Wednesday, May 16, 2012 1:30-2:30 PM ET
Financially squeezed nonprofits often seek to generate new revenue through new business ventures. But such efforts can carry serious legal, as well as economic, risks. This webinar will explore the unrelated business income tax (“UBIT”), how to define it, how to avoid it, and how to deal with the consequences of having “too much” of it.
Nonprofit Issues® editor Don Kramer will present a program of particular interest to organizations that operate primarily with volunteer boards and little or no paid staff, including small community associations, kids’ sports leagues, booster clubs and other school-related activities, advocacy and educational groups, artistic and cultural organizations, animal rescues, social clubs and many others.
Kramer will discuss legal structures, board roles and responsibilities, financial controls, personal liability, insurance, fundraising, deduction issues, record keeping, grantmaking and required governmental filings.
Presented in conjunction with the Pennsylvania Association of Nonprofit Organizations.
This comprehensive handbook is an important resource for board members and nonprofit administrators and their professional counselors.
Most nonprofit organizations involve volunteers in governance, fundraising, and many forms of direct service delivery. Volunteers can offer many benefits to the organization, but can also raise significant legal issues. Volunteers are not inherently riskier than employees, but it is important to identify the critical legal issues that arise from volunteer participation, if it is not managed well.
