Starting and Managing a Nonprofit Organization: A Legal Guide (Wiley Nonprofit Law, Finance and Management Series) (Paperback)

by Bruce R. Hopkins (Author) "One of the most striking features of life as we enter the third millennium is the awesome sweep of reforms around the world..." (more)
Key Phrases: unrelated income rules, entity leasing rules, substantial return benefit, Clean Up America, United States, Supreme Court (more...)

Editorial Reviews

Product Description
THE ESSENTIAL RESOURCE FOR NONPROFIT SUCCESS

Whether you’re a nonprofit novice or the director of an established organization, this must-have guide to nonprofit law contains all the information you need to succeed, thrive, and protect your nonprofit’s tax-exempt status. Written by Bruce Hopkins, one of the country’s leading legal authorities in the field, this Third Edition of Starting and Managing a Nonprofit Organization: A Legal Guide covers virtually every legal aspect of starting and operating a nonprofit organization, and has been revised and expanded to include updated information on changes in laws, rules, and regulations governing the nonprofit sector. Here you will find:

• Practical guidance on the rules and regulations governing nonprofit organizations, including corporate, tax, and fund-raising law applications and implications
• Up-to-date information on reporting revenue, private benefits, personal liability, charitable giving rules, employee compensation, lobbying, and for-profit subsidiaries
• A hypothetical case study that provides a vivid example of how to organize and qualify a nonprofit organization
• Coverage of the universe of public and private nonprofits, including advocacy, membership, social, recreational, and satellite organizations, as well as employee benefit funds
• Checklists and a glossary of legal terms for fail-safe compliance and step-by-step procedures

Written by a lawyer for non-lawyers, this easy-to-read book is an invaluable resource for nonprofit executives and managers, fund-raising professionals, trustees, consultants, committed volunteers, and anyone involved in the complex, rewarding world of nonprofit organizations.

From the Back Cover

Essential guidance for everyone involvedwith a nonprofit organization

Now fully updated and revised, Starting and Managing a Nonprofit Organization: A Legal Guide is written for everyone, from those new to the nonprofit world to veteran directors of well-recognized organizations. This expert guide equips you with all the critical information and know-how you will need to succeed, thrive, and protect your nonprofit's tax-exempt status, and avoid the many law traps that are out there.

Written by Bruce Hopkins, the country's leading legal authority in the field, this Fifth Edition of Starting and Managing a Nonprofit Organization: A Legal Guide covers the vast range of legal aspects involved in starting and operating a nonprofit organization. This latest edition's revisions include updates?to areas that have changed dramatically in the wake of new laws, such as:

• Corporate governance principles

• Compensation issues

• Private benefit doctrine

• Political campaign activity

• The new Form 990

• Policies and procedures

• IRS audit activity

Filled with practical guidance on the rules and regulations governing nonprofit organizations, including corporate, tax, and fundraising law applications and implications, the Fifth Edition contains invaluable checklists, step-by-step guidance to procedures, and a glossary of legal terms for fail-safe compliance. Written by a lawyer for nonlawyers, this easy-to-read book is a must-have resource for nonprofit executives and managers, fundraising professionals, trustees, consultants, committed volunteers, and anyone involved in the complex, rewarding realm of non-profit organizations. --This text refers to the Paperback edition.

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Product Details

• Paperback: 368 pages
• Publisher: Wiley; 3rd edition (December 8, 2000)
• Language: English
• ISBN-10: 047139727X
• ISBN-13: 978-0471397274
• Product Dimensions: 9.1 x 6 x 1 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.2 out of 5 stars See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #718,118 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

38 of 39 people found the following review helpful:

5.0 out of 5 stars A Rosetta Stone for legally-challenged nonprofit trustees, April 29, 2004

By	David J. Coughlin (Thousand Oaks, CA USA) - See all my reviews

I will begin with two disclaimers: I do not work for nor have any affiliation with the publisher, John Wiley & Sons, Inc (I am not a "corporate shill"). Notwithstanding that I would consider it an honor, I do not know nor have I ever met the author.

As an independent consultant providing philanthropic and nonprofit investment management consulting to the trustees of personal, fiduciary and institutional trusts, it is critical that I have expert resources available to provide timely and cutting-edge advisory.

I read voluminously, and my experience is simply this: in the world of nonprofit legal advisory, there is Hopkins, and everybody else.

I believe that success in any field of professional advisory is founded on specialization. This is another outstanding work by the pre-eminent legal expert specializing in advising charitable and educational organizations, associations, colleges, universities, hospitals, religious organizations, associations, and private foundations.

"Starting and Managing ..." is an essential resource in my nonprofit library; I recommend it to my clients as a "Rosetta stone" for translating the Byzantine intricacies of the Internal Revenue Code into a summary of the laws that affect the operation of nonprofit organizations.

If you have questions related to the establishment and qualification for tax exemption of nonprofit organizations, the establishment and operation of charitable fund-raising programs, and advice on matters such as public charity/private foundation qualification, the unrelated business income rules, and the involvement of nonprofits in partnerships and other joint ventures ... and need answers in non-legalese, rest easy: you have found your resource.
_____

1 My "due diligence" research on the author yielded the following: Hopkins is author of eight books (three of which are annually supplemented): The Law of Tax-Exempt Organizations (6th ed. 1992); The Legal Answer Book for Nonprofit Organizations (1996); The Nonprofit Law Dictionary (1994); A Legal Guide to Starting and Managing a Non-Profit Organization (2d ed. 1994); The Tax Law of Charitable Giving (1993); Charity, Advocacy, and the Law (1992); The Law of Fund-Raising (2d ed. 1996) (winner in the first edition of the first annual National Society of Fund Raising Executives/Staley/Robeson/Ryan/St. Lawrence Research Award); and Charity Under Siege: Government Regulation of Fund-Raising (1980) (which was selected by the NSFRE as one of the 25 books most favorably affecting fund-raising). He is co-author of a book titled The Law of Tax-Exempt Healthcare Organizations (1995). He writes a monthly newsletter titled 'The Nonprofit Counsel" and a bimonthly newsletter titled 'The Fund-Raising Regulation Report." John Wiley & Sons, Inc., New York, New York, publishes these books and newsletters. He is Editor of Wiley's Nonprofit Law, Finance, and Management Series.

Hopkins is a member of the Legal Section Council of the American Society of Association Executives. He served as Chair of the Committee on Exempt Organizations, Section on Taxation, American Bar Association; Chair of the Section of Taxation, National Association of College and University Attorneys: and President, Planned Giving Study Group of Greater Washington, D.C. He was appointed to the IRS Exempt Organizations Advisory Group in 1 987 and was accorded the Assistant Commissioner's (IRS) Award in 1984.

Hopkins graduated from the University of Michigan in 1964. He received his law degree from the George Washington University National Law Center in 1967, and masters of law degree in taxation from the Center in 1971.

17 of 20 people found the following review helpful:

2.0 out of 5 stars Terrible source of outdated information, April 26, 2006

By	Robert C. Baruch (Maryland, USA) - See all my reviews (REAL NAME)

This review is from: Starting and Managing a Nonprofit Organization: A Legal Guide (Paperback)

IRS Form 1023 is one of the most important pieces of starting a nonprofit organization. Yet this book, which is stamped with a 2005 copyright, contains information for the outdated, pre-2004 version of the 1023.

For example, the advice is given that one can attach a form SS-4 (request for EIN) with the form 1023, and in the form 1023 state "SS-4 attached" when it asks for an SS-4. Wrong. The IRS now requires an EIN be registered prior to submitting a 1023.

Likewise, the hints about "Part this" and "Question that" are completely out of sync with the actual application.

Grudgingly, I give the author credit for the other parts of the book. But 1023 is so important, that it would be terrible to let anyone rely on the information in this book.

A good source of detailed, up-to-date information on the 1023 is "IRS Form 1023 Tax Preparation Guide" by Jody Blazek. And I also recommend the companion book by the same author, "IRS Form 990 Tax Preparation Guide for Nonprofits".

Get those books. Do not get this book.

2 of 2 people found the following review helpful:

4.0 out of 5 stars Contemplating, March 22, 2007

By	E. C. Cameron (Atlanta, GA United States) - See all my reviews (REAL NAME)

This review is from: Starting and Managing a Nonprofit Organization: A Legal Guide (Paperback)

Have been interested in starting an advocacy organization. This book is clearly written, appears to be authoritative and comes from a person who seems to care about the field. I finished the book mildly encouraged but with some respect for the complexities involved. Note that this is only about the legal issues of non profits, not "managing" non profits per se.