The New IRS Form 990: What Does It Mean For Your ... - Venable LLP

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Brock R. Landry Partner 202.344.4877 brlandry@venable.com Practice Focus Clients Recent Significant Matters Client Benefits Brock Landry is Chairman of the Firm’s Government Division that includes over 150 lawyers in the legislative, regulatory, government contracts and local government practice areas. His own practice focuses on “trade association law,” which, for Mr. Landry, has a far reach. This broad area of law includes internal governance, non-profit taxation, antitrust, regulatory issues (environmental, health, and safety), international trade, standards development, litigation, legislative and general corporate matters. Mr. Landry's clients include: America’s Community Bankers; Composite Panel Association; Hardwood Plywood & Veneer Association; Metal Building Manufacturers Association; Roof Coatings Manufacturers Association; Managed Funds Association; Academy of Managed Care Pharmacy; American Forest & Paper Association; Bicycle Products Suppliers Association; American Iron & Steel Institute; Adhesive & Sealants Council; Recreation Vehicle Dealers Association of North America; United Way of the National Capitol Area and National Electrical Manufacturers Association; among others. Mr. Landry has worked with a variety of industry groups in avoiding onerous and unreasonable regulation. He was instrumental in devising and carrying out a strategy for the banking industry to alter capital proposals of the Federal Housing Finance Board that could have crippled the Federal Home Loan Bank system. For over thirty years, he has represented the wood products, furniture and cabinet industries in the regulation of formaldehyde emissions from their products in proceedings at OSHA, EPA, CPSC, HUD, OMB and various state agencies. Most recently, he served as counsel to the California Wood Industries Coalition in achieving reasonable formaldehyde regulations from the California Air Resources Board. He has successfully defended a range of industry associations in product-related conspiracy litigation. In Sizemore v. Georgia- Pacific, his client won summary judgment in one of the most extensive and favorable opinions describing the bases of associational liability and appropriate defenses. In the area of corporate governance, he was retained by the United Way of the National Capitol Area to assist in the rejuvenation of that charity after much publicized leadership improprieties. Mr. Landry brings to his work a full understanding of how industry coalitions and trade associations work to solve common problems and an approach to disputes which focuses first and foremost on effective negotiation and favorable resolution. His range of legal WWW.VENABLE.COM
experience brings broad perspective to any assignment. He brings broad substantive knowledge to projects from his work on trade association governance; contract negotiation; products liability, construction, and probate litigation; appeals; workers’ compensation and fire insurance rate-making; Customs classification and procedures; anti-dumping; lobbying; administrative law; product safety; and antitrust and distribution issues. Activities Articles/ Speeches Active in community, civic, and charitable efforts, Mr. Landry devotes time to the Cancer Research and Prevention Foundation, serving as a sustaining director and a member of the Finance Committee. He is a member of the District of Columbia and American Bar Associations. Mr. Landry is a frequent speaker before industry groups and trade associations. Recent speeches include “The Creative Use of Litigation by Associations,” for the American Society of Association Executives Legal Symposium and “Taking Your Case to the Public -- The Dark Side of The Force,” for the International Association of Association Management Companies. Distinctions J.D., University of Michigan Law School, 1974 Fettes College, Edinburgh, Scotland English Speaking Union International Fellow, 1965-1966 B.A., cum laude, Yale University, 1970 Bar Admissions: District of Columbia Illinois WWW.VENABLE.COM
Page 1 and 2: VALUE ADDED, VALUES DRIVEN ® . The
Page 3 and 4: Articles The 2008 Form 990: Putting
Page 5 and 6: earned and the year paid — has be
Page 7 and 8: Articles Association Trends Telling
Page 9 and 10: OLD AND NEW IRS FORM 990 - COMPARIS
Page 11 and 12: "OLD" FORM 990 "NEW" FORM 990 Whose
Page 13 and 14: Employee Benefits and Executive Com
Page 15 and 16: Employee Benefits Alert AUGUST 14,
Page 17: Employee Benefits Alert JULY 24, 20
Page 21 and 22: Foundation Board of Trustees, the G
Page 23 and 24: Patricia M. McDermott Partner 202.3
Page 25 and 26: George E. Constantine Partner 202.3
Page 27 and 28: ASSOCIATION & NONPROFIT PRACTICE GR
Page 29 and 30: OUR EXPERIENCE Venable brings to ea
Page 31 and 32: Below are highlights of some of the
Page 33 and 34: development of a new professional c
Page 35 and 36: egulatory practice is filled with s
Page 37 and 38: CONCLUSION Widely regarded as havin
Page 39 and 40: modifying them to conform to change
Page 41 and 42: that our clients achieve their busi
Page 43 and 44: efficient and practical manner. Our
Page 45 and 46: 1 The New IRS Form 990: What Does I
Page 47 and 48: 3 THE CORE FORM 990 Thora Johnson V
Page 49 and 50: 5 THE SUMMARY ‣ New to the Form 9
Page 51 and 52: 7 SNAPSHOT OF REVENUE ‣ Total con
Page 53 and 54: 9 WHAT’S NOT THERE (AND WAS IN TH
Page 55 and 56: 11 STATEMENT OF PROGRAM SERVICES
Page 57 and 58: 13 OTHER IRS FILINGS AND TAX COMPLI
Page 59 and 60: 15 QUESTIONS REGARDING BOARD AND MA
Page 61 and 62: 17 AND MORE QUESTIONS REGARDING BOA
Page 63 and 64: 19 MORE QUESTIONS REGARDING POLICIE
Page 65 and 66: 21 DISCLOSURE ‣ Make its Form 102
Page 67 and 68: 23 REMAINING SECTIONS OF CORE FORM
Page 69 and 70:
25 FORM 990 REPORTING: EXECUTIVE CO
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27 EXECUTIVE COMPENSATION - FORM 99
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29 COMPENSATION REPORTING - PURPOSE
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31 2008 FORM - GENERAL STRUCTURE FO
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33 CHANGES MADE BY DISCUSSION DRAFT
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35 THRESHOLDS FOR SCHEDULE J REPORT
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37 ADDITIONAL SCHEDULE J QUESTIONS
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39 PREPARING FOR IMPLEMENTATION ‣
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41 OVERVIEW OF THE SCHEDULES ‣ 16
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43 SCHEDULE A ‣ Change now allows
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45 SCHEDULE B ‣ No changes - requ
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47 Schedule D ‣ Supplemental Fina
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49 Schedule F ‣ Activities outsid
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51 Schedule F ‣ Requires grantmak
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53 Schedule G ‣ Describe relation
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55 Schedule I ‣ Grants and Other
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57 Schedule K ‣ Supplemental Info
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59 Schedule M ‣ Non-Cash Contribu
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61 Schedule N ‣ Liquidation, Term
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63 Schedule R ‣ Related Organizat
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65 Summary ‣ Significant new info
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Form 990 (2008) Part III Statement
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Form 990 (2008) Part IV 28 a 32 33
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Form 990 (2008) Part VI Governance,
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Form 990 (2008) Part VII Continued
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Form 990 (2008) Page 10 Part IX Sta
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SCHEDULE A (Form 990 or 990-EZ) Dep
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Schedule A (Form 990 or 990-EZ) 200
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Schedule B (Form 990, 990-EZ, or 99
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SCHEDULE C (Form 990 or 990-EZ) Dep
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Schedule C (Form 990 or 990-EZ) 200
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SCHEDULE D (Form 990) Department of
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Schedule D (Form 990) 2008 Part VII
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Schedule D (Form 990) 2008 Part XIV
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Schedule F (Form 990) Department of
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Schedule F (Form 990) 2008 Page 3 P
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SCHEDULE F-1 (Form 990) Department
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Schedule F-1 (Form 990) 2008 Page 3
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Schedule G (Form 990 or 990-EZ) 200
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SCHEDULE H (Form 990) Department of
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Schedule H (Form 990) 2008 Part VIV
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SCHEDULE I (Form 990) Department of
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SCHEDULE I-1 (Form 990) Department
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SCHEDULE J (Form 990) Department of
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Schedule J (Form 990) 2008 Page 3 P
Page 167 and 168:
SCHEDULE J-2 (Form 990) Department
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Schedule K (Form 990) 2008 Page 2 P
Page 171 and 172:
SCHEDULE M (Form 990) Department of
Page 173 and 174:
SCHEDULE N (Form 990) Department of
Page 175 and 176:
Schedule N (Form 990) 2008 Part III
Page 177 and 178:
Schedule N-1 (Form 990) 2008 Part I
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Schedule O (Form 990) 2008 Name of
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Schedule R (Form 990) 2008 Page 2 P
Page 183 and 184:
Schedule R (Form 990) 2008 Page 4 P
Page 185 and 186:
Schedule R-1 (Form 990) 2008 Page 2
Page 187 and 188:
Schedule R-1 (Form 990) 2008 Part I
Page 189:
Schedule R-1 (Form 990) 2008 Part V
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The New IRS Form 990: What Does It Mean For Your ... - Venable LLP

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