Welcome
This blog is for and about entrepreneurs, small and mid-sized businesses, non-profit organizations, buyers and sellers of real estate, and more.
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*Why “MISSION LAW BLOG”?
It’s simple, a mission is defined as the pursuit of specific objectives undertaken by individuals or groups.
I practice Mission Law. That is, I use my legal experience and knowledge to assist groups and individuals pursue specific objectives.
What is your mission and how can I help?
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IRS Revokes Tax Exemption for 275,000 Organizations
The IRS issued a press release yesterday stating that “approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years” (see also Announcement 2011-35). The IRS published the names of the organizations on its website, organized by state. Small organizations (annual gross receipts of $50,000 or less for 2010) that were required but failed to file Form 990-N for three years can regain their tax-exempt status...
read morePersonal Liability for Non-Profit Board Members!
Pennsylvania State Senator Vincent J. Fumo was convicted of 137 felony counts including charges that he abused of Citizens Alliance for Better Neighborhoods, a Philadelphia charity that received $17 million from Peco Energy, a large utility company. Fumo obtained the payment for Citizens Alliance in exchange for favorable disposition of a regulatory matter. Meanwhile, according to the lawsuit filed against the Board Members, the Executive Director and Fumo lined their own pockets with goodies and the charity’s resources...
read moreWhat Do Charlie Sheen and Non-Profit Law Have in Common?
Q: What do Charlie Sheen and Non-Profit Law have in Common? A: Well, that’s an easy one. The laws and regulations related to the formation, tax exempt status, governance and compliance for a not for profit organization are not very forgiving. That, fortunately, and as far as I can tell, is where the similarities end. Nonprofits are governed initially by the corporate statutes and regulations of the jurisdiction (state) in which they are formed. They are also overseen, as a matter of statutory and common law, by the attorney...
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