If a nonprofit corporation dissolves and transfers/donates its net remaining assets to another charity, do the board members of the dissolving nonprofit get a tax deduction for the transfer/donation?
I oversee a high demand fundraiser for our 501(c)(3) charitable organization that sells out weeks in advance every year. My committee wants our museum to auction off four tickets to the highest bidder after the event sells out. I think it is disingenuous and unethical for a nonprofit to auction its own fundraiser tickets. Am I overthinking this?
There is no reference to having an executive director in our bylaws. Our executive director is an independent contractor. Can she sign any legal documents on behalf of the corporation? Should legal counsel be sending her any legal documents for the corporation?
Our small 501(c)(3) nonprofit rural food bank has always opened our board meetings with prayer. At the last meeting our executive director (an appointed volunteer position) said we were in violation of our tax-exempt status by doing that. She also stated that we could no longer provide any religious guidance to our clientele on food issue days. Is she right?
Our Gem & Mineral Club initiated a president-elect position in 2008. The membership approved it and for two administrations all was fine. This last election a group of "unhappy members" presented a floor nomination for president. On the day of the election it was explained that there could not be a vote for president because he was voted in the previous year. This group is crying foul, saying that "they didn't know what president-elect meant" and the election was skewed because the definition wasn't given at the time of the nomination. Is there any merit to the complaint and is ignorance of the rules valid?
Our small 501(c)(3) nonprofit organization holds an annual free public event with the dual purpose of drawing in new members and raising funds for another charity. Attendance is usually spilt about 50/50 between club members and the general public. We raise funds through a silent auction and a raffle of donated items. We usually use $1000 of club funds for some advertising but mainly to pay for entertainment, and we raise 2-3 times that amount to donate to the other charity. A board member is telling us that we can no longer do this because it is a form of private inurement. He believes we are not allowed to spend any money if it has any direct benefit to our members. Is he right?
If my 501(c)(3) charitable organization has had a close working relationship with another nonprofit for a number of years, but now finds out that they have a history of theft and embezzlement, is it best for my group to cut all ties with the other group? Can the "affiliation" have bad legal repercussions on my group if we don't?