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The IRS completed a comprehensive redesign of IRS Form 990, which is used by public charities and other tax-exempt organizations to provide the IRS and the public with important governance and financial information about the organization. The new Form 990 significantly altered the way nonprofits conduct and account for their activities. Thomas K. Hyatt, Esq., Principal, Ober|Kaler, and Richard D. Legon, President, Association of Governing Boards of Universities and Colleges, discussed the impact of the new Form 990 requirements on governance issues for nonprofits. The event covered the following: - An overview of the dynamic legislative and regulatory environment for nonprofits
- An analysis of Senate Finance Committee and IRS initiatives on nonprofit governance
- A discussion of the heightened interest in nonprofit compensation and what directors need to do differently
- An extensive review and analysis of governance issues posed by the new IRS Form 990
- The coming IRS compliance check for colleges and universities, and what it means for directors and nonprofit executives
Recorded on June 26, 2008, this audio event is available on CD for purchase.
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