AboutHarvey Mechanic Expertise Federal tax issues of nonprofit 501(c)(3) public charities only. Establishing and maintaining legal requirements for such non-profit organizations in the United States, including Internal Revenue service filings and requirements. I will not be working on this free forum to answer question about Nonprofit's Unrelated Business or how to fill out forms. This forum is only for legal questions about a specific nonprofit asked by members or those otherwise directly effected by the specific nonprofit organization.
Experience I have been practicing law and especially the law of nonprofit organizations since 1990 when I was admitted to the New York Bar.
Expert: Harvey Mechanic Date: 7/22/2008 Subject: Board of Director Finances
Question One mroe question for you:
Is there anything in the federal law for non-profit that states board members and/ or CEO have to be paid? Is it unusual to have a non-profit that is purely for educational purposes with no one on the board being paid?
Answer No such laws. Actually it appears better in the exemption application if the Board members and/or CEO are not receiving any compensation. I don't believe it is unusual to have a non-profit that is purely for educational purposes with no one on the board being paid.
Harvey Mechanic
Attorney At Law
Harvey108@hotmail.com
