September 2014

Five Things Nonprofits Should Know About: Compensation

Please note that the term "nonprofit" as used here specifically means entities holding 501(c)(3) status under the Internal Revenue Code. Deferred Compensation May Be Taxed Sooner. A for-profit organization, if it meets certain criteria, may generally esta…

July 2014

Five Things Nonprofits Should Know About: Mandatory Disclosure of Documents

Please note that the term "nonprofit" as used here specifically means entities holding 501(c)(3) status under the Internal Revenue Code. You Must Provide Certain Documents. Under Federal tax law, nonprofits must make certain documents available for public…

April 2014

Five Things Nonprofits Should Know About: Lobbying & Political Campaigns

Please note that the term "nonprofit" as used here specifically means entities holding 501(c)(3) status under the Internal Revenue Code. Why Political Campaign Activity is a Problem. 501(c)(3) entities are not allowed to participate in or intervene in any…

March 2014

Five Things Nonprofits Should Know About: Tax-Exempt Financing

Please note that the term "nonprofit" as used here specifically means entities holding 501(c)(3) status under the Internal Revenue Code. How it Works. "Tax-exempt bonds" are issued and sold by a governmental entity, the "issuer" (referred to in this type …

February 2014

Five Things Nonprofits Should Know About: Unrelated Business Taxable Income (“UBTI”)

Please note that, although the term "nonprofit" is generally used, here we are specifically discussing 501(c)(3) entities. What UBTI Is. UBTI generally means any income that an exempt organization earns through business that is unrelated to its tax-exempt…

January 2014

Sweeping Changes to New York Laws Affect Hinckley Allen’s Nonprofit Clients in All States

New York has enacted sweeping reforms of nonprofit corporate law, which could apply to nonprofit corporations ("nonprofits") organized, and operating, throughout the U.S. The New York Non-Profit Revitalization Act of 2013 ("NPRA"), signed into law by Gov. …