Conflict of Interest Statements and Policies
Information for non-profits, presented by APNQ as a service to our fellow nonprofit organizations
Starting with 2005 federal tax returns, there is now a question asking if the organization has a written Conflict of Interest Policy (signed by board members and management employees). This requirement came about as a result of the Sarbanes-Oxley Act which was passed in response to the accounting scandals at companies such as Enron, etc. Although this Act mainly impacted publicly traded companies, there was also an impact on non-profits.
Here are 3 downloadable forms that your organization can use for your own records to comply with this act.
The Word files can be saved and edited to include your organization's information. The PDF is available for viewing the document before downloading.
- Conflict of Interest Policy Statement Word document or view document as a PDF
Conflict of Interest Disclosure Form Word document or view document as a PDF
Gift Policy and Disclosure Form Word document or view document as a PDF
If your group would like additional information on the Sarbanes-Oxley Act as it relates to non-profits, the following websites have useful information:
- The Sarbanes-Oxley Act and Implications for Nonprofit Organizations - website link to Guidestar.org
De-Facto Conflict of Interest Policy Requirement - PDF by BoardSource and Independent Sector
The New Form 990 – Return of Organization Exempt From Income Tax - PDF by Latham & Watkins