How to Avoid Conflicts of Interest in Not-for-Profit Organizations

Gain a better understanding of how to identify, address, and avoid conflicts of interest.

This material will define and examine conflicts of interest, how to avoid conflicts of interest, and how to establish a conflict of interest policy. Additionally, the topic will discuss current government initiatives underway.

The goal of this material is to provide you with the foundation necessary to identify, address, and avoid conflicts of interest.

Learning Objectives:

This Live Webinar Covers These Hot Issues:

Overview

• Definition of Conflict of Interest
  
• Common Situations in Which Conflicts of Interest Occur
  
• Related Party Transactions
  
• Form 990 Disclosures

Motivation for Avoiding Conflicts of Interest

• Increased Scrutiny
  
• Exempt Organization Requirements – Legal and Tax
  
• Duty of Care
  
• Duty of Loyalty
  
• Intermediate Sanctions/Excess Benefit Transactions
  
• Private Inurement and Private Benefit Prohibition

Avoiding Conflicts of Interest

• Conflict of Interest Policy
  
• Purpose of Conflict of Interest Policy
  
• Components of Policy
  
• IRS Model Conflict of Interest Policy
  
• Evaluating Potential Conflicts
  
• General
  
• Compensation
  
• Interactions With Tax Preparer

Credit Information (Sponsored by Lorman Education Services):

• CLE
• CPE
• NASBA
• Enrolled Agents

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

Kendis Key Muscheid, Ballard Spahr LLP

• Partner with Ballard Spahr LLP
• Focuses practice on the representation of nonprofit, tax-exempt organizations, and donors making charitable gifts, assisting in all aspects of tax, corporate and regulatory matters
• Clients include a variety of 501(c)(3) and other tax-exempt organizations, such as private foundations, supporting organizations, universities, charter schools and research institutions, hospitals and their related foundations, religious entities, museums, social welfare organizations, trade associations, and groups dedicated to the arts
• Advises clients on the qualifications for tax exemption, conversions to and from tax-exempt status, obtaining and maintaining favorable tax treatment, reporting and government filings, and the creation and operation of supporting organizations
• Counsels organizations on nonprofit governance, advocacy issues, unrelated business income tax matters, endowment creation and management, restructuring multi-tier entities, raffles and sweepstakes, and issues involving charitable solicitations, mergers, and acquisitions
• Also represents clients during IRS audits and appeals processes
• Named in Best Lawyers in America, Nonprofit/Charities Law and Tax Law (2005-2017), and was voted Best Lawyers, "Lawyer of the Year" Non-Profit/Charities in both 2014 and 2017 in Phoenix, Arizona; has achieved the highest rating in the Martindale-Hubbell Law Directory and was the 2016 recipient of the Arizona Foundation for Women's Marilyn R. Seymann Award for her work in the nonprofit community
• Frequent speaker on topics in the area of tax-exempt organizations; she volunteers with a number of nonprofits in the community, and is a current Board member of UMOM New Day Centers
• Can be contacted at 602-798-5410 or MuscheidK@ballardspahr.com