U.S. Hearing Focuses on Nonprofits

Business community to aid Perdue | ajc.com: "U.S. hearing focuses on nonprofits
In recognition of Atlanta's role as a center for nonprofits, a federal hearing on improving the oversight and governance of the philanthropic sector is to be held today at the Atlanta History Center.
The U.S. Senate's Finance Committee established the Panel on the Nonprofit Sector to hear how the charitable community can improve its business practices.
'Atlanta is a true center for not-for-profit organizations,' said Dr. John Seffrin, president of the American Cancer Society.
Seffrin believes the panel will recommend that nonprofits improve their own governance by implementing conflict-of-interest guidelines and establishing active audit committees. He also said that every nonprofit with a budget of more than $2 milllion would be encouraged to file its federal 990 forms electronically.
The panel will deliver its final report to the U.S. Senate later this spring."