Insights
Publications

Nonprofit Basics: Conflict of Interest Policies and Best Practices for Approving Insider Compensation

March 13, 2023 Podcast
EO Radio Show – Your Nonprofit Legal Resource

Welcome to EO Radio Show – Your Nonprofit Legal Resource. This episode is the second in a series discussing insider transactions. In episode 32, I gave a general overview of the federal laws regulating the transaction of business between a nonprofit and its insiders, which includes directors, trustees, certain executives, substantial contributors, and entities controlled by directors or substantial contributors and their family members.

Today, I take a deeper dive into conflict of interest policies and considerations relevant to deciding which insiders need to respond to the organization's annual conflict of interest diligence procedures. In a later episode, we'll look closely at compensation decisions in particular.

Resources:

IRS Resources on Rebuttable Presumption for Compensation

IRS form 4720 and Instructions

IRS Sample COI Policy

IRS Instructions for Form 1023 Exemption Application

EO Radio Show EP #5:Nonprofit Basics: Navigating the Complex Rules That Describe A Public Charity

EO Radio Show EP #21:Loot and Private Foundation Rules – Part 1

EO Radio Show EP #22:Loot and Private Foundation Rules - Part 2

EO Radio Show EP #32: Nonprofit Basics: Insider Transactions and Nonprofits – What’s the Big Deal?

If you have suggestions for topics you would like us to discuss, please email us at [email protected]

Additional episodes can be found at EORadioShowByFarella.com

DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

Firm Highlights

Publication

Nonprofit Tenants and Lease Agreements: Best Practices and Pitfalls to Avoid

Welcome to  EO Radio Show – Your Nonprofit Legal Resource . I'm Cynthia Rowland, and today, we are again lucky to have Farella real estate partner Quinn Arntsen with us to talk about leasing...

Read More
Publication

Impact of California Supreme Court Case on Director Enforcement Actions

Welcome to  EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and today I'm going to discuss some breaking news in the California nonprofit legal environment,  the California Supreme Court case, Turner...

Read More
News

Farella Lawyers Recognized in The Best Lawyers in America® 2024 Edition

Read More
Event

An Entertaining Look at International Philanthropy in the Netflix Film "Holiday in the Wild"

Join speakers Cynthia Rowland and Hons Yung for a fun look at clips from the Netflix movie Holiday in the Wild  and an engaging conversation about cross-border philanthropy and its immense importance to a...

Read More
Publication

Nonprofit Quick Tip: Registration in New York and New Jersey

Welcome to  EO Radio Show – Your Nonprofit Legal Resource.  I'm Cynthia Rowland, and this is the fifth in a series of quick tip episodes focusing on the details of state registration of nonprofit...

Read More
Publication

Real Estate Leasing Tips for Nonprofits

Welcome to  EO Radio Show – Your Nonprofit Legal Resource . I'm Cynthia Rowland, and today, we are lucky to have Farella real estate partner Quinn Arntsen with us to talk about leasing issues for...

Read More
Publication

Nonprofits’ Use of Artificial Intelligence Systems: Intellectual Property and Data Privacy Concerns

In today's rapidly changing technological landscape, artificial intelligence (AI) is making headlines and being discussed constantly. To be sure, AI provides a powerful tool to nonprofits in creating content and exploiting for countless cost-effective...

Read More
Publication

Nonprofit Basics: How To Withdraw a Foreign Charity From California Registration

Welcome to  EO Radio Show – Your Nonprofit Legal Resource. I'm Cynthia Rowland, and in today's episode, I'll touch on the steps necessary to withdraw the registration from the California Registry of Charitable Trusts...

Read More
News

Farella Braun + Martel Attorneys Named to 2023 Northern California Super Lawyers and Rising Stars

Thirty-eight Farella Braun + Martel lawyers were named to the Super Lawyers and Rising Stars lists of top attorneys in Northern California for 2023. 2023 Farella Northern California Super Lawyers: Carly Alameda – Business...

Read More
Publication

Quick Tip: State Filings in Massachusetts and Connecticut

Welcome to  EO Radio Show – Your Nonprofit Legal Resource.  I'm Cynthia Rowland, and episode 55 is the sixth in a series of Quick Tip episodes focusing on the details of state registration of...

Read More