Sarah Hall Ingram, June 2010: Good Nonprofit Corporate Governance a Major Focus of IRS

The original of this is gone but there’s a cached copy. It might be interesting reading given the time period.

Sarah Hall Ingram, …

“Where an organization has adopted good …
www.pbpatl.org, 11 June 2010 [cached]

Link below:

Although no section of the Internal Revenue Code sets out specific requirements for how tax-exempt organizations are to be governed, the subject of good nonprofit corporate governance has become a strong focus of the IRS in recent years.  The most obvious evidence of the IRS’ emphasis on good nonprofit corporate governance is the new Form 990.  Formerly a fairly simple data reporting form, the new and much more extensive Form 990 includes 28 governance-related questions.

The IRS sees a natural relationship between governance and compliance with tax laws. “Where an organization has adopted good governance practices, we can reasonably expect that it poses less of a risk that it will misuse its tax-exempt status or its charitable assets than does an organization that has not adopted such principles,” said Sarah Ingram, the new IRS Commissioner of Tax Exempt and Government Entities in a recent speech.

ZoomInfo Cached Page.

The post Sarah Hall Ingram, June 2010: Good Nonprofit Corporate Governance a Major Focus of IRS appeared first on Riehl World News.