1)The legal framework for nonprofit organizations is quite d

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1)The legal framework for nonprofit organizations is quite diverse in its purpose and category. As a result of the Enron scandal, the Sarbanes-Oxley Act was passed in 2002 and most of its focus and attention was paid to the for-profit sector and its compliance with federal regulations. Recently, the IRS has now turned its attention and applied some of the same standards to nonprofit organizations. With the increased scrutiny being focused toward the nonprofit sector, many organizations are either being fined or losing their tax exempt status. 2)In this discussion, identify the category that your nonprofit initially filed as and provide an analysis as to its current state of compliance with that filing and how it does, or doesn’t, pass the tests and doctrines defined in the Renz text (pages 47–53). Use the organization’s most recent 990 filing to identify its efforts toward better governance and reporting of its revenue sources, including any social enterprise ventures and unrelated business income. 3) Nonprofits historically have been the driving force in creating social change. The road to creating this change can be much like a juggler in a circus—there are many balls thrown up in the air, from government to business to individuals and other nonprofit networks. In order for the nonprofit to succeed it must keep its eyes on all of the balls and not let any fall to the ground. 4) Using your social cause topic and organization and what we have already learned, propose an idea for a new social entrepreneurship and enterprise activity in the areas of both earned income and corporate philanthropy. Provide a level of detail that includes the rationale for what you have selected and what the anticipated outcomes would be. Substantiate your selection of corporate philanthropic activities and its relation to your nonprofits mission and cause. 5) Using your social cause topic and organization and what we have already learned, propose ideas for creating new alliances and networks that would meet either a new or current social entrepreneurship or enterprise activity in your nonprofit. Provide a level of detail that includes the rationale for what you have selected and what the anticipated outcomes and advantages would be from each of these alliances.

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