Conflict of Interest Policies – The IRS is watching…are you in compliance?
The IRS is paying close attention to the activities of nonprofits and now asks on the 990 federal tax form whether the organization has such a policy. Not having a Conflict of Interest policy in effect could create a red flag to the IRS which triggers an audit! Make sure your board and committee members have reviewed and signed the form. Keep them on file in case you are challenged. Enforce the policy when necessary!!
Does your nonprofit need a Conflict of Interest Policy? Get a sample policy FREE from this site. Simply download and insert your organizational name and distribute to your board and other volunteers.