1. Avoiding Conflicts Of Interest Within Your Nonprofit

Avoiding Conflicts Of Interest Within Your Nonprofit

Leading nonprofit attorney Nikki Semanchik will explain the best practices for using policies and annual disclosures to protect your organization from conflicts. You will learn how to navigate requirements for compensation, record keeping, and compliance.
Event ID: 2192655
Date: Tuesday, March 17, 2020, 1 PM Eastern
Duration: Scheduled for 90 minutes including question and answer period.
Presenter: Nikki Semanchik, Founding Attorney, Semanchik Law Group, Inc.
Credits: Certificate of Attendance

Avoiding Conflicts Of Interest Within Your Nonprofit

Nonprofit organizations often face issues of potential conflict of interest. Many of these conflicts are often financial while others potential conflicts may present a conflict of loyalty.

In this practical presentation, leading nonprofit attorney Nikki Semanchik will help nonprofit leaders understand what constitutes a conflict of interest and how to navigate these conflicts without jeopardizing the organization’s tax exempt status. The IRS strongly encourages nonprofit organizations to have a conflict of interest policy. We will discuss what should be included in the conflict of interest policy and how to draft and implement a policy for your organization. We will also discuss how to utilize the policy and annual disclosures to protect your organization from conflicts.

This presentation will also examine nonprofit compensation issues, any conflicts this may present and how to ensure nonprofit compensation meets IRS standards.

We will also discuss other types of internal policies that your organization should have in place to ensure proper governance, record keeping and compliance.

Just a sample of what this webinar will cover:

  • IRS conflict of interest regulations.
  • Potential conflict of interest issues that nonprofit face .
  • Important provisions that should be included in conflict of interest policies and examine sample policies.
  • Preparing and implementing a conflict of interest policy for your organization.
  • Conflict of interest issues dealing with nonprofit compensation.
  • IRS rules for nonprofit compensation and how to determine whether compensation is fair and reasonable .
  • The importance of whistleblower policies and when your organization should implement one.
  • Document retention policies.
  • Gift acceptance policies and why your organization may want to adopt this policy.
  • And much more!

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