A Foundation Group employee caught wind of this story at examiner.com, and we felt the need to share it: Tiger the cat has lived in the same home for nearly his entire life. But at the age of seven, Tiger…
There has been a development in a story we have been following for a few months. Earlier this year, a U.S. federal judge ordered the IRS to release Forms 990 in a computer-readable format after a court battle with open-records…
It seems like hardly a week goes by that the news doesn’t report a serious data breach somewhere. Well, this time it involves tax exempt entities. A site that is used to process tax forms for nonprofit organizations on behalf…
According to USA Today, the NFL league office will become a taxable entity after 70 years of operating as a 501(c)(6) business league. Despite having confirmation from the IRS regarding its status as a tax-exempt organization, the NFL has decided the…
The Financial Accounting Standards Board (FASB) is the regulatory body that governs, well, accounting standards. FASB is recommending some pretty significant changes to the way nonprofits present their financial information. These proposed changes, the first in over 20 years, would…
The California Association of Nonprofits (known as CalNonprofits) has urged Charity Navigator to make two big changes in the way the organization evaluates nonprofits. The group sent Charity Navigator a letter after recent news of the watchdog’s CEO Ken Berger…
We’re a few days late in reporting this, but it is still big news. The Justice Department announced that it will not seek criminal contempt charges against former head of IRS Exempt Organizations Division, Lois Lerner. We have chronicled the…
Ken Berger, who has led Charity Navigator for nearly the past seven years, has abruptly decided to leave his position with the organization, the Chronicle of Philanthropy reports. Berger stated in an interview that the organization “has been going through…
It’s that time of year again… time to start thinking about your organization’s tax return filing. Some may not be aware of this annual requirement, or what even goes into this form. We created an FAQ to give a better understanding…
The House of Ways and Means committee passed seven bills this week, all of which aim to reform the IRS. It is part of the GOP House’s efforts to come up with a 2016 fiscal year budget. Here is the…