Wednesday, August 27, 2014

NY Times on the U.S. Tennis Association and Possible Director Conflicts

UstaThe New York Times reports that members of the Board of Directors for the section 501(c)(6) United States Tennis Association appear to have numerous conflicts of interest.  For example, the article reports that one board member's company is the largest single contractor with the USTA, receiving almost $3 million in 2012, and another board member is the executive director of a nonprofit that received almost $1 million in grants from a USTA charitable affiliate over three years.  In response, the USTA denied that the board members had any say in the decision that led to funds going to organizations with which they are affiliated.

Lloyd Mayer

http://lawprofessors.typepad.com/nonprofit/2014/08/ny-times-on-the-us-tennis-association-and-possible-director-conflicts.html

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