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102.9 FM Radio Nonprofit Weekend Tip! Can Nonprofit Board Members be family members?

Can Nonprofit  Board Members be family members?    

Limit Family Relationships on the Nonprofit Board of Directors

Family relationships are defined as an individual’s spouse, brothers and sisters, children , grandchildren, and spouses of  brothers, sisters and their children, and grandchildren   There is not a hard and fast I.R.S. rule excluding family 

I.R.S. suggests to new applicants that their  Boards of Directors practice family exclusion 

In a clear effort to increase transparency, the New annual IRS 990 tax form REQUIRES nonprofits to disclose business and family relationships of the Nonprofit’s governing body


Can there be any Relationships among officers, etc.?  

Answer “Yes”  

On the Nonprofit tax form 990, if there is a family or business relationship with another listed person at any time during the organization’s tax year. On the 990 form, for each family and business relationship you have to identify the persons and describe their relationships in a tax form Schedule O. It is sufficient to state “family relationship” or “business relationship” without greater detail.  

Family relationships are defined as an individual’s spouse, brothers and sisters, children, grandchildren, and spouses of brothers, sisters and their children, and grandchildren   There is not a hard and fast I.R.S. rule excluding a second or third person related by family or marriage serving on the same Nonprofit Board of Directors at the same time.

I.R.S. suggests to new applicants that they prefer non-familial Boards of Directors.  

IRS Governance Information Link:
http://www.irs.gov/pub/irs-tege/governance_practices.pdf

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6 Comments to 102.9 FM Radio Nonprofit Weekend Tip! Can Nonprofit Board Members be family members? :

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dissertations superior paper on Monday, August 26, 2013 2:27 AM
There is hardly a firm moreover swift I.R.S. custom excluding a another or third human analogous by tribe or alliance portion on the consistent Nonprofit Panel of Chiefs at the homogeneous term.
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