A few weeks ago the Treasury Department proposed adding a few more examples of Program-Related Investments (PRI) to the Internal Revenue Code. These examples are meant to better illustrate the types of investments that qualify as a PRI and are trending with foundations. So….What is a PRI? In short, a PRI is “a loan or [...]
Read More» Posted by Erin | 0 commentsLast month I had the honor of presenting again to the Houston Area Urban League’s Entrepreneurship Class. The presentation was geared toward discussing a few of the legal issues I’ve found for-profits and non-profits encounter when forming and operating. Though not all-inclusive, I think it gives a great overview of concerns founders and executives should [...]
Read More» Posted by Erin | 0 commentsRecently I’ve attended several events where someone has stated that board members can’t be paid. But this isn’t necessarily the case. Many states allow for board members to be paid. In fact, here in Texas the Nonprofit Chapter of the Business Organizations Code states: Sec. 22.054. AUTHORIZED BENEFITS AND DISTRIBUTIONS. A corporation may: (1) pay compensation in a [...]
Read More» Posted by Erin | 0 commentsWhat is That Exactly? What constitutes as an electronic document or record is massive. There’s the stuff we tend to think of like emails, databases, word processing documents and spreadsheets. But what many don’t think about are the blogs, chat room transcripts, instant messaging transcripts, voice-mails, text-messages and even deleted documents. All this has to [...]
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Maybe I was the only one that didn’t get the memo, but while doing research recently I came across a few resources I thought it would be great to share. Don’t get too excited though. My original gripe about resources in general still holds true though! Resource List For help with enlisting and facilitating [...]
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I’ve been reading on social enterprise/ hybrid models recently and a common theme I’ve seen weaved throughout is this belief that new models are necessary, if for no other reason than, to “shake up” the nonprofit community, “keep them on their toes” and give ‘em a “run for the money”. And this kinda upsets me. [...]
Read More» Posted by Erin | 0 commentsNot too long ago I hosted a Hangout on Contract Basics for Non-profits. It was super informal and super quick. Because I wanted to keep it to thirty minutes I didn’t get too much into the details. But I did briefly address some basics such as what a contract is, what it is comprised of, [...]
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