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The 18th annual conference on
Not-For-Profit Organizations
Learn the Latest on Legal and Tax Issues Affecting Not-For-Profit Organizations.
This One Day Seminar is Designed for:
Not-For-Profit Managers
Accountants
Attorneys
Co-Sponsors:
CPA'S For The Public Interest
The Donors Forum of Chicago
JUNE 4, 1999
Chicago-Kent College of Law
Illinois Institute of Technology
565 West Adams
Chicago,
Illinois 60661-3691
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ONLINE REGISTRATION
NOW AVAILABLE!
Click here to
register online or print registration information.
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Not-For-Profit Organizations Program Highlights
Stay on the cutting edge of new developments
in taxation, legislation and regulation of non-profits by attending sessions
on:
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Recent Tax Cases and 1998-99 Rulings
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Key Employment Issues, Including Significant Changes in the Law of Sexual
Harassment
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Intermediate Sanctions, Disclosure and IRS Restructuring
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Current IRS Developments
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Technology Update 1999 and Y2K Issues
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Lobbying: Unmasking the Mysteries
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Unrelated Business Income
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Accounting Update: New Standards on Accounting for
Fund-Raising Costs
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Investment Management
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Form 990 Disclosure Requirements
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Non-Tax News
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Guest Luncheon Speaker: James Ryan, Illinois Attorney
General
Not-For-Profit Organizations Program
FRIDAY, JUNE 4, 1999
8:00-8:45 REGISTRATION
8:45-9:00 WELCOME
Philip N. Hablutzel, Faculty
Sponsor, Professor of Law, Chicago-Kent College of Law
9:00-9:45 Current Tax
Developments
Recent tax cases and 1998-99 rulings.
Bruce E. Huey, Friedman &
Huey Associates
9:45-10:00 BREAK
10:00-11:15 Key Employment Issues
Affecting Not-For-Profits
Experts in the field of employment law
will discuss what you need to know about new legal developments and how
your not-for-profit should comply in the areas of
discrimination, worker classification, and sexual
harassment. The law of sexual harassment has changed significantly within
the past year and it is more important than ever to have a good policy
in place.
Richard J. Gonzalez, Clinical
Professor of Law, Chicago-Kent College of Law
K. Bruce Stickler, Stickler & Nelson
Gregory J. Stull, Law Office of Gregory
J. Stull
Moderator: Philip N. Hablutzel, Professor
of Law, Chicago-Kent College of Law
11:15-12:00 Intermediate Sanctions,
Disclosure and IRS Restructuring
Marcus Owens, Director, Exempt
Organizations Technical Division, IRS, Washington, D.C.
12:00-1:00 BUFFET
LUNCHEON
1:00-1:25 LUNCHEON
SPEAKER
James Ryan, Illinois Attorney
General
1:30-2:30 CONCURRENT
WORKSHOPS
Workshop A Current IRS
Developments
Impact of RRA98 on EP/EO; local examination
projects including gaming, travel tours, nonresident alien employment tax
issues; inurement and insiders after UCC.
Fred Kluss, Group Manager,
EO Large Case Program, IRS, Chicago
Workshop B Technology
Update 1999
A mid-to-advanced level discussion on
the most recent hardware, software and services for nonprofits, and Y2K
issues.
Andrew Hubbard,
Desmond & Ahern
Workshop C Lobbying:
Unmasking the Mysteries
Exempt organizations, especially private
foundations, are limited to conducting or supporting lobbying, or making
grants to other organizations which conduct or support lobbying. There
are functional and definitional exceptions to the Code's rules against
lobbying--some of which may surprise you. The speakers will review permitted
and prohibited lobbying activities by both public charities and private
foundations and lead a discussion using some thought-provoking examples.
David S. Chernoff, Associate
General Counsel, The John D. and Catherine T. MacArthur Foundation
Janice E. Rodgers, Quarles & Brady
LLC
2:30-2:40 BREAK
2:40-3:40 CONCURRENT
WORKSHOPS
Workshop A IRS Current Developments
(Repeat)
Fred Kluss, Group Manager,
EO Large Case Program, IRS
Workshop B Unrelated Business
Income
This workshop will cover significant
unrelated business income developments within the last year--corporate
sponsorship, afinity card revenue, joint ventures and other miscellaneous
hot topics. There will be ample opportunity for questions and answers.
Mary E. Rauschenberg, Arthur
Andersen
Workshop C Accounting
Update: New Guidance for Not-for-Profit Organizations
This session will primarily provide an
overview of the requirements of two new accounting standards impacting
not-for-profit organizations. New standards on accounting for fund-raising
costs include a presumption that costs incurred jointly for fundraising
and other activities, such as program or management and general costs,
are fundraising. This session will discuss these new requirements, how
the presumption can be overcome, the appropriate allocation of joint costs
and the required disclosures. The session will also discuss the accounting
for transfers of assets between a not-for-profit that raises or holds contributions
and another related beneficiary organization. In addition, the session
will provide a brief review of a few of the more complicated issues that
have surfaced on adoption of new accounting standards applicable to not-for-profits
involving recognition of contributions, financial statement presentation
and accounting for investments.
John Quinn, Clifton Gunderson
L.L.C.
3:40-3:50 BREAK
3:50-4:50 CONCURRENT
WORKSHOPS
Workshop A Intermediate
Sanctions
Congress enacted legislation which will
allow the IRS to impose certain penalties for certain transactions engaged
in by public charities. The IRS recently issued regulations on this important
topic. The panel will explore the impact of the new regulations in interpreting
the Intermediate Sanction provisions.
Thomas E. Chomicz, Quarles
& Brady LLC
Michael A. Clark, Sidley & Austin
Workshop B
Investment Management at Non-Profits
Non-profits are perceived as being on
the cutting edge of the investment management universe. The session will
explore this question from both the theoretical and practical standpoints.
Among the topics to be covered are fiduciary responsibility; investment
objectives; diversification and alternative investments.
Will McLean, Senior Managing
Director, Assets and Investments, The John D. and Catherine T. MacArthur
Foundation
Workshop C Form
990 Disclosure Requirements and Non-Tax News
Recent changes to Code Section 6104 mandate
that public charities and private foundations make available for inspection
copies of their form 990 or 990-PF and their application for tax exemption.
In addition, they must furnish copies of all such documents upon request.
There are extensive rules--and some exceptions--which will be discussed.
This session will also cover an overview of recent legislation and case
law relating to non-tax areas of non-profit law, including purposes and
powers of non-profits, governance structure, compensation, fiduciary duties,
conflicts of interest, liabilities, fund-raising, endowment management,
intellectual property protections, exposures to criminal statutes, and
other management issues.
David S. Chernoff, Associate
General Counsel, The John D. and Catherine T. MacArthur Foundation
Philip N. Hablutzel, Professor of Law,
Chicago-Kent College of Law
Upcoming Programs
The 18th annual Federal Tax Institute
May 6-7, 1999
Reinventing Electricity Markets
June 18, 1999
The 3rd annual Effective Expert Witness
Program
June 23, 1999
The 17th annual Federal Sector Labor
Relations and Labor Law Program
September 9, 1999
The 22nd annual Derivatives and Commodities
Law Institute
October 28-29, 1999
The Palmer House Hilton Hotel
The 15th annual Illinois Public Sector
Labor Relations Law Program
November 5, 1999
For further information, please
contact the Office of Continuing Legal and Professional Education, (312)
906-5090 or check out our website at www.kentlaw.edu/depts/cle/
Program Faculty
FACULTY SPONSOR
Philip N. Hablutzel
Professor of Law
Chicago-Kent College of Law
David S. Chernoff, Esq.
Associate General Counsel
The John D. and Catherine T. MacArthur
Foundation
Thomas E. Chomicz, Esq.
Quarles & Brady LLC
Michael A. Clark, Esq.
Sidley & Austin
Richard J. Gonzalez
Clinical Professor of Law
Chicago-Kent College of Law
Andrew Hubbard
Desmond & Ahern
Bruce E. Huey, CPA
Friedman & Huey Associates
Fred Kluss
Group Manager, EO Large Case Program,
Internal Revenue Service a
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Will McLean
Senior Managing Director, Assets and
Investments
The John D. and Catherine T. MacArthur
Foundation
Marcus Owens, Esq.
Director, Exempt Organizations Technical
Division
Internal Revenue Service
John Quinn, CPA
Clifton Gunderson L.L.C.
Mary E. Rauschenberg, CPA
Arthur Andersen
Janice E. Rodgers, Esq.
Quarles & Brady LLC
K. Bruce Stickler, Esq.
Stickler & Nelson
Gregory J. Stull, Esq.
Law Offices of Gregory J. Stull
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CLICK HERE TO REGISTER
ONLINE OR
PRINT REGISTRATION
INFORMATION!
General Information
Special Rate: A special rate of $120 per person is available
to those not-for-profits less than 3 years old, with a budget less than
$250,000. Proof of incorporation and annual budget must be sent with the
registration form in order to receive this special rate. A special rate
of $120 per person is also available to Chicago-Kent College of Law Alumnae/i.
Please indicate month and year of graduation on the registration form.
Confirmation of Registration: A
confirmation letter will be mailed to you at the address provided on your
registration form. No other confirmation of registration will be provided.
Confirmation of Attendance: Written
notification of cancellation is required. A full tuition refund is available
if notification is received prior to May 14, 1999; a 25% administrative
fee will be charged if notification is received between May 14 and May
28, 1999. No refunds will be granted after May 28, 1999.
Continuing Legal and Professional Education/Continuing
Professional Education Credit: 6.1 CLE credit hours (based on a 60
minute credit hour) or 7.4 credit hours (based on a 50 minute credit hour).
Chicago-Kent is a registered public accountant continuing professional
education sponsor in Illinois.
For Additional Information: Please
call the Office of Continuing Legal and Professional Education, Chicago-Kent
College of Law at (312) 906-5090.
Hotel Accommodations: Hotel accommodations
have been made at The Executive Plaza Hotel. Registrants are responsible
for making their own reservations. The room rate at the Executive Plaza
is $119 for single or double occupancy, plus 14.9% tax. The hotel is a
short cab ride to the law school and provides easy access to Michigan Avenue
night life and shopping. Requests for accommodations made after May
4, 1999 cannot be assured. Be sure to tell the hotel reservation receptionist
that you are attending the Chicago-Kent College of Law Conference on
Not-For-Profit Organizations. To make reservations, write or telephone:
The Executive Plaza Hotel
71 East Wacker Drive
Chicago, IL 60601-3706
(800) 621-4005
Can't Attend?
r I
am unable to attend, but wish to order the course materials.
(Cost-$65.
Payment must be remitted in advance.)
r
I am unable to attend, but wish to order the audiocassette(s).
(Cost-$55
per workshop or $55 per plenary session. Payment must be remitted in advance.)
List workshops/plenary session(s):
Advisory Board
FACULTY SPONSOR
Philip N. Hablutzel, Professor
of Law
Chicago-Kent College of Law
David S. Chernoff, Esq., Associate
General Counsel
The John D. and Catherine T. MacArthur
Foundation
Thomas E. Chomicz, Esq.
Quarles & Brady LLC
Denis J. Conlon, Esq., Principal
Ernst & Young
Vincent J. Crowley, Partner
Arthur Andersen
Bruce E. Huey, Partner
Friedman & Huey Associates
Valerie S. Lies, President
Donors Forum of Chicago |
Donald G. Mulack,
Esq., Partner
McBride, Baker & Coles
Floyd D. Perkins, Bureau Chief
Charitable Trusts, Illinois Attorney General's
Office
Judith M. Picken, Esq., Assistant
District Counsel
Midwest Region, Internal Revenue Service
Janice E. Rodgers, Esq.
Quarles & Brady LLC
Susan Van Veen, Executive Director
CPA's for the Public Interest
Deborah T. Villa, Director
Continuing Legal and Professional Education,
Chicago-Kent College of Law
Felisia A. Wesson, Esq., General
Counsel
The Field Museum |
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