should fold, can the Board members be held personally responsible for the debt owed?Answer (free)
Lessons from Litigation
Full
Article
- Disqualification of board member reduces vote requirement
- Court refuses to find successor liability
Tax Matters Full Article
- IRA rollover dropped from Katrina Relief
- IRS re-establishes leave donation program
Employment Law Full Article
- Improper transfer of funds justifies dismissal
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What our readers say about Nonprofit Issues
Once again you've tackled a tricky question and explained it so we all can understand the issue.--M.V.
Thank you for your informative and keen advice on nonprofit matters. I believe its a unique and concise place to get answers to this often wispy area called nonprofit. --R.T.
