Book description
As the number and size of nonprofit organizations continues to grow,
NFPs are coming under ever-increasing government scrutiny. Soon Congress
will require that nonprofits comply with rigorous accounting and
governance standards very similar to those set forth for for-profits in
the Sarbanes-Oxley Act.
If you work for a nonprofit and are concerned about meeting impending
changes to tax and finance standards governing NFPs this book is for
you. In simple, straight-forward language, this guide demystifies the
often perplexing world of nonprofit governance in the age of
Sarbanes-Oxley. Author, Jill Gilbert Welytok, an attorney who heads
the Sarbanes-Oxley division of a major Midwest law firm, walks you
step-by-step through the process of evaluating your governance
structures. She arms you with tips and strategies for adopting uniform
standards under current governance and tax laws, while preparing you
for any upcoming changes. She shows you how to protect your tax status
and reassure donors and volunteers while staying true to your
organization's mission. And she fills you in on what you need to know to:
- Comply with state laws and regulations
- Get and keep tax-exempt status
- Avoid lawsuits and other legal landmines
- Handle the media
- Anticipate future trends
- Make sense of the Sarbanes-Oxley act
Including sample nonprofit bylaws and a complete audit committee
report, Nonprofit Law & Governance for Dummies, Second
Edition is an indispensable survival tool for 21st
century nonprofits.
Jill Gilbert Welytok, JD, CPA, LLM, practices in
the areas of corporate law, nonprofit law, and intellectual property.
She is the founder of Absolute Technology Law Group, LLC (www.
abtechlaw. com). She went to law school at DePaul University in
Chicago, where she was on the Law Review, and picked up a Masters
Degree in Computer Science from Marquette University in Wisconsin
where she now lives. Ms. Welytok also has an LLM in Taxation from
DePaul. She was formerly a tax consultant with the predecessor firm to
Ernst & Young. She frequently speaks on nonprofit, corporate
governance-taxation issues and will probably come to speak to your
company or organization if you invite her. You may e-mail her with
questions you have about Sarbanes-Oxley or anything else in this book
at jwelytok@abtechlaw. com. You can find updates to this book and
ongoing information about SOX developments at the author's website
located at www. abtechlaw. com.
Daniel S. Welytok, JD, LLM, is a partner in the business
practice group of Whyte Hirschboeck Dudek S. C., where he concentrates
in the areas of taxation and business law. Dan advises clients on
strategic planning, federal and state tax issues, transactional
matters, and employee benefits. He represents clients before the IRS
and state taxing authorities concerning audits, tax controversies, and
offers in compromise. He has served in various leadership roles in the
American Bar Association and as Great Lakes Area liaison with the IRS.
He can be reached at dsw@whdlaw. com.
