From selling cookies to collecting membership fees, we’ve recently seen increasing numbers of nonprofits moving towards earned income strategies in an effort to increase revenues and generate financial stability. In this webinar, we’ll discuss some of the legal considerations associated with launching an earned income venture.
We’ll begin by discussing some of the factors an organization should consider at the outset, including the duties of the Board of Directors, sufficiency of resources, mission-consistency, and potential tax implications. We’ll then discuss some of the tax considerations of an earned income venture, including what constitutes unrelated business taxable income, the application of the unrelated business income tax (UBIT), and some common exceptions and exclusions from UBIT, providing examples to illustrate these concepts. Finally, we’ll cover the more fundamental issue of when an unrelated business may have the potential to jeopardize a nonprofit’s tax-exempt status.
Please join Erin Bradrick, senior counsel at NEO Law Group, for a comprehensive review of what your nonprofit should be considering when embarking on an earned income endeavor.
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- A framework for determining whether an earned income venture may be right for your organization
- A basic understanding of what constitutes unrelated business income
- The general rules regarding applicability of UBIT
- Some common exceptions to UBIT
- An awareness of when an unrelated business may have the potential to place an organization’s exempt status in jeopardy
YOUR CONFERENCE LEADER
Your conference leader for “Nonprofits and Earned Income 101: Practical and Legal Considerations” is Erin Bradrick. Erin is senior counsel at NEO Law Group and a regular contributor to the Nonprofit Law Blog, The Nonprofit Quarterly, and the Daily Journal. Erin’s practice focuses on corporate, governance, charitable trust, and tax matters solely for nonprofit and exempt organizations. She has worked with many types of exempt entities, including public charities, private foundations, social welfare organizations, business leagues, social clubs, churches, and schools. Erin has experience working on a broad range of matters, including nonprofit formations, fiscal sponsorship, foreign and domestic grant making, earned income and the unrelated business income tax (UBIT), lobbying and advocacy activities, collective impact models, executive compensation and excess benefit transactions, donor advised funds, private benefit and private inurement matters, chapter and affiliation structures, mergers and acquisitions, and dissolutions. She also conducts trainings for nonprofit Boards of Directors on a range of governance issues and speaks on nonprofit legal issues to various audiences.
Prior to joining NEO Law Group, Erin was a litigation associate with Simpson Thacher & Bartlett LLP, where she worked on a number of complex commercial litigation matters. In addition, Erin clerked for the Honorable Dana M. Sabraw in the United States District Court for the Southern District of California. She also currently serves on the board of directors of the YWCA of San Francisco & Marin. Erin is a graduate of UCLA, summa cum laude in women’s studies and political science, and Yale Law School, where she was submissions director and symposium coordinator of the Yale Journal of Law and Feminism. She is admitted to practice law in the states of California and New York.
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CERTIFICATES OF PARTICIPATION
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