88 episodes

Welcome to EO Radio Show, Your Nonprofit Legal Resource, brought to you by the Exempt Organizations Group at Farella Braun + Martel.

My name is Cynthia Rowland. I’m a business and tax partner at Farella with more than 30 years of experience advising clients on non-profit and charity law. I help philanthropists, including private individuals as well as for-profit and nonprofit organizations, who wish to make the world a better place.

Through this podcast, our lawyers and guests will discuss a range of legal and business issues impacting the nonprofit world because we understand you work hard every day to make your community a better place to live and work.

We hope you will appreciate discussions of basic legal principles, as well as in-depth technical discussions of the legal and regulatory landscape.

Topical presentations and guests on EO Radio Show will focus on helping you reach a solid understanding of what it takes to organize, operate and lead an effective charitable organization that presents itself as a professional and trustworthy partner.

Starting with a key legal concept, each show will focus on an essential piece of the framework in which charities operate, and will explain how the right understanding leads to a well-functioning organization.

We will also help you understand the legal world in which charities operate and will provide detailed links and connections to additional resources on the topic of the day.

We want you to think of EO Radio Show as a modern-day audio treatise on charity legal issues and the practical application of legal principles of effective operation of a charity.

EO Radio Show is for all professionals, whether you are leading, funding, advising, or operating a public charity or private foundation that aspires to be a force for good in your space. You work hard every day to make your communities and the world a better place.

EO Radio Show Farella Braun + Martel LLP

    • Business
    • 5.0 • 6 Ratings

Welcome to EO Radio Show, Your Nonprofit Legal Resource, brought to you by the Exempt Organizations Group at Farella Braun + Martel.

My name is Cynthia Rowland. I’m a business and tax partner at Farella with more than 30 years of experience advising clients on non-profit and charity law. I help philanthropists, including private individuals as well as for-profit and nonprofit organizations, who wish to make the world a better place.

Through this podcast, our lawyers and guests will discuss a range of legal and business issues impacting the nonprofit world because we understand you work hard every day to make your community a better place to live and work.

We hope you will appreciate discussions of basic legal principles, as well as in-depth technical discussions of the legal and regulatory landscape.

Topical presentations and guests on EO Radio Show will focus on helping you reach a solid understanding of what it takes to organize, operate and lead an effective charitable organization that presents itself as a professional and trustworthy partner.

Starting with a key legal concept, each show will focus on an essential piece of the framework in which charities operate, and will explain how the right understanding leads to a well-functioning organization.

We will also help you understand the legal world in which charities operate and will provide detailed links and connections to additional resources on the topic of the day.

We want you to think of EO Radio Show as a modern-day audio treatise on charity legal issues and the practical application of legal principles of effective operation of a charity.

EO Radio Show is for all professionals, whether you are leading, funding, advising, or operating a public charity or private foundation that aspires to be a force for good in your space. You work hard every day to make your communities and the world a better place.

    Expedited Review of IRS Applications for Recognition of Exempt Status

    Expedited Review of IRS Applications for Recognition of Exempt Status

    Welcome to EO Radio Show - Your Nonprofit Legal Resource.  In Episode 87, Cynthia Rowland covers the rules that apply to a new charitable organization that wants expedited review of its application for recognition of exempt status from the Internal Revenue Service.
    The IRS expects to receive 135,000 to 140,000 determination requests in 2024, and most of those requests will take more than six months to be processed. In general, the IRS reviews applications in the order received. New organizations often need that determination letter in order to start fundraising, and six months or more is a serious damper on the ability to launch new entities.
    This episode will cover the required procedures to follow if an organization wants the IRS to let it jump to the front of the line.
    Show notes:
    Expediting Exemption Application Processing: Where to Send Request
    Addresses:
    After an application has been filed, a written request for expedited processing must be sent to the following address:
    Internal Revenue Service
    P.O. Box 2508
    Room 6403
    Cincinnati, OH 45201
    Express mail or a delivery service written request for expedited processing must be sent to the following address:
    Internal Revenue Service
    550 Main Street
    Room 6403
    Cincinnati, OH 45202
    You may fax your request to 855-204-6184.
    Instructions for Form 1023 EZ
    Farella YouTube nonprofit state filings playlist
    Farella YouTube nonprofit governance playlist
    If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes can be found at EORadioShowByFarella.com. 
    DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

    • 14 min
    Nonprofit Quick Tip: State Filings in New Mexico and Utah

    Nonprofit Quick Tip: State Filings in New Mexico and Utah

    Welcome to EO Radio Show - Your Nonprofit Legal Resource. This is the 13th in a series of “Quick Tip” episodes focusing on the details of state registration of nonprofit corporations.
    In an earlier episode, we addressed filing in Delaware and California, which are the most frequently used by our clients, most of whom have a connection with California. Other episodes have focused on the state filing requirements in Nevada and Arizona, Washington State and Oregon, Alaska and Hawaii, New York and New Jersey, Massachusetts and Connecticut, Maine and Vermont, Rhode Island and New Hampshire, Florida and Louisiana, North Carolina and South Carolina, Kentucky and Tennessee, and most recently, Oklahoma and Texas. 
    Today, with Joe Hilliard's help, we examine the basic state filing requirements for nonprofit corporations operating in New Mexico and Utah.
    You can find all the prior episodes on our website or the Farella YouTube Channel, where there is a playlist just for state filing requirements. In future episodes, we'll work our way through the rest of the states.
    Show Notes:
    Farella YouTube podcast channel
    New Mexico:
    New Mexico Secretary of State Corporations and Business Services page: https://portal.sos.state.nm.us/BFS/online/
    New Mexico Business Services Front page: https://www.sos.nm.gov/business-services/start-a-business/
    New Mexico Current Entity Search: https://portal.sos.state.nm.us/BFS/online/CorporationBusinessSearch
    New Mexico Current Director/Officer Search: https://portal.sos.state.nm.us/BFS/online/CorporationBusinessSearch/OfficersOrDirectorsOrRAgentSearch
    New Mexico Business Services FAQ: https://www.sos.nm.gov/business-services/limited-liability-and-corporation-faqs/
    New Mexico New Business Tips FAQ: https://www.sos.nm.gov/steps-to-starting-a-business/
    New Mexico Domestic Nonprofit Articles of Incorporation: https://www.sos.nm.gov/business-services/start-a-business/domestic-nm-non-profit-corporation/
    New Mexico Foreign Nonprofit Corporation Application for Authority: https://www.sos.nm.gov/business-services/start-a-business/foreign-non-profit-corporation/
    New Mexico Department of Justice Charitable Organizations FAQ: https://nmag.gov/charities/
    New Mexico Department of Justice Charitable Organizations Registrar: https://secure.nmag.gov/coros/
    New Mexico Taxation & Revenue page: https://www.tax.newmexico.gov/
    New Mexico Taxation & Revenue FAQ: https://www.tax.newmexico.gov/businesses/
    Utah:
    Utah Division of Corporations main page: https://corporations.utah.gov/
    Utah's current entity database: https://secure.utah.gov/bes/index.html
    Utah Division of Corporations Contact page: https://corporations.utah.gov/contact/
    Utah Division of Corporations Articles FAQ: https://corporations.utah.gov/business-entities/preparing-articles/
    Utah Division of Corporations Domestic Nonprofit Organizations page: https://corporations.utah.gov/domestic-non-profit-corporation/
    Utah Division of Corporations Domestic Nonprofit Articles form: https://corporations.utah.gov/wp-content/uploads/2023/04/incnonprofit.pdf
    Utah Division of Corporations Domestic Nonprofit Articles Guide Sheet: https://corporations.utah.gov/wp-content/uploads/2021/09/howtoincnonprofit.pdf
    Utah Division of Corporations Foreign Nonprofit Organizations page: https://corporations.utah.gov/business-entities/foreign-non-profit-corporation/
    Utah Division of Corporations Foreign Nonprofit Articles: https://corporations.utah.gov/wp-content/uploads/2021/10/certauth.pdf
    Utah Division of Corporations Annual Report filing page: https://secure.utah.gov/abr/login.html
    Utah Division of Corporations Processing Times: https://corporations.utah.gov/2024/05/02/the-division-is-currently-processing/
    Utah Division of Consumer Protection Charities page: hhttps://dcp.utah.gov/for-businesses/charities/
    Utah State Tax Commission home page: https://incometax.utah.gov/
    Utah State Tax Commission Registration for Sales Tax Exemption: https://ta

    • 25 min
    Back to Compliance: Reinstating Tax-Exempt Status for a Charity

    Back to Compliance: Reinstating Tax-Exempt Status for a Charity

    Welcome to EO Radio Show - Your Nonprofit Legal Resource. In episode 85, Cynthia Rowland addresses the steps needed when a charitable organization has its tax-exempt status revoked by the IRS for failure to file the required information returns, that is, form 990, 990PF, 990 EZ, or the postcard return for very small charities, 990-N.
    Often, charities fall out of compliance not just with the IRS but also with the state regulators, which may include the state income tax filing requirements, charity registry filings, and Secretary of State annual or bi-annual filings.
    Today, she discusses the road to recovery for an organization that wants to get back on track.
    Show Notes:
    Farella YouTube podcast channel
    IRS website on Reinstatement
    Revenue Procedure 2014-11 (PDF explains the four procedures an organization may use to apply for reinstatement)
    IRS Exemption forms: Form 1023, Form 1023-EZ, Form 1024 or Form 1024-A
    Additional IRS information
    Annual Reporting and Filing Online course - Applying for Section 501(c)(3) Status - An Overview  (37 minutes) Revoked? Reinstated? Learn more If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes can be found at EORadioShowByFarella.com. 
    DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

    • 16 min
    Nonprofit Book Review: ABA Guidebook for Directors of Nonprofit Corporations

    Nonprofit Book Review: ABA Guidebook for Directors of Nonprofit Corporations

    Welcome to EO Radio Show - Your Nonprofit Legal Resource. In today’s episode, Cynthia Rowland’s guest is Bill Boyd, one of the editors, along with Lisa Runquist, of the newly published fourth edition of the American Bar Association’s Guidebook for Directors of Nonprofit Corporations. The guidebook is a useful and valuable reference that provides directors with an overall understanding of their roles and duties. The updated edition addresses general legal principles and areas of broad concern to assist the directors and the organization in obtaining the information they need to run effectively. The guidebook includes user-friendly charts, checklists, and more.
    Show Notes:
    Bill Boyd, Partner, Nyemaster Goode (bio and publications)
    ABA Guidebook for Directors of Nonprofit Corporations
    EO Radio Show playlists:
    Nonprofit Governance Nonprofit Hot Topics Nonprofit Basics If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes can be found at EORadioShowByFarella.com. 
    DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

    • 24 min
    Nonprofit Quick Tip: State Filings in Oklahoma and Texas

    Nonprofit Quick Tip: State Filings in Oklahoma and Texas

    Welcome to EO Radio Show - Your Nonprofit Legal Resource. This is the 12th in a series of “Quick Tip” episodes focusing on the details of state registration of nonprofit corporations. In previous episodes, we addressed filing in Delaware and California, which are the most frequently used by our clients, most of whom have a connection with California. Other episodes have focused on the state filings in Nevada and Arizona, Washington State and Oregon, Alaska and Hawaii, New York and New Jersey, Massachusetts and Connecticut, Maine and Vermont, Rhode Island and New Hampshire, Florida and Louisiana, North Carolina and South Carolina, and most recently Kentucky and Tennessee.
    Today, with Joe Hilliard's help, we examine the basic state filing requirements for nonprofit corporations operating in Oklahoma and Texas.
    You can find all the prior episodes on our website or the Farella YouTube Channel, where there is a playlist just for state filing requirements episodes. In future episodes, we'll work our way through the rest of the states.
    Show Notes:
    Farella YouTube podcast channel
    EO Radio Show #2: Nonprofit Basics: Designators, Members, Directors, Officers: The Who’s Who of Nonprofit Governance
    Oklahoma:
    Oklahoma Secretary of Business Services page: https://www.sos.ok.gov/business/default.aspx
    Oklahoma Business Entity FAQ: https://www.sos.ok.gov/business/faq.aspx
    Oklahoma Current Entity Search: https://www.sos.ok.gov/corp/corpInquiryFind.aspx
    Oklahoma Fee Schedule: https://www.sos.ok.gov/business/fees.aspx
    Oklahoma Online Filing Library: https://www.sos.ok.gov/corp/filing.aspx
    Oklahoma Downloadable Business Forms Library: https://www.sos.ok.gov/business/forms.aspx
    Oklahoma Not for profit Certificate  of Incorporation: https://www.sos.ok.gov/forms/Fm0008.PDF
    Oklahoma Certificate of Qualification (Foreign Corporation) Form: https://www.sos.ok.gov/forms/Fm0012.PDF
    Oklahoma online processing time: https://oklahoma.gov/business/launch/register-your-business.html
    Oklahoma Secretary of State Charitable Organizations Page: https://www.sos.ok.gov/charity/Default.aspx
    Oklahoma Secretary of State Charitable Organizations Forms: https://www.sos.ok.gov/charity/forms.aspx
    Oklahoma Charitable Organization Registration Form: https://www.sos.ok.gov/forms/Fm0101.PDF
    Oklahoma Tax Commission: https://oklahoma.gov/tax.html
    Oklahoma Sales Tax Exemption form: https://oklahoma.gov/content/dam/ok/en/tax/documents/forms/businesses/general/Packet-E.pdf
    Texas:
    Texas Secretary of State business services page: https://www.sos.state.tx.us/corp/index.shtml
    Texas SOSDirect Portal: https://www.sos.state.tx.us/corp/sosda/index.shtml
    Texas current entity database: https://www.sos.state.tx.us/corp/sosda/index.shtml
    Texas Secretary of State Nonprofit Organizations Page: https://www.sos.state.tx.us/corp/nonprofit_org.shtml
    Texas Forms: https://www.sos.state.tx.us/corp/forms_boc.shtml
    Texas Certificate of Formation Nonprofit Corporation form and instructions: https://www.sos.state.tx.us/corp/forms/202_boc.pdf
    Texas Application for Registration for a Foreign Nonprofit Corporation form and instructions: https://www.sos.state.tx.us/corp/forms/302_boc.pdf
    Texas Fees Schedule: https://www.sos.state.tx.us/corp/fees-other.shtml
    Texas Filing Options FAQ: https://www.sos.state.tx.us/corp/options.shtml
    Texas Attorney General Charitable Trusts page: https://www.texasattorneygeneral.gov/divisions/charitable-trusts
    Texas Attorney General Charitable Trusts Registration and Filings Page: https://www.texasattorneygeneral.gov/divisions/charitable-trusts/registration-and-filings
    Texas Comptroller Tax Exemptions for Qualified Organizations Page: https://comptroller.texas.gov/taxes/exempt/
    Texas Comptroller Tax Exemptions Application Forms: https://comptroller.texas.gov/taxes/exempt/forms/
     
    If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes can be found at EORa

    • 23 min
    Advice for Nonprofit Investment Committees From an Investment Advisor

    Advice for Nonprofit Investment Committees From an Investment Advisor

    Welcome to EO Radio Show - Your Nonprofit Legal Resource. In episode 82, we revisit the duties of directors in managing investment assets.
    Joining Cynthia Rowland today is Jennifer Nelson, Senior Wealth Manager with BNY Mellon. She offers practical advice for directors serving on the investment committee, best practices for developing an investment policy, investment performance measurement, the use of outside chief investment officers, and other discretionary asset management arrangements. 
    Show notes:
    Jennifer Nelson, CFP, BNY Mellon Wealth Management
    BNY Mellon Wealth Management Insights
    EO Radio Show YouTube Playlists: Nonprofit Basics, Nonprofit Governance, Hot Topics
    Prudent Management of Institutional Funds Act
    “UPMIFA, Three Years Later: What’s a Prudent Director To Do?” ABA Business Law Today, Volume 18 No. 6 (July/August 2009), Cynthia R. Rowland
    EO Radio Show EP #16: Basics of Impact Investing: A Conversation About Investment Policies and Evaluation Metrics For ESG Investors
    EO Radio Show #35: Hot Topic: UPMIFA in the Context of Financial System Instability
    If you have suggestions for topics you would like us to discuss, please email us at eoradioshow@fbm.com. Additional episodes can be found at EORadioShowByFarella.com.
    DISCLAIMER: This podcast is for general informational purposes only. It is not intended to be, nor should it be interpreted as, legal advice or opinion.

    • 31 min

Customer Reviews

5.0 out of 5
6 Ratings

6 Ratings

BettyWaggs ,

Extremely helpful

Excellent podcast for understanding nonprofit rules and issues. More please!

Scotty254.6 ,

Great Information

This is a great source of information for the community.

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