By James Provenza Giving USA has issued its annual report for giving, and the news for 2018 was somewhat troubling. Overall giving was down 1.7% from 2017. We suspect there are several reasons for this. One is the stock market was shaky in the 4th quarter. … [Read more...]
What Are Non-Profit Board of Directors Term Limits In Chicago, IL?
The best way to answer this question is to ask another one: what does it say in the bylaws? If your Chicago nonprofit’s bylaws were drafted without term limits for board members, they can, theoretically, serve on the nonprofit board of directors for life. Voting to remove them, “firing” them, or … [Read more...]
In Chicago, IL, Do Nonprofit Board Members get paid?
The short answer is: it depends. Generally, the question of payment is spelled out in the nonprofit’s bylaws by the individuals who form the organization. Nonprofit organizations are formed to help serve the public good. Any profits the organization makes go back into the coffers to continue … [Read more...]
What is a Chicago Tax Exempt Number?
A tax-exempt number is an important identification number for certain businesses in the state of Illinois or any state for that matter. A tax-exempt number, or sales tax-exempt number, is a number issued by the State that allows approved entities or organizations to forgo the payment of sales … [Read more...]
Chicago Business Attorney
It may be surprising to realize how many cases in Chicago have been kept silent over the last few years. Many of the legal battles involving well-known Chicago businesses and families have been reserved from public view as judges have given them the highest level of secrecy. Here are four such … [Read more...]