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New York Nonprofit Revitalization Act Webinar Invitation

  • 1.  New York Nonprofit Revitalization Act Webinar Invitation

    Posted 04-23-2014 03:21 PM

    Friedman LLP Partner and Director of Not-for-Profit Services, Amish Mehta, speaks regarding New York Nonprofit Revitalization Act, on Board Source Webinar, April 24, 2014 at 2pm EST.

    Is your nonprofit registered in New York due to its charitable solicitation activities there? If so, you will need to comply with the NY State Nonprofit Revitalization Act, which becomes effective July 1.

    New York State enacted the Nonprofit Revitalization Act in December 2013. It is the first significant legislation to affect New York nonprofits in more than 40 years. The new act serves two general purposes: It reduces unnecessary and outdated burdens on nonprofits, and it enhances nonprofit oversight and governance to improve public trust. The Act covers areas such as modernizing and streamlining of nonprofit governance action and communication, compensation approval, definition of independent director, conflict-of-interest policy, whistleblower policy, and approval provisions for certain transactions.

    Certain provisions of the act related to financial audits, audit committees, and financial reporting to the New York State Attorney General apply not only to nonprofits incorporated in New York. They also apply to nonprofit organizations incorporated elsewhere that are required to register in New York due to their charitable solicitation activities in New York. Most of the provisions of the act become effective July 1, 2014.

    Amish Mehta, partner and director of not-for-profit services at the accounting firm of Friedman LLP, and Mike Cooney, partner at the law firm of Nixon Peabody, will share their insight on the provisions of the new act as they apply to non-New York based nonprofits, as well as share good nonprofit governance practices.

    For more information or to register for the webinar, click here.

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    Amish Mehta
    Friedman LLP
    Partner and Director of Not-for-Profit Services
    New York NY
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