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New York Not-for-Profit Corporations: A Primer on Formation and Governance

New York Not-for-Profit Corporations: A Primer on Formation and Governance

New York Not-for-Profit Corporations_675

Navigating the federal and state landscapes regulating and restricting charitable entities is a complex endeavor. This program will focus on federal and state regulations pertaining to not-for-profit corporations and governance issues relating to those entities. We will cover the following topics:

I. FORMATION

A. Selecting the Type of Charitable Organization:  

• Private Foundations (Non-Operating), Private Operating Foundations and Public Charities

• Comparison of 501(c)(4) and 501(c)(6) organizations 

• When is a 501(c)(4) preferable

• Other tax exemption applications you may need to make (property tax exemptions and PILOTS)

• Revocation of tax-exempt status: how is it triggered and how can it be fixed

B. Achieving and Maintaining Federal Tax Exempt Status: Applying for Federal Tax Exemption – the Form 1023; federal reporting requirements – the Form 990

C. New York Registration and Reporting Requirements. Form CHAR410, Form CHAR410-A, Form CHAR410-R

II. GOVERNANCE

A. Use of Endowment Funds

B. Selection of Auditors

C. Investment Policies

D. Whistleblower Provisions

E. Compensation of Officers

F. Excess Benefit Transactions

Start Date:
  • May 23, 2023
Start Time:
  • 12:00 PM
End Time:
  • 1:00 PM
Areas Of Professional Practice Credit(s):
  • 1.0
Total Credit(s):
  • 1.0
Region:
  • Virtual Participation
Format:
  • Webinar
Product Code:
  • 0MY71
Section Member Price: $40.00
NYSBA Member Price: $50.00 Join (or renew) for special member pricing
Non-Member Price: $100.00
Sponsoring Committee Group
  • Committee on Continuing Legal Education
  • Not-for-Profit Corporations Law Committee
  • Business Law Section