Guidebook for Boards of Directors of Massachusetts Nonprofits

Essential tool for board compliance and accountability

Product Number: 2050183EBK
Publication Date: 8/25/2022
Edition: 3rd Edition 2022
Copyright: © 2022 MCLE, Inc.
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Guidebook for Boards of Directors of Massachusetts Nonprofits

Essential tool for board compliance and accountability

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Pricing: $45.00; Members: $40.50; New Lawyers: $22.50

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Product Description
Product Description

Designed as an essential resource to assist nonprofit board members in fulfilling their roles, the Guidebook for Boards of Directors of Massachusetts Nonprofits is filled with best practices, case scenarios and sound advice. It is a useful tool for avoiding liability; governing ethically and carrying out the mission of nonprofit organizations. Beginning with an in-depth review of the nature of a nonprofit and the documents necessary to its corporate existence and governance, the Guidebook goes on to explain how nonprofit board members are selected; who can (and should) serve; the functions of the board; the potential for board member liability; and the nature and enforcement of board members' fiduciary duties. Featured is a clear explanation of the basics of tax exemption that every board member must know; including state and local exemptions and disclosure requirements for tax-exempt entities.

Recent updates:
- Update: August 2022
  Dear Subscriber:
  
  Thank you for choosing to keep current regarding the governance of not-for-profit entities by choosing this 2022 edition of the Guidebook for Boards of Massachusetts Nonprofits . Among the new material included in this edition of the Guidebook are the following topics:
  - The power to amend bylaws in a membership corporation. See chapter 1 for practical tips, which also address the instance where the articles of organization provide the board with a concurrent power to amend.
  - Conflicts of interest. See chapter 2 for an updated Practice Note addressing requirements for minutes where a board member has a conflict of interest with respect to a matter under consideration.
  - Tax exemption. See chapter 4 for new material regarding applying for an exemption under Section 501(c)(3), including the specific forms that must be submitted online through the IRS's electronic filing website.
  - Private foundations. Chapter 4 lists updated restrictions and taxes applicable to private foundations.
  - Private benefit; private inurement. Chapter 4 also discusses the definition of a â€œdisqualified person,â€� i.e., any person who is currently or was at any time during the five-year period ending on the date of the excess benefit transaction in a position to exercise substantial influence over the affairs of the organization.
  - Exemptions from local property tax. See chapter 4 for tips on how to apply for an exemption on local property taxes, what applications are necessary, and where to file. Different preferences of municipalities are noted.
  We at MCLE trust that you will find this new material useful in your law practice, and valuable in keeping your law library up to date.
  
  Cordially,
  
  Maryanne G. Jensen, Esq., MCLE Director of Publications
Table of Contents

Table of Contents
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Chapter 1 expand

The Nonprofit Corporation—A Primer
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Elka T. Sachs, Esq., Krokidas & Bluestein LLP

Chapter 2 expand

The Nonprofit Board—Some Essentials
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Elka T. Sachs, Esq., Krokidas & Bluestein LLP

Chapter 3 expand

The Duties and Liabilities of Nonprofit Board Members
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Elka T. Sachs, Esq., Krokidas & Bluestein LLP

Chapter 4 expand

Tax Exemptions for Nonprofits
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Elka T. Sachs, Esq., Krokidas & Bluestein LLP

Appendix

Additional Sources of Information
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Editors & Authors

Editor(s)

Elka T. Sachs, Esq., Krokidas & Bluestein LLP, Boston

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Guidebook for Boards of Directors of Massachusetts Nonprofits

Essential tool for board compliance and accountability

Guidebook for Boards of Directors of Massachusetts Nonprofits

Essential tool for board compliance and accountability

Choose Format:

Product Description

Recent updates:

Table of Contents

The Nonprofit Corporation—A Primer

The Nonprofit Board—Some Essentials

The Duties and Liabilities of Nonprofit Board Members

Tax Exemptions for Nonprofits

Additional Sources of Information

Editor(s)