Product Details
Topics Covered
- Fiduciary duties
- Governance
- Conflicts of interest
- Compliance
- 501(c)(3) status
- Tax exemption
- Liability
Key Features
- Mobile-friendly
- Audio-enabled
- Badge and credit-awarding
- Real-world case studies
- Fully accessible
- Games & Flashcards
- Expert-supported
- Video content
Course Preview
Course Description
The law not only requires all nonprofit organizations to have a board of directors; it also identifies critical duties that boards must fulfill. As is the case for for-profit boards, non-profit boards have a duty to act in the organization's shareholder's interests; but for a nonprofit, the shareholders are the members of the public that the organization serves. Board members have three primary legal duties: the duty of care, the duty of loyalty, and the duty of obedience. If a
Learning Outcomes
- Explain the role of the board in fulfilling nonprofit legal obligations
- Differentiate between the three primary legal duties of nonprofit boards: "duty of care," "duty of loyalty," and "duty of obedience"
- Describe best practices for fulfilling the primary legal duties of nonprofit boards
- Distinguish between different tax-exempt classifications and their legal implications
- Explain key federal, state, and local laws regulating nonprofits
- Describe the role of the board in ensuring compliance with all relevant rules and regulations
- Explain the consequences of failing to comply with laws and regulations and describe best practices for protecting the board from legal liability
Notes
This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
As an Accredited Provider, MindEdge offers for its learning events that comply with the Continuing Education and Training Standard.
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive credit. Learners will have three attempts at all graded assessments.
