The Basics of Compliance for Missions Organizations

Thursday @ 8:30am

This session focuses on the fundamentals of compliance for missions organizations. Discussion topics will include protecting the organization’s exempt status, excess benefit transactions, executive compensation-setting practices, unrelated business income, FBAR and FATCA reporting, foreign grant-making, and tax treatment of members of the clergy. Following this session, participants will be able to:

Learning Objectives:

[CPE 200 MIN - Tax]

Michael E. Batts, CPA

Managing Partner
Batts Morrison Wales & Lee

Mike Batts has extensive experience serving nonprofit organizations across the United States. He advises numerous Christian ministries on accounting, financial reporting, tax strategy, corporate structure, governance, international activities, and other matters. Mike currently serves on the board of ECFA. He previously served as the ECFA board chair. He chaired the Commission on Accountability and Policy for Religious Organizations, a national commission convened to provide policy advice to Congress, the Treasury Department, the Internal Revenue Service, and the nonprofit sector related to federal tax policy affecting religious and other nonprofit organizations.

Sally R. Wagenmaker, Esq.

Partner
Wagenmaker & Oberly

Sally is a partner at Wagenmaker & Oberly, a law firm serving nonprofit organizations with offices in Chicago and Charleston. She provides legal counsel in corporate, tax, employment, and real estate matters for clients including churches and other religious organizations, social service providers, and schools. Sally speaks regularly on nonprofit legal issues and writes through her law firm’s blog. She has authored numerous articles on tax-exempt topics including religious liberty issues, state exemption, governance, and political advocacy.Sally is actively involved with Christian Legal Society and is a member of the Illinois and Georgia bars.