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Leadership Training Opportunity for San Francisco Executive Directors |
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Are you an executive director of a nonprofit based in San Francisco who wants to improve your leadership and management skills? Enhance the capacity of your organization? Build collaborative relationships with other nonprofit leaders? If yes, LeaderSpring invites you to apply to a two-year, on-the-job Fellowship program. Information sessions are taking place in August and applications are due Friday, September 2nd, 2011. For more information, visit the LeaderSpring website.
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Insurance for Nonprofit Organizations |
We receive a lot of questions about insurance, so I want to
introduce you to an insurance specialist, Shanika Gunesekera to
address your questions and insurance needs. I find her to be a
person of integrity and truly interested in serving her clients.
Here is something she wrote to get you thinking about insurance
issues. She is also happy to answer your questions at her email or
telephone number below.
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Risk Management requires proactive planning to avoid or to limit
potential losses. Unfortunately, many non-profit organizations
consider buying insurance as simply a reaction to regulation and
outside requirement. However, losses do happen, and can vary from a
fire that destroys a building to a non-profit's Board of Directors
being sued. Some of these losses can be large and even threaten the
survival of a non-profit institution. The function of an insurance
program is to indemnify you and your non-profit in the event of an
insurable loss, and help the non-profit set up loss control
procedures to prevent costly accidents from ever happening.
As a non-profit organization, a few questions to consider are:
1)Volunteers are the backbone of most non-profit organizations.
Are they covered if they are hurt while volunteering?
2)Lawsuits against Board Members have been increasing at a
shocking rate. Does your organization have a substantial 'Directors
& Officers' (D&O) policy?
3)Has anyone from your organization been fired? Employment
practices claims are one of the most prevalent source of litigation
in the non-profit sector today. Does your organization have
adequate coverage?
4)Do employees who reconcile the monthly bank statements also
either sign checks or handle deposits ?
5)Do your employees use their own vehicles for work?
6)Does the public have access to fine art or internal premises,
where theft can take place due to inadequate security?
7)If your non-profit organization has several different
locations, are they all scheduled on the declaration?
8)If you provide a service such as counseling and medical/legal
advice, do you have sufficient Errors & Omissions or Malpractice
coverage?
9)Are you getting the best coverage for the most competitive price?
While insurance may not be at the top of most non-profit's list of
priorities it is important to make sure your non-profit is
sufficiently covered. A comprehensive insurance program will ensure
that in an event of an insurable loss your organization can get
back on its feet, with minimal delay, to continue the valuable work
that you do.
If you have questions about insurance for your non-profit, you can
speak with an insurance specialist, Shanika Gunesekera at
650-227-7227 or e-mail her at
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
. She can answer
your questions. |
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Revive Your 501c3 Status - for organizations that failed to file and whose 501c3 Status has been revoked |
DID YOU FAIL TO FILE A 990 RETURN FOR '07, '08, and '09? If so, you may have lost your status. Fortunately if you act quickly you may be able to save your tax exempt status. Read below and Call us at 800-928-4161 for further information on how we can get your status restored.
Normally we help nonprofits stay compliant or to get started and established as a 501c3. But since the IRS mass revocation announcement, we are already helping a few people recover their status. One youth athletic organization which owns a baseball field had turnover in their parent leadership and just stopped filing for three years. Another was just inactive and did not know about the rule change in 2006 that all exempt organizations must file. Both had their status revoked for not filing 990 returns for three years. Here is a recent announcement from the IRS, where you can research whether your nonprofit's status has been revoked:
The Internal Revenue Service today announced that it has released a listing of approximately 275,000 organizations that under the law have automatically lost their tax-exempt status because they have not filed annual reports as legally required for the past three years. If an organization appears on the list of auto-revoked organizations it is because IRS records indicate the organization has a filing requirement and has not filed the required returns or notices for 2007, 2008 and 2009.
The IRS has issued guidance on how organizations can apply for reinstatement of their tax-exempt status, including retroactive reinstatement. In addition, the IRS announced transition relief for certain smaller tax-exempt groups - those with annual gross receipts of $50,000 or less for 2010 and eligible to file Form 990-N, the e-Postcard. The relief allows eligible revoked groups to gain retroactive tax-exempt status and pay a reduced application fee of $100 rather than the typical $400 fee. More information, including FAQs and a Fact Sheet, can be found on the IRS website.
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We at the Nonprofit Legal Center wish you well with your endeavors, and I hope you are enjoying your summer.
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Client Profile: Global Grins, Inc. |
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Global Grins, Inc. "DELIVERING TOOTHBRUSHES AND SMILES WORLDWIDE"
Global Grins, Inc. is a 501(c)(3) nonprofit corporation organized to distribute toothbrushes, oral hygiene information and other oral care materials to as many impoverished persons around the world as possible, who may not otherwise have access to toothbrushes. They do this charitable work to improve the health of thousands of people around the globe, as many life threatening conditions including heart disease, stroke, pre-term babies and many other serious health problems are caused by poor oral hygiene.
During the spring of 2011, Global Grins, Inc. received a shipment of over 17,000 toothbrushes, and continues to ship dental hygiene supplies to various orphanages, clinics, schools, hospitals and shelters around the world. The organization ships directly to these organizations in need as well as to sending
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Dealing With Unexpected Medical Expenses |
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We get a lot of questions from people who have a family member or a friend who has an illness. Our heart goes out to those families and communities dealing with illnesses of all kinds. We appreciate that so many people want to help by holding fundraisers to help their loved ones with medical and living expenses.
Unfortunately, a 501c3 nonprofit organization needs to benefit an entire class of people rather than just a single individual. If you wish to start an organization to help many people living with cancer or other disease in your community, we're able to help. If you want to just focus on a particular individual, we recommend consulting with the hospital about the best route to go. Many have programs to help people help patients. Your bank can often advise you on the best accounts to set up for the funds raised.
Contributions to a nonprofit earmarked for a specific individual are allowed and appreciated, however these donations are not tax deductible. The donation is considered a gift to an individual and are not tax deductible. |
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The Nonprofit Legal Blog
