Jacob Ferrari

law books, legal books, library

The Document Retention Policy

Overview It is a simple rule that it takes a lot of documents to run an organization. Governing documents, transaction documents, property documents, tax documents, and many more. What happens when these documents start to pile up? How long should an organization hold on to these documents and what should they do with them when …

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The Conflict of Interest Policy

Overview For organizations exempt from income tax under Section 501(c)(3) of the Internal Revenue Code, the most important governance policy the organization can have is the conflict of interest policy. The policy is not only explicitly asked about for every organization in the Form 990 Informational Return but is also asked about in the Form …

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Washington State Passes New Nonprofit Corporations Act!

Overview Earlier this week, Governor Inslee signed into law Senate Bill 5034. Simply put, this law completely overhauls and replaces the current version of the Washington Nonprofit Corporations Act. The effort to pass this law started in 2008 with the adoption of the Model Nonprofit Corporations Act by the Washington State legislature. From there, a …

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knowledge, book, library

Book Review: 10% Happier By Dan Harris

If someone were to ask you how life is going right now, that would probably be a loaded question. We’re in the middle of one of the worst pandemics in history, a combative election process to say the least, and a society seemingly more polarized than it’s ever been. And that’s only in addition to …

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How the Tax Cuts and Jobs Acts Revises the Computation of UBTI: Three Major Revisions

Introduction Organizations exempt from federal taxation must still pay taxes on unrelated business income (UBI) (i.e. income gained from a regularly conducted trade or business that is unrelated to the organizations exempt purpose). In 2017, Congress passed the Tax Cuts and Jobs Act (“TCJA”) which made major revisions to how unrelated business taxable income (UBTI) …

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Supporting Organizations Part 2

The Relationship Test In our last blog post we discussed Supporting Organizations and the first three tests for how to determine if a 501(c)(3) public charity is a supporting organization. In the second part of this two part series, we’ll discuss the fourth and final test of supporting organizations: the Relationship Test. Depending on the …

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knowledge, book, library

A Brief Review of Client Development for Solo and Small Firm Lawyers

            Throughout the legal community there is no shortage of opinions people have about working for a small firm versus a larger firm. Entire law review articles have been devoted to the pros and cons of each model. Whatever side of the spectrum you find yourself on, there’s simply no denying one fact: small firms …

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509(a)(3) Supporting Organizations: Part 1

Most 501(c)(3) public charities are characterized as such because they receive most of their funding from donations from the general public, government grants, or from other 501(c)(3) public charities. However, some public charities are characterized as such because they support other public charities. These organizations are appropriately called supporting organizations. Unlike other public charities who …

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Just Mercy: A Story of Justice and Redemption by Bryan Stevenson A Review

“The opposite of poverty is not wealth. It is justice.” –Bryan Stevenson It’s been a long time since a book has broken me and left me humbled to the point of tears, but attorney Bryan Stevenson’s first-hand critical look at the justice system in the South and beyond did just that. Just Mercy: A Story …

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The OMWBE: The Office of Minority and Women’s Business Enterprises

Is your company women- or minority-owned? If so, is your company certified with the Office of Minority and Women’s Business Enterprises? If you have never heard of that office or don’t know what it does, this post is here to help!             The OMWBE is a little-known office that focuses on empowering and incentivizing businesses …

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