The Volunteer Treasurer's Handbook By Howard B. Levy, 3d Edition, ISBN: 979-8666829639
Howard Levy has done a great service to both the nonprofit community and to those who serve it. So few resources are available to provide instruction for those considering, and for those who participate in, board service for charitable organizations. Levy's book, The Volunteer Treasurer's Handbook fulfills that need better than most.
In 138 concise, well-written pages, Levy covers 16 different subjects. As a long-time nonprofit practitioner, I am not aware of any other publication that provides so much information in so many different critical areas as this one.
Tax-exempt organizations, particularly charities, face a broad array of regulations and restrictions. Articles of incorporation must be filed and contain certain provisions in order to qualify for tax-exempt status. Bylaws that determine both the structure and the governance of a charitable organization must be prepared. Once those are in place, IRS Form 1023 or Form 1024 must be filed with the IRS to seek tax-exempt status.
Without the necessary funding, a charity cannot accomplish anything. The solicitation of those funds is regulated not only by the IRS, but by the laws of virtually every state. Many states have unique provisions, making the process difficult and expensive.
Once a charity commences operations, there is often a search for qualified board members. But what is a qualified board...