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A Desktop Guide for Nonprofit Directors, Officers, and Advisors: Avoiding Trouble While Doing Good

 
 
 
 
A Desktop Guide for Nonprofit Directors, Officers, and Advisors: Avoiding Trouble While Doing Good
Author: Jack B. Siegel
ISBN 13: 9780471768128
ISBN 10: 47176812
Edition: 1
Publisher: Wiley
Publication Date: 2006-04-28
Format: Hardcover
Pages: 744
List Price: $214.95
 
 

The first responsibility of nonprofit directors, officers, and managers is to make decisions that ensure that their organization's scarce resources are used in the most effective and efficient way possible to accomplish its mission. Failure to do so can be catastrophic, not only for the organization, but for the individuals responsible as well. When confronted, however, with the maze of complex regulations, shifting priorities, and remote but foreseeable risks that attend every nonprofit decision, how can anyone make such choices with confidence?

A Desktop Guide for Nonprofit Directors, Officers, and Advisors offers a comprehensive overview of the legal, accounting, and financial issues that nonprofit directors and managers must grapple with every day. It provides the solid foundation that decision makers need to ask the right questions, understand the answers, and determine the best possible course of action in any situation.

Author Jack Siegel explains the duties and responsibilities that come with the territory and shows readers how to read and analyze tax statements, obtain and maintain federal tax-exempt status, report and substantiate charitable contributions, and comply with state registration and reporting requirements, including Internet solicitation. Siegel also explores such issues as fundraising, pledges, and endowments; identifying and protecting against event and operational liabilities; director and officer indemnification and insurance; operational insurance; and risk management.

Other important topics covered include:

  • The effect of Sarbanes-Oxley reforms on nonprofit organizations
  • The GAO audit standards
  • Payments in lieu of taxes
  • Form 990
  • The intermediate sanctions
  • Evaluating an organization using a survey
  • And much more

Peppered with practical examples from a wide range of nonprofits, including social services agencies, schools, religious organizations, arts groups, museums, and foundations, A Desktop Guide for Nonprofit Directors, Officers, and Advisors is the ultimate resource for anyone who wants to make better decisions, avoid both organizational and personal liabilities, and ensure that the nonprofit organization delivers on its promises to donors and regulators alike.