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New York State Nonprofit Revitalization Act:
Remedial Action Plan for Compliance
$300 for Nonprofit Members of NYCON.
Purchase includes one hour of implementation assistance.
In December 2014, the Governor signed the Nonprofit Revitalization Actinto law. It is the first major revision of New York State Not-for-Profit Corporation Law (NFPCL) in over 40 years and most of its provisions took effect July 1, 2014. The Act comprehensively reformed the NFPCL and had a significant impact on the governance policies and practices of the state's nonprofits. In order to comply with the new laws, the vast majority of nonprofits still need to amend their bylaws and/or revise or adopt new policies.
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What is Included in the Remedial Action Plan for Compliance and How Can it Help Our Nonprofit?
In order to help ensure that member nonprofits are in statutory compliance in an expedient way, NYCON prepared the Remedial Action Plan for Corporate Compliance. The Plan provides a Resolution for the Board of Directors to adopt a "Statutory Compliance Article" as a bylaw amendment along with five accompanying policy documents to be attached as Appendices to the Bylaws. The Action Plan purchase also comes with one (1) free hour of implementation assistance (via phone) with a NYCON staff member.
Appendices Included in the Plan:
- Bylaws and Corporate Policy Definitions
- Board of Directors Conflict of Interest Policy
- Code of Ethical Conduct and Annual Potential Conflicts Disclosure Statement
- Whistleblower Protection Policy
- Audit Oversight Policy
This resource is available to current nonprofit members of NYCON.
If you would like to renew your membership, please click here.
If you are unsure of your membership status, please contact us.
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Update on Bylaw Review Services:
NYCON Members can now have their bylaws reviewed and revised for compliance with the new Nonprofit Revitalization Act as well as for other areas of improvement, including best practices. Learn More.
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Legal Reminder and Disclaimer:
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The documents provided in the Remedial Action Plan for Corporate Compliance are aimed at assisting not-for-profits to be minimally compliant to the Act in bylaw and policy statements.
Please be reminded that every Board of Directors has a fiduciary obligation to ensure that bylaw and policy statements are properly and consistently carried out in practice.
We encourage all users of this material to obtain qualified legal counsel and, where appropriate, guidance from a Certified Public Accountant (CPA) to advise in any modification and to specifically identify what other provisions in the Act may mean for your organization.
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