Charles A. Borek, Esq., MA, MBA, CPA

Senior Counsel | Nonprofit & Charitable Giving Practice

Charles (Chuck) Borek serves as Senior Counsel at FPLG, is a member of the firm's nonprofit and tax-exempt organizations and charitable giving practice groups, and leads FPLG's Maryland offices.

After earning his Juris Doctor and Master of Business Administration, summa cum laude, from the University of Baltimore, where he also served as the Editor-in-Chief of the Law Review, Mr. Borek has honed a specific expertise in the representation of his purpose driven clients.

Mr. Borek currently serves as an adjunct professor of law at American University, after serving on the faculty of the University of Baltimore School of Law, and he has lectured at Penn State University, the National Constitution Center, and the American Law Institute. Mr. Borek serves as a resource for Thomson-Reuters, Bloomberg BNA, and the AICPA, and he has written a treatise on contract drafting, which is currently in its third edition.

As a life-long learner, Mr. Borek is currently working towards earning his Doctorate in Public Theology and Creative Writing.

Areas of Expertise

Nonprofit & Tax Exempt Organizations Estate Planning & Charitable Giving Nonprofit & Business Accounting Social Enterprise & Business Law

Admissions

Maryland Bar
Maryland Certified Public Accountant

Education

Juris Doctor, University of Baltimore School of Law, summa cum laude
Editor in Chief, University of Baltimore Law Review
Master of Business Administration, University of Baltimore
Bachelor of Arts, Philosophy & Religion, Mary Washington College
Master of Arts, Theology and Literature, with honors, Wesley Theological Seminary
Doctor of Ministry (candidate), Public Theology & Creative Writing, Pittsburg Theological Seminary

Speaking Engagements

American Institute of Certified Public Accountants, Annual Tax Update, 2008 – present
Discussion Leader, Surgent CPE, LLC (2010 – present)
Shemer Bar Review, Business Associations, 2000– 2019
American Law Institute, Accounting and Financial Reporting Issues for Lawyers, 2011-2015
Western CPE, Federal Tax Update, 2012

Teaching Engagements

Adjunct Professor of Law, American Univ. Washington College of Law (2013 – present)
Adjunct Professor or Law, University of Baltimore School of Law (1994 – present)
Visiting Assistant Professor of Law, University of Baltimore School of Law (2002 – 2005)
Associate Professor of Business Law, Prince George’s Community College (1999-2002)
Course Developer, Bloomberg/BNA Tax & Accounting (2010 – present)
Course Developer, Thomson Reuters (2015 – present)

Publications

Business Planning Guidebook (MSBA, 2nd ed., 2022)
Contract Drafting and Review for the Maryland Lawyer (MSBA, 3rd ed., 2020)
Legal Issues for Accountants and Auditors Advising Business Entities, BNA Accounting Policy and Practice Portfolio Series (2014)
Hospital Accounting, BNA Accounting Policy and Practice Portfolio Series (2012)
Social Science Explanations for Disparate Outcomes in Tax Court Abuse of Discretion Cases: A Tax Justice Perspective, 33 Cap. U. L. Rev. 623 (2005)
Decoupling Tax Exemption for Charitable Organizations, 31 Wm. Mitchell L. Rev. 183 (2004)
Corporate Taxation's Square Peg: An Analysis Of Possible Solutions to the Problem Of Characterizing “Tracking Stock” For Tax Purposes , 43 Cath. U. L. Rev. 1107 (1994)
The Public Policy Doctrine and Tax Logic: The Need For Consistency In Denying Deductions Arising From Illegal Activities, 22 U. Balt. L. Rev. 45 (1993)

7.6.2023

Webinar

GAAP for Nonprofits

Aurora Training Advantage

FPLG Senior Counsel Chuck Borek will be presenting on GAAP for Nonprofits, the main method of communicating the fiscal health of an organization is its financial statements. Evaluating the status of a nonprofit organization, however, require metrics different from those applied to for-profit entities. For this reason, GAAP mandates special accounting methods and procedures for nonprofits; understanding those rules is essential to comprehending the performance and outlook of charities and other nonprofit organizations. In this webinar we will discuss the basic areas where nonprofit accounting and financial reporting differs from for-profits and what those differences reveal. The topics discussed will include: - How “equity” is reflected on a nonprofit’s financial statements - Reporting charitable contributions - The difference between accounting and tax rules - Understanding functional expense reporting - Nonprofit disclosures you should pay attention to

Speakers