Transcription of Nonprofit Board of Directors - New York City
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Nonprofit Board of Directors - New York City
Nonprofit Board of Directors :The Legal Basis for Good GovernanceFocusing On:The inter-related State and Federal laws which underlie the creation and structure of nonprofits as well as the basic legal requirements for good governance. NB - Nonprofits are a regulated industry Corporate StructureNY Tax Exempt NonprofitsCreated, Structured and Governed by:1. Not-for-Profit Corporation Law (NPCL)Creation & Structure- Certificate of Incorporation Governance & Procedures By-laws2. Federal Internal Revenue Code (IRC)Basic requirements for being tax exempt Not-for-ProfitCorporationsNew york State (NPCL)1.
Not-for-Profit Corporations New York State (NPCL) 1. Creation, Structure & Change NPCL sets forth NY’s requirements on:-permissions & procedures to create a nonprofit- certificate of incorporation - specific content
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