Nonprofit Effective Governance: Emerging Issues in Form 990 Reporting and Compensation in 2016
Increasing economic pressures within the nonprofit sector have raised the stakes for reputation risks and legal challenges. As tax-exempt organizations, nonprofits are required to file federal Form 990 and multistate charitable solicitation registrations and renewals. In order to continue serving the public by fulfilling their primary tax-exempt purposes, nonprofits should regularly update their compliance approaches to stay current with the requirements of federal and state regulators.
In a two-hour LIVE Webcast, a seasoned panel of thought leaders, professionals and regulators assembled by The Knowledge Group will provide the audience with reporting and disclosure fundamentals as well as updates on effective nonprofit governance practices. Speakers will provide the audience with their expert thoughts and opinions on how to enhance their management approaches to ensure compliance with federal and state filing requirements.
Key topics include:
- Federal and State Statutory Framework
- Form 990 Reporting and Executive Compensation - Legal Primer
- Most Frequently Misinterpreted Sections of Form 990
- Latest Issues and Recommended Best Practices
- Emerging Risks
Emily Cummins, Managing Director of Tax and Risk Management
National Rifle Association
- Nonprofit public disclosure themes
- Spotlight on public support test calc (990 Schedule A)
- Spotlight on alternative investments (990 Schedule F)
- Spotlight on professional fundraisers (990Schedule G)
Edward B. Spinella, Stockholder
Reid and Riege, P.C.
- 101 Federal & State framework
- Most recent development – non-profits & LLC’s
Sandra Pace, Managing Director
Steven Hall & Partners
- Current trends and best practices in non-profit executive compensation and governance
- Establishing a good governance framework
- Steps you can take to ensure compensation is deemed reasonable and avoiding issues with the IRS
Mu'min Islam, Managing Member
MFI Law Group
- Understanding corporate policies and their implications on 990 (gift acceptance policy and whistleblower policy)
- The approval process of Form 990
- Understanding Donor restricted funds
- 501C3 and the Political Process
Who Should Attend:
- Attorneys for Nonprofit Organizations
- Accountants and Auditors of Nonprofit Organizations
- Nonprofit Executives and Leaders
- Nonprofit Board Members and Trustees
- Donors and Donor Advisors
Emily Cummins (CPA, CPCU, CISSP) is Managing Director of Tax and Risk Management for the National Rifle Association of America. Emily has degrees from Wake Forest University, George Washington University, and George Mason University. Prior to her ten years in-house with the NRA, she worked for Wachovia (Wells Fargo) and Ernst & Young. Emily is a member of the 2016 Board of Directors of RIMS, the global risk management society based in New York, and serves on the RIMS Audit Committee.
Emily Cummins (CPA, CPCU, CISSP) is Managing Director of Tax and Risk Management for the National Rifle Association of America. …
Edward B. Spinella is a member of the firm's Business Law and Nonprofit Organizations Practice Areas. His practice focuses on providing general counsel services to tax-exempt organizations and closely held businesses. Ed has cultivated a familiarity with the culture of tax-exempt organizations by regularly speaking to nonprofit executives, volunteer fiduciaries and advisors through various educational forums. He has also been an actively engaged member of the Connecticut Bar Association’s LLC Act Subcommittee and its anticipated overhaul of the Connecticut Limited Liability Company Act.
Edward B. Spinella is a member of the firm's Business Law and Nonprofit Organizations Practice Areas. His practice focuses on …
Sandra Pace, Managing Director, joined Steven Hall & Partners on its founding. She previously served for thirteen years as Vice President and Consultant at Pearl Meyer & Partners.
Ms. Pace advises clients at publicly and privately held companies and non-profit organizations. As leader of the Firm’s non-profit practice, Ms. Pace advises non-profit organizations on executive and trustee compensation and related corporate governance matters, with a particular focus on ensuring that compensation will motivate and retain critical executives and can be deemed reasonable.
Ms. Pace is a frequent author and speaker on topics related to executive compensation and governance matters for organizations such as WorldatWork, Global Equity Organization, National Association of Stock Plan Professionals, The National Association of Corporate Directors, Directorship, Philanthropy NYU and Compensationstandards.com.
A graduate of the City University of New York, Ms. Pace holds a degree in Industrial/Organizational Psychology.
Sandra Pace, Managing Director, joined Steven Hall & Partners on its founding. She previously served for thirteen years as Vice …
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 …
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National Rifle Association
About National Rifle Association
About Reid and Riege, P.C.
Founded in 1950, Reid and Riege, P.C., is a full service law firm providing legal counsel and representation to many of the region’s leading business and nonprofit organizations, financial institutions, corporations and individuals. The firm’s focus includes the following practice areas: commercial finance; corporations, limited liability companies and other business organizations; business succession planning; executive agreements and compensation; mergers and acquisitions; pension and other employee benefits; employment and personnel; environmental; health care; estate planning and estate settlement; executive and physician planning; fiduciary and probate litigation; fiduciary services; general litigation; insolvency and bankruptcy; multiemployer benefit plans; nonprofit organizations; real estate; and tax. Reid and Riege has principal offices in Hartford and New Haven.
About Steven Hall & Partners
Steven Hall & Partners is an independent compensation consulting firm, specializing exclusively in the areas of executive compensation, board remuneration and related corporate governance issues for both for-profit and non-profit organization.
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.