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This one-day seminar is designed for experienced attorneys, accountants,
not-for-profit executives and staff, and board members. The conference
features a comprehensive program at a mid-to-advanced level of
discussion on the most current developments in taxation, legislation
and regulation of non-profits.
Co-Sponsors:
CPAs For the Public Interest
Donors Forum of Chicago
Internal Revenue Service
Program Highlights
»
IRS Focus 2007
» Highlights
of the Pension Protection Act of 2006
» Employment
Law Update
»
IRS Compliance & Enforcement Issues
» Accounting
Issues - For Grants and Other Restricted Funds
»
Intellectual Property Update
»
Executive Compensation
»
E-Filing Form 990
»
Attorney General’s Office Report
»
Understanding and Planning for Unrelated Business Income
»
Employee Benefits Update
Program Schedule
FRIDAY, JUNE 8, 2007
8:00-8:45
Registration
8:45-9:00
Welcome & Announcements
Philip N. Hablutzel, Faculty Sponsor, Professor of Law,
Chicago-Kent College of Law
Thomas E. Chomicz, Quarles & Brady LLP, Conference
Co-Chair
CURRENT DEVELOPMENTS AFFECTING NOT-FOR-PROFIT
ORGANIZATIONS
Moderator: Janice E. Rodgers, Quarles & Brady LLP,
Conference Co-Chair
9:00-9:45
IRS Focus 2007
» This session will
provide insight into the IRS’s priorities for exempt organizations
during the coming year.
Robert S. Choi, Director, EO Office of Rulings &
Agreements, IRS
9:45-10:45
Highlights of the Pension Protection
Act of 2006
» The Pension Protection
Act of 2006, signed by President Bush in August, contains incentive
and reform provisions that affect donations to and operations
of nonprofits. This session will provide an overview of the changes,
and how new federal rules will impact your organization and donors.
D. Gregory Goller, National Partner-in-Charge of Not-For-Profit
Tax Services, Grant Thornton LLP
Ronald J. Schultz, Senior Technical Advisor to the Commissioner,
TEGE, IRS
10:45-11:00
Break
11:00-11:45
Panel Discussion and Questions
11:45-12:25
Buffet Luncheon
12:30-1:45
CONCURRENT WORKSHOPS
Employment Law Update
» This workshop will
cover hot topics in employment law that affect not-for-profit
organizations. It will include discussions of both current legal
issues and practical advice and solutions for dealing with those
issues.
Victoria L. Donati, Neal Gerber & Eisenberg LLP
IRS Compliance & Enforcement Issues
» This workshop will
describe IRS Exempt Organizations Compliance Unit (EOCU) operations,
including letters and compliance checks (about 5,700 annually)
and will help you predict likely recipients of EOCU correspondence
for 2007 and 2008.
Kathie Averett, Tax Analyst, Internal Revenue Service
Accounting Issues - For Grants and Other
Restricted Funds
» This workshop will
discuss how the new statements on auditing standards (SAS) may
impact the way in which external auditor’s audit these type
of funds and what best practices are for organizations that may
need to respond by adjusting internal accounting and control systems
over grants.
James R. Thomas, Clifton Gunderson LLP
1:45-1:50
Short Break
1:50-3:05
CONCURRENT WORKSHOPS
Intellectual Property Update
» This session will
review the types of intellectual property which
Not-For-Profits have and are likely to overlook protecting. Included
will be issues in copyright, trademark, and the right to publicity.
Harold J. (Jack) Fassnacht, Clausen Miller PC
Philip N. Hablutzel, Chicago-Kent College of Law
Executive Compensation
» This workshop will summarize the key components
of executive compensation and how tax exempts structure pay programs;
review the latest regulatory trends and issues in tax-exempt organization
executive compensation; and discuss the market challenges facing
many tax-exempt organizations.
Andrew Lewis, Mercer Human Resource Consulting
E-Filing Form 990
» This workshop will focus on completing Form
990: areas that are problematic for organizations and practitioners;
electronic filing requirements; and changes to the form.
Morton S. Kessel, RSM McGladrey Inc.
David M. Faje, RSM McGladrey Inc.
3:05-3:15
Break
3:15-4:35
CONCURRENT WORKSHOPS
Attorney General’s Office Report
» This workshop will provide an update on current
legislative developments, litigation and other topics of interest
to not-for-profits.
Moderator: David S. Chernoff, The John D. and Catherine
T. MacArthur Foundation
Barry S. Goldberg, Office of the Illinois Attorney General
Therese Harris, Office of the Illinois Attorney General
Understanding and Planning for Unrelated
Business Income
» This workshop will review the differences between
related and unrelated business income as well as exceptions and
modifications to UBI available under the law. It will look at
the impact of those portions of the Pension Protection Act focused
on UBIT. Finally, it will analyze the impact of new tax cases
and revenue rulings that address UBIT and UBIT planning specifically
focusing on the use of blockers in managing the UBIT tax consequences
of private equity and other alternative investments.
Brian T. Whitlock, Blackman Kallick Bartelstein, LLP
Employee Benefits Update
» This workshop will focus on recent legal developments
applicable to 403(b) tax sheltered annuity plans and ineligible
deferred compensation plans under Code Section 457, with a particular
focus on recent 403(b) regulations and the impact of new Code
Section 409A on nonqualified deferred compensation plans.
Robert D. Rothacker, Quarles & Brady LLP
General Information
Program Location
The conference will be held at Chicago-Kent College of Law,
565 West Adams Street in Chicago.
Confirmation of Registration
A letter of confirmation will be mailed to the address given on
your registration form.
Confirmation of Attendance
A certificate of attendance will be provided at registration.
Cancellations and Refunds
Written notification of cancellation is required. A full tuition
refund is available if notification is received prior to May 18,
2007; 25% will be charged if notification is received between
May 18 and June 1, 2007. No refunds will be granted after June
1, 2007. If your register with a purchase order or a voucher
and do not cancel your registration in accordance with this policy,
you will be charged 25% of the registration fee.
CPE Credit
7.0 hours on a “50-minute” credit hour. Chicago-Kent
College of Law is a registered public accountant professional
education sponsor in Illinois.
MCLE Credit
Chicago-Kent College of Law is an accredited CLE provider for
Illinois MCLE. This conference is eligible for 6.25 hours
on a “60-minute” credit hour; 7.0 hours on a “50-minute”
credit hour. The actual number of approved hours may vary from
state to state.
For additional information:
Please call the Office of Continuing Legal & Professional
Education,
Chicago-Kent College of Law, (312) 906-5090, or send an email
to clestaff@kentlaw.edu
Hotel Accommodations
For the convenience of out-of-town attendees, hotel accommodations
have been made at the Club Quarters, Central Loop. The Club Quarters,
Central Loop is a no frills accommodation located in the heart
of the financial district just minutes from Michigan Avenue and
a short walk to Symphony Center, the Art Institute, and Board
of Trade. The room rate at the Club Quarters, Central Loop is
$148 for a Superior room, plus 15.4% tax. Please make reservations
directly with the hotel. Requests for accommodations cannot be
assured if made after April 26, 2007. Please mention to the hotel
reservation receptionist that you are attending the Chicago-Kent
College of Law Conference on Not-For-Profit Organizations.
To make reservations:
Club Quarters, Central Loop
111 W Adams Street
Chicago, IL 60603
(312) 214-6400
Fax (312) 601-3300
www.clubquarters.com
To make reservations with the Club Quarters:
Please use group code “IIT502”
Program Faculty
Kathie Averett
Tax
Analyst
Internal Revenue Service, Ogden, Utah
David S. Chernoff
Associate
General Counsel
The John D. and Catherine T. MacArthur Foundation
Robert S. Choi
Director, EO Office of Rulings & Agreements
Internal Revenue Service, Washington, DC
Victoria L. Donati
Neal Gerber & Eisenberg LLP
David M. Faje
RSM McGladrey
Inc.
Harold J. (Jack) Fassnacht
Clausen Miller PC
Barry S. Goldberg
Assistant Attorney General, Office of the Illinois Attorney
General
D. Gregory Goller
National Partner-in-Charge of Not-For-Profit Tax Services
Grant Thornton LLP, Washington, DC
Philip N. Hablutzel
Professor of Law, Chicago-Kent College of Law
Therese Harris
Bureau Chief, Office of the Illinois Attorney General
Morton S. Kessel
RSM McGladrey Inc.
Andrew Lewis
Mercer Human Resource Consulting
Janice E. Rodgers
Quarles & Brady LLP
Robert D. Rothacker
Quarles & Brady LLP, Milwaukee, Wisconsin
Ronald J. Schultz
Senior Technical Advisor to the Commissioner
Internal Revenue Service, Washington, DC
James R. Thomas
Clifton Gunderson LLP
Brian T. Whitlock
Blackman Kallick Bartelstein, LLP
Advisory Board
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David S. Chernoff
Associate General Counsel
The John D. and Catherine T. MacArthur Foundation
Thomas E. Chomicz
Partner
Quarles & Brady LLC
Conference Co-Chair
Denis J. Conlon
Partner
Martin, Brown & Sullivan, Ltd.
Philip N. Hablutzel
Professor of Law
Chicago-Kent College of Law
Faculty Sponsor
Bruce E. Huey
Partner
Friedman & Huey Associates
Valerie S. Lies
President
Donors Forum of Chicago
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Floyd D. Perkins
Partner
Ungaretti & Harris
Judith M. Picken
Area Counsel, (Tax Exempt/Government Entities), Great Lakes
Gulf Coast, Internal Revenue Service
Janice E. Rodgers
Partner
Quarles & Brady LLP
Conference Co-Chair
David S. Rosen
Senior Vice President, Endowments
Jewish Federation of Metropolitan Chicago
Karen Rosen
Director
CPAs for the Public Interest
Deborah T. Villa
Senior Director
Continuing Legal and Professional Education, Chicago-Kent
College of Law
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