Insights
Publications

Nonprofit Basics: Document Retention Policies and Subpoenas, and a Conversation With Aviva Gilbert on Why Good Policies Matter

August 29, 2022 Podcast
EO Radio Show – Your Nonprofit Legal Resource

Welcome to EO Radio Show – Your Nonprofit Legal Resource. This Nonprofit Basics episode covers record retention policies, document destruction schedules, and why they matter. You may have noticed that the IRS Form 990, that's the information return for nonprofit organizations, specifically asks the filing organization if it has a document retention policy. It is buried at line 14 of Section B to Part 6 of the current 990. While there is no penalty imposed by the Internal Revenue Code for not having a document retention policy, not only is it good form to be able to indicate “Yes” on Form 990, but also having a formal written retention policy is certainly a best practice.

Resources:

Farella Nonprofit Educations Series Webinar: Investigations, Audits, Subpoenas, Oh My!

IRS Form 990

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

Charitable Contribution Substantiation Requirements and a Conversation About Art Appraisals With Sarah Vandeweerdt From Christie’s

Welcome to EO Radio Show – Your Nonprofit Legal Resource . In this episode, Cynthia Rowland will cover some federal Internal Revenue Code rules that charitable organizations and their donors need to know in order...

Read More
News

50 Farella Lawyers in 2023 The Best Lawyers in America® and the Best Lawyers: Ones to Watch in America™; 4 Lawyer of the Year Awards

Read More
Publication

Nonprofit Basics: Insurance Coverage for the New Nonprofit

Welcome to EO Radio Show – Your Nonprofit Legal Resource . Risk management for a nonprofit starts with good governance, effective management and appropriate policies for employment practices, conflicts of interest and financial management...

Read More
News

Chambers High Net Worth 2022 Ranks Farella Braun + Martel in Private Wealth Law

Farella Braun + Martel is pleased to announce that our Private Client Industry Group was again recognized in Chambers High Net Worth (HNW) as a leading practice in Private Wealth Law in Northern California...

Read More
Publication

A Deeper Dive Into Insurance Topics for Nonprofits: Special Events Coverage and Considerations When Making Claims

Welcome to EO Radio Show – Your Nonprofit Legal Resource . In this episode, I'm delighted to bring you Part 2 of a conversation I had with Melissa Dalske, Chief Experience Officer at Nonprofits...

Read More
News

Welcome to EO Radio Show - Your Nonprofit Legal Resource

Read More
News

Julie Treppa Elected Fellow of American College of Tax Counsel

Julie Treppa headshot
Read More
Publication

New California Bill Requires Employers to Offer Bereavement Leave

AB 1949 , a bill passed by the California legislature and awaiting Governor Newsom’s signature, would require California employers to offer five days of bereavement leave to employees each time they lose a spouse...

Read More
Publication

Basics of Impact Investing: A Conversation About Investment Policies and Evaluation Metrics For ESG Investors

Welcome to EO Radio Show – Your Nonprofit Legal Resource . In this episode, we address the fiduciary duty of a nonprofit board when setting its investment policies and how to think about impact...

Read More
Publication

California’s Pay Transparency Act (SB 1162) – Are You Prepared?

This week the California legislature passed a pay transparency act that – pending Governor Newsom’s signature – will require significant changes in how employers draft job postings and how they report pay data to...

Read More