Excess benefit transactions and 990s Nonprofits are required to report excess benefit transactions on Form 990. Is that enough, or are there other things an organization might do?
• How to comply with the ‘Intermediate Sanctions’ regulations Federal law and IRS regulations impose severe penalties on individuals who profit unduly from nonprofit organizations. This item explains what to do to avoid questions. • What Is the Sarbanes-Oxley Act and Why Should Nonprofits Care? Enacted in the wake of corporate scandals, ‘SOX’ sets new standards of accountability and board behavior. Strictly speaking, most apply only to publicly-traded corporations, but there’s more to it than that. • What to do if you suspect damaging activities at a nonprofit How to proceed if there are rumors or other signs of mismanagement, improper payments, insider self-dealing, conflict of interest, etc., involving a nonprofit organization.
Related Questions
- Excess benefit transactions and 990s Nonprofits are required to report excess benefit transactions on Form 990. Is that enough, or are there other things an organization might do?
- How will the redesigned form affect the way nonprofits report program services?
- How will this new form affect the way nonprofits report financial information?
