Guidebook for Directors of Nonprofit Corporations, Fourth Edition

(Paperback)

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The Guidebook is a valuable reference for directors of nonprofit corporations in the U.S.--from the smallest corporation operating at a local or even neighborhood level to the largest nonprofit corporation across the U.S. and internationally. The book provides general legal principles as they apply to nonprofit corporations and offers useful and practical suggestions and checklists. Written by leading lawyers in the nonprofit industry, the guide assists directors of nonprofits on how they perform their duties and provides an overall understanding of their role to the corporations they serve.

This fourth edition reflects issues that affect directors of nonprofit corporations today. While the issues are unchanged from what they were in previous editions, they reflect today's realities and legal developments. The Guidebook also identifies developing trends and legal issues that are likely to affect nonprofit corporations and their directors in the future.

This updated edition includes:

• The nonprofit corporation and its directors: what they do, how they do it, and for whom
• The corporation's purpose and how it affects the directors
• Duties and rights of nonprofit directors
• The committees and advisory bodies
• Officers and the standards of conduct
• Taxation: qualifying for tax exempt status, reporting requirements, and more
• Employees and volunteers
• Mergers, sales of assets, affiliations
• Director liability risk
• Legal environment of a nonprofit
• And much more!

Author Bio

Serves as a resource for nonprofit lawyers on issues affecting nonprofit organizations in a rapidly changing legal and regulatory environment and monitors and updates the Model Nonprofit Corporation Act. Lisa A. Runquist, Attorney at Law, is located in Northridge, California. She has over 40 years of experience representing nonprofit organizations and has been rated AV Preeminent (highest rating given by Martindale-Hubbell) for over 30 years. She is the first winner of the Outstanding Lawyer Award, a Nonprofit Lawyers Award presented by ABA Business Law Section, and in 2010 became the first person to win both the Outstanding Lawyer Award, and the Vanguard Award for lifetime achievement. She has authored and edited numerous publications on nonprofit and religious organizations, including Guide to Representing Religious Organizations, 2009, The ABCs of Nonprofits, 2nd edition, 2015, El ABC de las Organizaciones Sin Fines de Lucro, 2016, and editor of Nonprofit Resources, 2007. She is a member and former chair of the State Bar of California Nonprofit Organizations Committee; a member of ABA-Tax Law Section Exempt Organizations Committee and chair/former chair of several of its subcommittees; a member and former chair of the ABA-BLS Committee on Nonprofit Corporations and various subcommittees; and former member of the Corporate Laws Committee. She is the ABA-BLS Liaison to the ALI Restatement of the Law Charitable Nonprofit Organizations. She was the ABA Advisor to the ULC Committee to Amend the Uniform Unincorporated Association Act (finalized in 2008), and to the ULC Drafting Committee on the Uniform Protection of Charitable Assets Act (finalized in 2011). She was appointed by the Evangelical Council for Financial Accountability to serve on the Commission on Accountability and Policy for Religious Organizations, Panel of Legal Experts which provided input to Congress on major accountability and policy issues affecting religious and nonprofit organizations, and is an Editorial Advisor for ChurchLawAndTax.com. She is an adjunct professor of law at Trinity Law School, and an adjunct faculty member of Shiloh University. Willard L. Boyd III is a shareholder with the Des Moines law firm of Nyemaster Goode, P.C., where he practices in the firm's business, corporate, and banking department. Bills practice involves the representation of various types of business organizations, including nonprofit organizations, health care organizations and financial services organizations. He is a past chair of the Nonprofit Organizations Committee and the State and Local Bar Relations Committee of the ABA Business Law Section. Bill also is active in the Iowa State Bar Association and chaired the committee that drafted Iowa's current nonprofit corporation statute. Bill is the co-editor of Guidebook for Directors of Nonprofit Corporations (ABA 2012). He is the editor of Nonprofit Law: A Practical Guide to Legal Issues to Nonprofit Organizations (ABA 2017). He received his B.A. from the University of Michigan and his J.D. from the University of Iowa College of Law.