All 501(c)(3) organizations are required by law to file some version of IRS Form 990 annually, with the notable exception of churches. Since the establishment of Internal Revenue Code Section 501(c)(3), churches have been exempt from this annual reporting requirement. …
UPDATED (9:00 am, 10/1/2013): It happened. Most non-essential, federal workers are now furloughed until further notice. As of midday, Monday, September 30, 2013, both sides of the political aisle are firmly entrenched on the federal budget talks and neither side…
18 years old this month! Not me, of course, but Foundation Group. I say this every year when the middle of September rolls around, but time sure does fly by. It is so hard to believe it has been that…
Just this morning the CEOs of Guidestar, Charity Navigator and BBB Wise Giving Alliance released a co-signed letter calling for an end to what they call “The Overhead Myth”. This marks the first time the three leading nonprofit information providers…
It is a shocking development in a story that continues to explode. Lois Lerner, the Director of the Exempt Organization’s unit at the Internal Revenue Service, who is scheduled to appear before Congress tomorrow morning, has said through her lawyer…
Breaking News! – 6:45 pm (EDT), May 15, 2010 The first head has been chopped off in the unfolding IRS scandal. President Obama just announced the resignation of IRS Acting Commissioner Stephen Miller. Who’s next?
Foundation Group celebrated it’s 17th birthday last September. As the founder, I can tell you it is hard to believe that much time has passed already. As the cliche says, “Time flies when you’re having fun.” “Fun” may seem like…
Here we go again. Just when charities thought they dodged a bullet during the fiscal cliff negotiations in late 2012, it looks like the administration still harbors the desire to limit the deductibility of charitable donations by higher income donors…
For unto us a Child is born, Unto us a Son is given; And the government will be upon His shoulder. And His name will be called Wonderful, Counselor, Mighty God, Everlasting Father, Prince of Peace.- Isaiah 9:6
As we find ourselves nearing Christmas 2012, the media isn’t talking all that much about mistletoe, eggnog or even the end of the Mayan calendar. Instead, the lead story at the top of every hour is the so-called “fiscal cliff”…