By Jack B. Siegel
The way to hold any nonprofit out of difficulty, operating easily, and achieving its mission"Jack Siegel--lawyer, accountant, administration advisor, and desktop whiz--takes the putative director or officer of a nonprofit association on an invaluable and infrequently unique voyage during the realm of the tax-exempt firms universe, stating its quirks, foibles, and felony liabilities alongside the way in which. His guide will make mandatory--and arresting--reading should you are already serving as trustees, administrators, officials, and key staff of exempt corporations, really charitable ones. Siegel's aim, within which he succeeds, is to assist administrators and officials of nonprofit enterprises 'make larger decisions.' The booklet is filled with huge coverage analyses and paragraphs at the info, resembling board measurement, board committees, board assembly codecs, the contents of mins, and the tasks of officers.Salted with a few very good real-life examples, what additionally units this e-book except so much in its style is the tone: the writing kind, the brusqueness, the bluntness. He complains that too many administrators 'check their common sense on the boardroom door.' He advises people who 'desire contract and insist adulation' to stick off forums; he insists on 'commitment' and 'institutional rigidity' with the administrative director. He warns potential administrators that a few firms wish, as well as time and judgment, 'either your cash or your skill to elevate money.' To my satisfaction, he extols the virtues of 'some point of bills' for certified legal professionals and accountants.Please subscribe to me in including this such a lot precious guide in your nonprofit library."--Bruce R. Hopkins, lawyer at legislation, writer of The legislations of Tax-Exempt agencies, 8th version and beginning and coping with a Nonprofit association: A felony consultant, Fourth variation
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Additional resources for A Desktop Guide for Nonprofit Directors, Officers, and Advisors: Avoiding Trouble While Doing Good
Fm Page xxxii Tuesday, March 7, 2006 4:25 PM xxxii Foreword entanglements. The directors of the New York Stock Exchange,4 the Art Institute of Chicago,5 the United Way of the National Capital Area,6 American University,7 and a host of other marquee organizations have all come under the spotlight in recent years because of board decisions and practices. 8 The directors and officers of both for-profit and nonprofit organizations encounter similar governance issues and concerns, but make no mistake: nonprofit directors and officers face a unique environment.
11 SPAC fell short on building its endowment, relying too heavily on ticket sales. The auditors found no evidence of a planned giving program. SPAC had no investment or spending policy with respect to its endowment, limited as it was. 12 There may have been internal control deficiencies with respect to how large cash payments to some performers were made. 13 Board members did not receive advance notice that the decision involving the New York City Ballet was on the agenda. Not even half of the board members attended the meeting at which the decision was made to drop the ballet.
18. C. Shepard, United Way Head Resigns Over Spending Habits, WASH. POST, Feb. 28, 1992; and Aramony Convicted of Using Charity Money to Support Playboy Lifestyle, WASH. POST, Apr. 4, 1995. 19. C. Shepard, Perks, Privileges and Power in a Nonprofit World, WASH. POST, Feb. 16, 1992. 20. United States v. Aramony, 88 F3d 1369 (4th Cir. 1996); and United Way of America, Vacco v. , Aug. 7, 1998 (Sup. Ct. Y. County July 13, 1998). 21. J. Vitell and D. L. Davis, United Way's Breach of Trust, WASH. POST, Apr.
A Desktop Guide for Nonprofit Directors, Officers, and Advisors: Avoiding Trouble While Doing Good by Jack B. Siegel