8:30 am Legal Fundamentals of Starting & Operating a Nonprofit
Brett C. Stohs, University of Nebraska College of Law
This session will provide a broad overview of the legal regimes that govern the formation and operation of nonprofit entities. This session will outline key state and federal laws that relate to forming a nonprofit corporation, obtaining and maintaining tax-exempt status, fundraising, and other issues of corporate governance and compliance.
9:30 am Legal, Ethical and Practical Responsibilities of Lawyers Serving on Nonprofit Boards
Terrence J. Ferguson, Fraser Stryker
Before agreeing to serve on a nonprofit board, it’s important to understand that the role comes with legal and ethical duties as well as potential liabilities. Learn what legal, financial, tax and governance documents to review and questions to ask before saying yes.
10:30 am Break
10:45 am Lawyers as Nonprofit Board Members - Legal Ethics Considerations
Jonathan R. Breuning, Baird Holm LLP
The Model Rules of Professional Conduct encourage public service, but also impose important responsibilities and limitations of which the lawyer-director must be mindful. This session will review the rules which impact a lawyer’s service as a director of a nonprofit organization, including the difference between serving as director only vs. serving in dual roles as both director and lawyer. Substantial time will be devoted to conflict of interest and confidentiality issues, as well as practical suggestions in your relationships with the organization’s management and fellow Board members.
11:45 pm Lunch (included with your registration)
|12:30 pm Top Reasons Why Nonprofits Get Investigated
Daniel Russell, Nebraska Attorney General’s Office
This session will explore the most common reasons nonprofits are investigated by the Attorney General’s Office. The program will detail legal requirements under both state and federal law, best practices, and enforcement mechanisms of which nonprofit directors, board members, and general counsel should be aware.
1:15 pm Break
1:30 pm What Board Members Need to Know About Nonprofit Finance & Accounting
Krystal L. Siebrandt, HBE, LLP
This session will outline what board members should focus on to meet their fiduciary duties in relation to finance and accounting oversight. Learn about the unique aspects of nonprofit financial reporting and about what you should look for during your review of financial reports. Also, take a dive into the reporting requirements of the IRS Form 990 to ensure the organization you serve is fulfilling its purpose as a tax exempt organization as defined by IRS code.
2:30 pm Best and Worst Practices of Nonprofit Boards and Board Members
Stephanie A. Mattoon, Baird Holm, LLP; Daniel Russell; Terrence J. Ferguson
This panel will build on earlier presentations with additional examples of the best and worst legal, compliance, financial, tax and administrative practices of board members and boards.
3:30 pm Adjourn