Sam Coppersmith Covers the Complexities of Private Foundations During National Business Institute Webinar

Sam Coppersmith Educates National Business Institute Members About Nonprofit Board Oversight

Advising a nonprofit board requires extensive knowledge about duties, risks, and compliance obligations. During a recent National Business Institute (NBI) webinar, “Nonprofit Board Governance: Overcoming Common Challenges,” Sam Coppersmith led two one-hour sessions to help nonprofits set goals, monitor progress, and ensure bylaws and policies remain up to date.  Specifically, Sam offered guidance on identifying who is responsible for oversight, tasks that can and can’t be delegated, important questions to ask when reviewing finances, pitfalls to avoid, and the variety of policies and rules nonprofits must have in place for their protection.   Sam has more than three decades of experience assisting local and national businesses and nonprofit entities as well as individuals and small businesses. A regular speaker for NBI, he covers a range of nonprofit-related topics, including private foundations, forming...

Read MoreRead More
Sam Coppersmith Covers the Complexities of Private Foundations During National Business Institute Webinar

Sam Coppersmith Covers the Complexities of Private Foundations During National Business Institute Webinar

The legal and tax aspects of private foundations can be a complex undertaking. In the recent National Business Institute (NBI) webinar, “Private Foundations From Start to Finish,” Sam Coppersmith and his panel of co-presenters provided insight to help lawyers advise clients in this area of law. Specifically, he spoke on: Different types of private foundations, funding and giving options, and rules governing non-operating foundations vs. operating foundations. Organizing and governing a private foundation, foundation board considerations, and the investment of funds and distribution. Filing necessary tax returns, IRS Form 990 – PF, IRS Form 990 – T, requirements, contributions, disbursements, expenses, and more.Changes for exempt organizations, including private foundations, under the Tax Cuts and Jobs Act. Sam has more than three decades of experience assisting local and national businesses and nonprofit entities as...

Read MoreRead More

Sam Coppersmith Co-Presents National Business Institute Webinar on Start-to-Finish Nonprofit Formation

Advising clients through the maze of eligibility requirements, bylaws, processing procedures, group exemptions, and other complexities of the 501(c)(3) application process can be challenging. In a recent National Business Institute (NBI) webinar, Sam Coppersmith shared tips for advising nonprofit clients through the application process.  Sam covered critical portions of the designation process, including: TCJA and other laws, rules, regs, and enforcement activities impacting nonprofits.Eligibility requirements and classifications.Establishing tax exempt status with the IRS. The webinar focused on the onerous requirements, step-by-step, and how to identify problematic issues to ensure clients successfully acquire nonprofit designation from the IRS. Sam has more than three decades of experience assisting local and national businesses and nonprofit entities as well as individuals and small businesses. He is a regular speaker for NBI, covering a range of...

Read MoreRead More

Seminar Reveals Common Pitfalls and Best Practices in Nonprofit Operations

As the resident expert on nonprofit bylaws, Sam Coppersmith delivered an eye-opening, informative seminar about the many common pitfalls and best practices associated with drafting or revising bylaws. Speaking during a National Business Institute live audio webinar delivered on Feb. 16, Sam delved into the intricacies of bylaws, which are the foundational guidelines that govern internal management of every nonprofit. The presentation explored the best processes for updating nonprofit bylaws, what to include (and not include) in specific provisions, as well as a focus on the most common mistakes found in nonprofit bylaws. Geared primarily to attorneys, executive directors, trustees, officers, presidents and vice presidents of nonprofit organizations, the content included discussion of a member-elected or self-perpetuating board, the process for adopting and updating bylaws, a step-by-step...

Read MoreRead More

Sam Coppersmith Delivers NBI Presentation About Tax Exempt Organizations

National Business Institute (NBI), which offers continuing legal education to professionals, tapped Sam Coppersmith to join a panel delivering a special presentation billed as “The Ultimate Guide to Tax Exempt Organizations.” Available on the NBI website, the webcast zeroes in on establishing and operating tax exempt organizations to keep them compliant and thriving. The all-day video conference gives professionals the practical strategies they need to guide a tax-exempt client through the lifecycle of IRS application and yearly compliance. More specifically, attendees found out how to select the best tax exempt organization form for their client, received tips for completing Form 1023/1024 and handling IRS review, and learned methods for securing state tax exemption. Additionally, the videoconference discussed taking proper care of incoming contributions and how to properly...

Read MoreRead More