Saturday, August 27, 2011

NYS Requests Financial Records from Nonprofits - WNYC

NYS Requests Financial Records from Nonprofits - WNYC: financial records of state-funded nonprofit organizations. A newly-created task force has asked non-profits to provide detailed information, including salaries of top executives earning over $100,000, annual revenue and how much money they pay out to grant recipients.

Benjamin Lawsky, superintendent of the Department for Financial Services, said some state-funded nonprofit groups receive big benefits, like property and corporate tax exemptions, in exchange for the services they provide.

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