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The nonprofit sector has experienced immense growth in the
last decade. Today, there are more than 3 million tax-exempt entities
nationally that employ nearly 25 percent of all workers in the United States.
In addition, over 20% of all securities are held in tax-exempt employee plans.
Nonprofit organizations play an increasingly central role in providing our
communities with needed services and amenities. Without nonprofit
organizations, our communities would lack many of the cultural, educational,
religious, research, and philanthropic initiatives upon which our citizens
rely.
Due to their tremendous growth and the growing
sophistication of their activities, nonprofit organizations are coming under
increasing scrutiny by federal and state governments, the Internal Revenue
Service and the courts. Recently, this heightened scrutiny has taken the
form of broad examinations and audits of nonprofit organizations by the
Internal Revenue Service, the proposed introduction of comprehensive new
federal legislation in Congress, and a market response to the activities
of nonprofit organizations currently occurring in the
courts.
At Bricker & Eckler, we recognize the importance of
nonprofit organizations to our communities. Our Nonprofit Organizations
Group has a wealth of experience when it comes to handling the legal issues
of Nonprofit Organizations. We stand ready to help you navigate the unique
legal challenges you face, from federal tax compliance to corporate governance.
In addition, to better serve the needs of our clients, we have also created
separate subgroups to deal with the special issues faced by:
The monthly Nonprofit Advocate provides regular updates and developments in the laws affecting nonprofit organizations.
Statistical Sources: The Law of Tax-Exempt Organizations, Seventh Edition, 2002 Cumulative Supplement, Bruce R. Hopkins, John Wiley & Sons,
Inc.
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