Description
Book SynopsisAs the number and size of nonprofit organizations continues to grow, NFPs are coming under ever-increasing government scrutiny. Soon Congress will require that nonprofits comply with rigorous accounting and governance standards very similar to those set forth for for-profits in the Sarbanes-Oxley Act.
Table of ContentsForeword xix
Introduction 1
Part I: Nonprofits in the 21st Century 7
Chapter 1: Defining and Scrutinizing the Nonprofit Sector 9
Chapter 2: Regulating Nonprofits: Who’s in Charge? 21
Chapter 3: The State of the Nation’s Nonprofits 33
Part II: The Nuts and Bolts of Nonprofits 45
Chapter 4: Starting Up and Staying True to the Mission 47
Chapter 5: Getting Tax-Exempt Status 69
Chapter 6: Paying Nonprofit Directors, Officers, Staff, and Volunteers 87
Part III: Structuring a Nonprofit to Meet Its Mission 101
Chapter 7: Filing the Dreaded Form 990 103
Chapter 8: The Responsibilities of the Board 117
Chapter 9: Creating the Right Committee Structure 135
Chapter 10: All About Audit Committees 141
Part IV: Some Special Types of Nonprofits 151
Chapter 11: Forming a Solid Foundation 153
Chapter 12: Capitalizing on Cooperatives 165
Part V: Legal Landmines 179
Chapter 13: Existing in a World of Sarbanes-Oxley 181
Chapter 14: Some Sticky Accounting Issues That All Nonprofits Face 199
Chapter 15: Communicating Comfortably with the IRS 217
Part VI: The Part of Tens 227
Chapter 16: More Than Ten Web Sites Every Nonprofit Should Visit 229
Chapter 17: Ten Questions to Ask Before Agreeing to Join a Nonprofit Board 235
Chapter 18: Ten Ways to Lose Tax-Exempt Status 243
Chapter 19: Ten Tips for Dealing with the Media 249
Part VII: Appendixes 255
Appendix A: Sample Nonprofit Bylaws 257
Appendix B: Sample Audit Committee Report 261
Appendix C: State Regulatory Authorities for Nonprofits 263
Appendix D: Selections from the Revised Model Nonprofit Corporation Act (1987) 275
Index 325
