As 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.
If you work for a nonprofit and are concerned about meeting
impending changes to tax and finance standards governing NFPs this
book is for you. In simple, straight-forward language, this guide
demystifies the often perplexing world of nonprofit governance in
the age of Sarbanes-Oxley. Author, Jill Gilbert Welytok, an
attorney who heads the Sarbanes-Oxley division of a major Midwest
law firm, walks you step-by-step through the process of evaluating
your governance structures. She arms you with tips and strategies
for adopting uniform standards under current governance and tax
laws, while preparing you for any upcoming changes. She shows you
how to protect your tax status and reassure donors and volunteers
while staying true to your organization's mission. And she fills
you in on what you need to know to: Comply with state laws and
regulationsGet and keep tax-exempt statusAvoid lawsuits and other
legal landminesHandle the mediaAnticipate future trendsMake sense
of the Sarbanes-Oxley act
Including sample nonprofit bylaws and a complete audit committee
report, "Nonprofit Law & Governance for Dummies, Second
Edition" is an indispensable survival tool for 21st century
nonprofits.
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