IRS to Require More Disclosure of Officials’ Salaries
IRS to require more disclosure of officials’ salaries
By Sam Kean
Contributor
Longtime Nonprofit Leaders Cite Financial Security Worries
Money — in particular, the lack of it — keeps many veteran nonprofit leaders on the job year after year. Many baby boomers were pioneers when they started their nonprofit work, creating new organizations ALSO SEE:ARTICLE: Potential Charity Leaders See Top Job as Unappealing, New Survey…
By Sam Kean
Contributor
IRS Clarifies Standard for Hospitals
In a letter to a trustee at NewYork-Presbyterian Hospital, an official at the Internal Revenue Service has clarified what standards hospitals must follow to prove they are serving the public, often called a “community benefit” standard. Eric Solomon, an assistant secretary for tax policy, wrote…
By Sam Kean
Contributor
The Internal Revenue Service announced it will investigate U.S. citizens in connection with a charity tax scandal in Liechtenstein. Foundations in Liechtenstein are not required to serve a charitable purpose and are allowed to give money to founders or their family members, and a number of European…
By Sam Kean
Contributor
IRS Investigates Churches Over Politicking Charges
The Internal Revenue Service is inquiring into the political activities of the United Church of Christ after Sen. Barack Obama gave a speech there last summer. The church, which has 1.2 million members, invited Mr. Obama, who is seeking the Democratic presidential nomination, to deliver a talk as…
By Sam Kean
Contributor
Veteran managers don’t always share views of youthful workers Concern about a leadership void at nonprofit organizations has been mounting in recent years — especially ALSO SEE:ARTICLE: Potential Charity Leaders See Top Job as Unappealing, New Survey RevealsARTICLE: Longtime Nonprofit Leaders Cite…
By Sam Kean
Contributor
New Program Aims to Educate 10,000 Women in Poor Countries
Program aims to educate 10,000 women in poor countries
By Sam Kean
Contributor
Congressional Aide Discusses Possible New Endowment Rules
Congressional aide discusses possible new endowment rules
By Sam Kean
Contributor
IRS Explains How It Handles Complaints
For clarification on how it informally investigates organizations after receiving complaints, the IRS has issued two memos. The first notice describes how the agency checks nonprofit groups to make sure they deserve tax-exempt status and have not violated any laws or regulations that would endanger…
By Sam Kean
Contributor
‘E-Postcard’ Unveiled for Small Charities
The Internal Revenue Service has released its Form 990-N, also known as an “e-postcard,” a new tax document required of groups with annual gross receipts of less than $25,000. Previously only groups that earned $25,000 or more yearly had to file with the IRS, but the Pension Protection Act of 2006…
By Sam Kean
Contributor