NEO Law Group

NEO Law Group believes that healthy nonprofits are more effective at creating positive change. We help create and maintain legally compliant nonprofits that have strong foundations on which to build great programs. And we provide practical and affordable counsel, giving leaders reassurance and confidence to best further their valuable missions.

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Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The House made history Wednesday by impeaching a president for a second time, indicting President Trump a week before he leaves office for inciting a riot with false claims of a stolen election that led to the storming of the Capitol and five deaths.” Washington Post “The F.B.I. on…
The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (the “2021 COVID Relief Act”) was signed into law on December 27, 2020. The 2021 COVID Relief Act is a $900 billion part of the $1.4 trillion omnibus spending and appropriations bill that is viewed as the sequel to the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), the largest stimulus bill in the country’s history. The National Council of Nonprofits offers a…
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “In 24 hours, Congress reconvened in a Capitol breached and battered by a pro-Trump mob, formalized Mr. Biden’s victory over the objections of more than 100 Republican lawmakers and found itself on the brink of impeaching President Trump a second time.” NY Times “Democrats won unified control of the…
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The U.S. stock market ended 2020 at all-time highs, enriching the wealthy and capping off a soaring comeback despite a deadly pandemic that has killed more than 340,000 Americans and left millions jobless and hungry.” Washington Post “President Trump unexpectedly capitulated Sunday night and signed the stimulus bill into…
2020 was a horrendous year for much of the world and for the nonprofit sector. But it came with reminders of longstanding problems and prices to pay for past actions and inactions, which will hopefully catalyze changes that need to be made in 2021 and beyond. For us at NEO Law Group, Erin and I became part-time Lecturers at Columbia University, we were able to work on some critical transactions in the racial equity space,…
2020. A devastating year for so many. But it will also be remembered as an inevitable one that forced us to confront some long-standing problems. Here is our list of 10 significant news events of 2020 affecting the nonprofit sector in the United States: COVID-19 (more than 325,000 deaths and 18 million cases in the U.S.) – See Nonprofits and Coronavirus, COVID-19 (National Council of Nonprofits); The Impact of COVID-19 on Large and Mid-Sized Nonprofits…
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “House Republicans on Thursday blocked an effort by House Democrats to approve $2,000 stimulus payments for millions of Americans. Democrats were seeking to advance the measure after President Trump demanded it Tuesday night, breaking with many of his fellow Republicans.” Washington Post “After seemingly endless negotiations, Britain and the…
Here are some updates from the California Franchise Tax Board (FTB) affecting nonprofit tax-exempt organizations: Changes Effective January 1, 2021 Form 3500 Application Fee Eliminated – Form 3500 applications received on or after 01/01/2021 will no longer require the $25 application fee. FTB will use the received date as the determining factor, so applications mailed prior to this date, but not received until after this date will no longer need the fee. Payments attached to…
The following are some of the highlights from the session on Nonprofits in Distress at the 2020 Western Conference on Tax Exempt Organizations (WCTEO), presented by Erin Bradrick (NEO Law Group), Ofer Lion (Seyfarth Shaw), Tania Moyron (Dentons), and Stephanie Petit (Adler Colvin): Zone of Insolvency, Bankruptcy, and Debt Restructuring Under California law, directors do not owe a fiduciary duty to creditors solely by virtue of the corporation operating in the zone of insolvency. Bankruptcy…
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “President-elect Joe Biden chose Rep. Deb Haaland (D-N.M.) Thursday to serve as the first Native American Cabinet secretary and head the Interior Department, a historic pick that marks a turning point for the U.S. government’s relationship with the nation’s Indigenous peoples. … In addition to Haaland, Biden has turned…