Understanding Form 990 for True Nonprofit Transparency
Nonprofit stakeholders include donors, board directors and trustees, but most importantly, the populations served by the nonprofit mission. Form 990 continues to be a top tool used by federal and state regulators, the media, and grant makers to assess whether nonprofits work effectively and efficiently to fulfill their qualified exempt purposes and serve the social good. In this Nonprofit Form 990 LIVE webcast, a panel of recognized professionals will share current insights and developments:
- How transparency demonstrates accountability to donors and regulators
- Highlights of an actual Form 990 and key 990 Schedules
- Typical differences between Form 990 and audited financial statements for a fiscal year
- Insights from real field examinations, desk audits, and emerging trends
- Live interactive Q&A session
Victor Chang, Partner
Ivins, Phillips & Barker, Chartered
- Introductory portion and overview of general topics
Tracy Green Landauer, Partner
Riker Danzig Scherer Hyland & Perretti LLP
- Safe harbor procedures for setting compensation—avoiding excess benefits
- Using Form 990 as both tax return and valuable public relations tool
- Traps for the start-up public charity
Emily Cummins, Director of Tax and Risk Management
National Rifle Association
- Nonprofit public disclosure requirements, spotlight on taxes paid
- 990 Schedule A, spotlight on public support test calculations
- 990 Schedule F, spotlight on alternative investments
Benjamin L. Grosz, Attorney
Ivins, Phillips & Barker, Chartered
- Donor’s Perspective – Peeking Under the Curtain Before a Major Gift
- Board Member’s Perspective – Why and How Form 990 Matters and What You Need to Know
- IRS Form 990 Trends – How the IRS Uses Form 990 to Drive Governance and Promote Nonprofit Transparency
Mu'min Islam, Managing Member
MFI Law Group
- Governance and Form 990
- Role of Independent Contractors vs Employees
- Understanding Conflict of Interests
Who Should Attend:
- In-House and Outside Counsel for Exempt Organizations
- Board Trustees and Directors
- Nonprofit Accounting and Tax Managers
- Donor Philanthropic Advisors
- And Other Interested/Related Professionals
Tracy Green Landauer is a partner in the Tax and Trusts & Estates Group of Riker Danzig Scherer Hyland & Perretti LLP, resident in the Firm’s New York Office. Tracy provides ongoing and special issue representation to private foundations and public charities including arts, health, educational, community, literary, research and trade organizations. Tracy’s start-up tax-exempt clients work with her to make tailored, strategic choices on issues of formation, exemption, board governance and policies, and organizational structures. She also helps clients successfully navigate IRS and state reporting requirements and audits; U.S. tax compliance issues in domestic and international grant-making; unrelated business income, prohibited transactions and operational issues; and compliance with state fundraising/solicitation requirements for print and electronic media. Tracy also provides personal estate planning, charitable gift planning and closely-held business succession planning to a broad range of individuals and families.
Tracy Green Landauer is a partner in the Tax and Trusts & Estates Group of Riker Danzig Scherer Hyland & …
Emily Cummins, CPA, is Director of Tax and Risk Management for the National Rifle Association, a membership association with five million members, four affiliated charities, and a political action committee. Emily has degrees from Wake Forest University, George Washington University, and George Mason University. Prior to her years in-house with the NRA, she worked for Wachovia (Wells Fargo) and Ernst & Young.
Emily Cummins, CPA, is Director of Tax and Risk Management for the National Rifle Association, a membership association with five …
Benjamin L. Grosz is an associate with Ivins, Phillips & Barker, where he advises clients on a broad range of federal income, estate and gift tax planning matters, as well as employee benefits issues. His estate planning practice consists of advising clients with regard to tax, gifting, charitable and estate planning strategies to help them efficiently and effectively achieve their charitable and family objectives, and then assisting in the implementation of clients’ plans using testamentary documents, trusts, charitable giving, intra-family loans and family business entities. Ben regularly drafts estate planning documents, including wills, financial powers of attorney, advance medical directives, and various trusts; he also has experience planning with retirement plan assets and life insurance, drafting buy-sell agreements, structuring settlements, administering estates, and with probate matters.
Ben represents private foundations, public charities, and other nonprofits (as well as individuals and other entities) before the IRS, and provides tax and legal compliance advice. He also advises boards of directors and the management of nonprofits and performs “legal health checkups” for tax-exempt organizations. Besides being a counselor to nonprofits, he has served as an officer or director for tax-exempt organizations.
Ben earned his B.A. from the University of Virginia (magna cum laude and elected Phi Beta Kappa), an Executive Certificate from Georgetown University, and his J.D. from the University of Virginia School of Law. He has spoken to the American Bar Association, the D.C. Bar, and the Tax Executives Institute, and has written about the charitable deduction tax rules for the Estates, Gifts and Trusts Journal.
Benjamin L. Grosz is an associate with Ivins, Phillips & Barker, where he advises clients on a broad range of …
Mu'min F. Islam is the Managing Member of MFI Law Group, PLLC and focuses his practice in the areas of General Corporate, Civil Rights and Real Estate
He attended Temple University’s Fox School of Business for his Undergraduate degree, Samford University for his Juris Doctorate and Georgetown University for his Masters in Law in Securities and Finance. Mr. Islam founded MFI Law after serving as an Associate in the Corporate and Securities group for a major Philadelphia law firm. Mr. Islam's practice involves the representation of business entities of various sizes. Advising clients on proper entity selection, solicitation and raising of capital, and employment agreements are key aspects of Mr. Islam's corporate practice.
Mr. Islam’s corporate practice also involves extensive representation of non-profit entities. Specifically, he represents more than 10 charter schools in Pennsylvania and Wisconsin, two of Philadelphia’s largest community development corporations, and several religious institutions. His representation of these non-profit entities includes corporate governance and board compliance, mergers and acquisitions, and creation/formation.
Mu’min is an adjunct professor at Temple University’s Fox School of Business and can be heard on 900 AM WURD, one Saturday a month answering legal questions.
Mu'min F. Islam is the Managing Member of MFI Law Group, PLLC and focuses his practice in the areas of …
Mr. Chang is a partner who practices in the firm's employee benefits and estate planning groups. Mr. Chang's estate planning practice focuses on tax-exempt organization and charitable giving issues. He provides tax advice to a number of the country's largest private family foundations as well as the corporate foundations of several Fortune 500 companies. He is also actively involved in the formation and legal compliance issues of public charities, museums, schools, trade associations, cemetery companies, donor advised funds, and charitable split interest trusts.
Mr. Chang regularly counsels nonprofit organizations on legal compliance matters that are critical to maintaining their tax-exempt status and mission. He handles often-sensitive public disclosure and tax reporting issues for all types of exempt organizations, including the annual review of dozens of IRS 990, 990-PF, 990-T and 5500 forms. He also counsels nonprofit boards on corporate governance matters, including the adoption of conflict of interest policies and audit committee charters. Over the years, Mr. Chang has obtained favorable IRS exemption letters and private letter rulings for dozens of nonprofit organizations.
Mr. Chang's employee benefits practice consists of advice to both taxable and tax-exempt employers on a wide range of matters, including welfare and retirement plan drafting, executive compensation, payroll and employment tax issues, and handling a variety of issues that arise in acquisitions and dispositions. His recent employee benefits clients include American Institutes for Research, General Electric, and the Smithsonian Institution.
Mr. Chang is a partner who practices in the firm's employee benefits and estate planning groups. Mr. Chang's estate planning …
Print and review course materials
Method of Presentation:
NASBA Field of Study:
NY Category of CLE Credit:
Areas of Professional Practice
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
National Rifle Association
About Riker Danzig Scherer Hyland & Perretti LLP
Riker Danzig Scherer Hyland & Perretti LLP has served the business community for over 130 years. Distinguished for its unparalleled representation of financial institutions since the founding of the firm, Riker Danzig has become a preeminent, full-service law firm. In addition to its two New Jersey offices in Morristown and Trenton, the firm has an office in Midtown Manhattan, serving clients in corporate law, tax and trusts and estates, and litigation. Riker Danzig serves as regional trial counsel and national defense counsel for some of the country's largest corporations in a wide variety of matters, while also representing many family-owned businesses and middle-market companies. The firm provides corporate counseling to numerous financial, commercial, manufacturing and service organizations and has highly-respected practices in tax, trusts and estates, corporate law, trial and appellate litigation, insurance, bankruptcy, governmental affairs, labor and employment, environmental law, and real estate.
About National Rifle Association
About Ivins, Phillips & Barker, Chartered
Ivins, Phillips & Barker, founded by two of the original judges on the United States Tax Court in 1935, is the leading law firm in the United States exclusively engaged in the practice of federal income tax, employee benefits and estate and gift tax law. The firm’s lawyers are nationally recognized to be among the best and brightest in the country. Our decades of focus on the intricacies of the Internal Revenue Code have led numerous Fortune 500 companies, as well as smaller companies, tax exempt organizations, and high net worth individuals to rely on the firm for answers to the most complicated and sophisticated tax planning problems as well as for complex tax litigation.
In the nonprofit arena, Ivins, Phillips & Barker represents charitable and other tax-exempt organizations on the full range of legal and operational issues that they confront – including the increasingly complex tax compliance challenges that have arisen as Congress and the IRS have focused their scrutiny on the nonprofit sector in recent years. The firm also advises private individuals on their planned giving strategies, helping them structure charitable gifts and bequests in the manner than most effectively implements their philanthropic goals and donor intent while maximizing the potential tax benefits.
About MFI Law Group
MFI Law Group is a full service law firm based in Philadelphia, Pennsylvania. Our general practice areas include Corporate, real estate, personal injury, civil litigation, and Civil Rights litigation.
MFI Law focuses on providing quality legal representation for injured victims throughout the Mid-Atlantic Region. Additionally, MFI provides legal representation for civil litigation, employee discrimination, securities litigation, and general corporate needs. With MFI on your side we protect your interests and goals providing guidance every step along the way.