10 Significant News Events of 2019

2019 began in the middle of the longest government shutdown in history, the ramifications of which were felt within the nonprofit sector for months thereafter. Youth advocates continued to demonstrate their power and influence, with Greta Thunberg and many other young people gaining national attention and recognition for their climate activism. We witnessed nonprofits struggle […]

Rebuttable Presumption of Reasonableness Procedures

The Rebuttable Presumption of Reasonableness procedures, described in Treasury Regulation Section 53.4958-6(a), were promulgated to help charities avoid overpaying certain individuals and entities (known as disqualified persons) that might be able to exercise influence on the charity’s decision-making. Among those included as disqualified persons (DQPs) are: Directors (board members), trustees, presidents, CEOs, COOs, treasurers, CFOs, […]

10 Significant News Events of 2018

2018 has featured many major events that have affected, and will continue to affect, the nonprofit sector. On January 1, 2018, the Tax Cuts and Jobs Act, the most comprehensive overhaul of the U.S. tax code in over 30 years, went into effect, leaving nonprofits with many unanswered questions about how to comply. Youth advocates […]

Diversity, Equity, and Inclusion in Nonprofit Bylaws

Nonprofits should be at the forefront of encompassing diversity, equity, and inclusion (“DEI”) into their governance and operations. While discussions regarding DEI are increasingly prevalent in the nonprofit sector, the next, more difficult, step forward is to turn the discussions into action. How do we, as part of the nonprofit community dedicated to the benefit […]

Erin Bradrick Awarded Outstanding Young Lawyer Award by ABA

The American Bar Association Nonprofit Organizations Committee of the Business Law Section has announced the 2018 Outstanding Nonprofit Lawyer Award recipients.  NEO Law Group is very proud to share that Erin was awarded the Outstanding Young Lawyer Award for distinguished service by a young attorney in the nonprofit sector. Congratulations, Erin! From the press release: Erin Bradrick is […]

Protecting Your Nonprofit from Sexual Harassment

Sexual harassment has long been an epidemic whose immense scope we, as a society, have only recently recognized. No industry has been spared, as Hollywood, government, media, food, tech, and nonprofits have struggled, and continue to struggle, with sexual and other harassment scandals. Harassment in the workplace harms more than its direct victims. For nonprofits, […]

Serving as the Chair of the Board

The chair of the board of directors (the “chair”) plays an extremely important role for a nonprofit organization. At the core of the chair’s duties, he or she generally presides over meetings of the board, collaborating with the chief executive to create a purposeful agenda and to set priorities, and helping to ensure sound and […]

Update: New Exemption Application Not Required When Organization Changes Its Form or State of Incorporation

In the new Revenue Procedure 2018-15, effective for tax years beginning on or after January 1, 2018, the IRS has indicated that it will generally not require a new exemption application from a domestic Internal Revenue Code (“IRC”) Section 501(c) organization that changes its form or place of organization. Under prior guidance (Rev. Ruls. 67-390 […]

New Form 1024-A for 501(c)(4) Organizations

On January 16, 2018, the IRS released the final version of Form 1024-A, Application for Recognition of Exemption under Section 501(c)(4) of the Internal Revenue Code (“IRC”). While organizations that believe they are properly classified as a 501(c)(4) organization may self-declare their tax exempt status, organizations that choose to apply for IRC Section 501(c)(4) exemption […]

Updated Form 1023 and Form 1023-EZ

Form 1023 The IRS has released an updated Form 1023, revised December 2017. Form; Instructions. For organizations submitting the full Form 1023, the user fee is now $600. The instructions indicate that organizations should refer to Rev. Proc. 2017-5, 2017-1 I.R.B. 230, or a later revision for updates to user fees, which are revised in […]