Friday, November 20, 2009

Updated IRS Form 990 Training

NONPROFIT GOVERNANCE & THE REVISED IRS FORM 990 - A SERIES OF FIVE WEBINARS DESIGNED TO HELP YOU FILL IN THE BLANKS.

Your organization’s Form 990 is one of your most important documents. It is the world’s window into your organization. The IRS, donors, funders and the press review your Form 990 to determine such information as:

-Do you have an independent board of directors overseeing your operations?
-Does your organization maintain high ethical standards and a culture of transparency for your donors, volunteers, clients and employees?
-How much of each donation does your organization pay its outside fundraisers and how much does it keep for its mission?
-Is your executive compensation in line with organizations in your area of similar size and with a similar mission?

In recent years the IRS has adopted a specific focus on nonprofit governance as part of its oversight of nonprofits exempt under Section 501(c)(3) of the Internal Revenue Code. The revised Form 990 requires nonprofits to describe in detail their governance practices, including such issues as how the nonprofits manage conflicts of interest and set executive compensation.

The five-part webinar series is designed to help you understand and comply with the new disclosure requirements. Each webinar in this series will discuss in-depth one of the new disclosure requirements. It will assist you in developing policies and procedures that will allow your organization to follow best practices and help inspire confidence in your funders and the general public that your organization is well run.

This series is designed for members of the board of directors and senior executives of nonprofits, as well as attorneys that counsel nonprofit organizations on governance matters.

The webinars are held once a month. They begin at 9 am and last approximately 60 minutes – and you never have to leave your office! Please feel free to forward this invitation to your nonprofit partners. For more details, please click here. To register, please click here.

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