Monday, June 18, 2007

New IRS form targets charities' salaries - The Boston Globe

New IRS form targets charities' salaries - The Boston Globe: "New IRS form targets charities' salaries

By Sacha Pfeiffer and Beth Healy, Globe Staff | June 17, 2007

The charitable world is about to get a taste of the type of scrutiny over pay and governance that has become typical in corporate America -- courtesy of the Internal Revenue Service.


In the wake of numerous financial scandals at charities nationwide , the federal tax agency is introducing a new reporting form that would make it much harder for nonprofit organizations to conceal excessive salaries, lavish spending, and conflicts of interest."

Tuesday, June 12, 2007

Jobs, News and Views for All of Higher Education - Inside Higher Ed :: IRS Draws Lines for Political Advocacy

Jobs, News and Views for All of Higher Education - Inside Higher Ed :: IRS Draws Lines for Political Advocacy: "As the 2008 campaign begins to heat up, the Internal Revenue Service — which is responsible for carrying out federal tax law that restricts political activity by nonprofit organizations — has issued guidelines aimed at giving colleges and other tax-exempt organizations practical advice about where the lines are and how not to cross them."

Monday, June 11, 2007

GuideStar - News - Articles - IRS Updates, June 2007: Public Disclosure of IRS Form 990-T and Political Activities of Exempt Organizations

IRS UPDATE VIA Guidestar


GuideStar - News - Articles - IRS Updates, June 2007: Public Disclosure of IRS Form 990-T and Political Activities of Exempt Organizations: "IRS Updates, June 2007: Public Disclosure of IRS Form 990-T and Political Activities of Exempt Organizations

Note: The following discussion is provided for informational purposes only and is not intended to serve as legal or tax advice. For specific information about public disclosure of Form 990-T and political activities of exempt organizations, consult your attorney or tax adviser.

Last month, the IRS released interim guidance on public inspection of Form 990-T. Earlier this month, the service also published guidance on political activity by exempt organizations."

The Morning News: News : Bingo, Raffles Legal Under New State Law

The Morning News: News : Bingo, Raffles Legal Under New State Law: "Elks, veterans and Little Leaguers may need a little time before they know how new state regulations will affect their games of chance.

The new rules for legally operating games of chance confused many.

Hugh Wilson, Fayetteville-Springdale Elks Lodge, said his group might not be able to afford continuing bingo given taxes on cards and annual fees."

Nonprofits growing in Vermont: Times Argus Online

Nonprofits growing in Vermont: Times Argus Online: "Nonprofits growing in Vermont
State offers little oversight of groups
June 10, 2007

By PATRICK McARDLE Staff Writer

Vermont has approximately 7,400 registered nonprofit organizations, but that's the only number associated with this important sector of the economy that is possible to pin down.

That's because the state doesn't keep tabs on nonprofits once they've registered with the secretary of state. And the organization that did, the Vermont Association of Nonprofit Organizations, itself a nonprofit, went under a year ago. VANPO was forced to close abruptly for financial reasons June 16, 2006."

Friday, June 01, 2007

SJ-R.COM - State may get more plates

SJ-R.COM - State may get more plates: "Despite concerns expressed by law enforcement officials, Illinois legislators this year may add more than a dozen new specialty license plates to the 60-plus already available."

Grant program reforms on the way : State will help county create a 'more objective process' - Government

Grant program reforms on the way : State will help county create a 'more objective process' - Government: "Starting in September, nonprofits seeking county funds can go through the state's charity boot camp.
As part of reforms to the county's grant process announced this morning, Gov. Martin O'Malley's Grant Office agreed to provide free training to county nonprofits on how to secure private funding and to ensure money granted by Anne Arundel county is leveraged into results."

Princeton eating club qualifies for tax-exempt status - Newsday.com

Princeton eating club qualifies for tax-exempt status - Newsday.com: "NEWARK, N.J. -- An exclusive Princeton club is entitled to tax-exempt status as a historic site because it met the standards that were in place when it applied for a break on property taxes, the state Supreme Court ruled Wednesday.

The 7-0 ruling by New Jersey's highest court is a victory for University Cottage Club, one of about 10 private clubs that have served generations of Princeton University students and alumni."