Legal Compliance and Ethics
MEMBER EXCLUSIVE RESOURCE Nonprofits should periodically conduct an internal review of the organization’s compliance with known existing legal, regulatory, and financial reporting requirements, and should provide a summary of the results to the board of directors. This Checklist covers several main areas, including: Requirements for tax exemption Requirements for corporate startup in Maryland Requirements related […]
MEMBER EXCLUSIVE BENEFIT Because nonprofits serve important public purposes, nonprofit organizations are granted exemption from most federal, state, and local taxes, and donors are granted a tax deduction for contributions to 501(c)(3) charities. All nonprofits should comply with both the letter and the spirit of federal and state laws, which require disclosure of certain information […]
MEMBER EXCLUSIVE BENEFIT Nonprofits serve a wide range of individuals, populations, and communities, all with unique characteristics and backgrounds. In all cases, individuals served should be treated with respect in a manner that is free from exploitation. Nonprofits should have policies in place that protect the confidentiality of personal information and have grievance procedures in […]
MEMBER EXCLUSIVE BENEFIT A conflict of interest exists when a board member, officer, or management employee has a personal interest that is in conflict with the interests of the organization, such that he or she may be influenced by this personal interest when making a decision for the organization. Nonprofits should have a written conflict […]
