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Nonprofit Law YOU Want to Know

Nonprofit Law YOU Want to Know

Nonprofit Law YOU Want to Know

We regularly feature answers to questions from readers in our “Your Legal Questions Answered” column. The full list can be viewed on the site . Must board report embezzlement? If a board of directors of a 501(c)(3) nonprofit corporation were to come to know that the executive director had been making personal and therefore impermissible charges on the organization’s credit card, would the Board be obligated to report this to anyone? Let’s assume the total amount is under $10,000 and the board has recovered nearly all of the money from the individual. And the ED in question is no longer at the organization. Is the board required to report embezzlement and to whom? —From the Website. This...

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