Nonprofit
“Temporarily Restricted” is a Binding Legal Concept (Garth Brooks v. Oklahoma Hospital)
As highlighted in Garth Brooks’s lawsuit against the Oklahoma hospital, a donor’s restrictions are a legally binding agreement. On January…
Over-stated Value of Donated Medicine Gets Charity in Big Trouble with the IRS
In an IRS report that Forbes qualifies as “blistering”, Food for the Hungry, an Arizona based nonprofit, is accused of…
501(c)(4) Lobbying and Political Activity Puts Donors On the Hook
The IRS is leaping into the political fray by notifying donors that their contributions to 501(c)(4)’s may be retroactively subject…
Talking about Financing Options for Nonprofits
We spoke with Kevin Quinn of the Wye River Group about financing options for nonprofits. Based in Annapolis, Maryland, Wye…
UPDATE: “Outlandish Expenditures” at Madonna’s Malawi Project
UPDATE: Newsweek has an article on the Raising Malawi issues in which they report that “only 27% of girls attend…
So What Type of Supporting Organization Are You?
All 501(c)(3) charities are classified as either a public charity or a private foundation. Classification as a public charity is…
Political Action Committees – Nonconnected Committees and Leadership PACS
Types of Political Action Committees There are several different types of political action committees (“PACs”) which include (1) corporate or…
WHAT IS THE EFFECT OF CITIZENS UNITED ON POLITICAL ACTIVITIES OF NONPROFIT CHARITIES AND PRIVATE FOUNDATIONS?
President Obama brought the flak around the recent Supreme Court case Citizens United vs. Federal Election Commission to an even…
IRS Renewed Interest in Compensation and Benefits Paid by Nonprofits: A Visit to the Private Inurement and Excess Benefit Transaction Topic in Today’s Environment
The new and expanded Federal Form 990 (return for exempt organizations) is an indication that the Internal Revenue Service (IRS)…
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