Tax, Legal & Compliance
July 6, 2016 at 9:08 am
A Jewish group associated with the Kars4Kids charity is trying to wrest a Staten Island synagogue away from its congregation, the synagogue’s members charge. Oorah Inc., which is funded by Kars4Kids, claims in a lawsuit that the Young Israel of Eltingville synagogue owes it $1 million, a sum the congregation says it can’t afford to…
June 30, 2016 at 10:44 am
An earthquake fractured many lives in Haiti in 2010, with 1.5 million losing their homes and 160,000 losing their lives. To help Haitians pick up the pieces, many donated to the American Red Cross, which received about $487.6 million in donations. Those funds went to the Haiti Assistance Project, an initiative that projected to build 700 homes in the nation's poor neighborhood of Campeche...
June 24, 2016 at 10:20 am
A court order forced the IRS to release a lengthy list of groups that applied for nonprofit status and were given extra scrutiny based on their political views...
June 17, 2016 at 8:00 am
A couple of months ago, we talked about inputs, activities, outputs and outcomes, saying that the closer you can get to measuring whether you actually help people, the better you are. Charity Navigator measures the amount spent on activities. So according to the organization, you would be better off spending $20 to help 10 people…
June 16, 2016 at 10:35 am
The House has voted to bar the IRS from requiring nonprofit groups to list their donors on tax returns, saying the agency has failed to keep the information confidential. The bill was approved Tuesday, 240-182. Republicans say the IRS has shown it can't be trusted with the information, especially when it comes to conservative groups.…
June 10, 2016 at 1:20 pm
Mature charitable enterprises operating in today’s challenging environment view their compliance obligations through the lens of stewardship. They see risk and opportunity as two sides of the same coin. An organization that effectively manages its compliance risk is almost certainly, by definition, an organization poised to take expedient advantage of available opportunity...
June 9, 2016 at 10:55 am
In November 2015, a mysterious donor identifying himself as Juan Diaz Romero, a self-proclaimed Wall Street financier, delivered a $1.5 million check to the High School for Enterprise, Business and Technology in Brooklyn, New York. The school, understandably ecstatic, sent the check to the Department of Education, which gave the go-ahead for the school to start using the funds. But there was one minor issue. The check was fake...
June 6, 2016 at 8:13 am
After Jonathan Dunning left as CEO of Central Alabama Comprehensive Health (CACH) in Tuskegee, Ala., in late 2008, he still called the shots at the agency for the poor and homeless for at least two more years, former CACH employees testified Wednesday. "He was the boss," former CACH executive secretary Claudia Johnson testified at Dunning's…
June 3, 2016 at 9:41 am
A lawsuit filed in Dallas County Court on Tuesday by a nonprofit corporation against the NFL seeks up to $100,000 in damages. It accused the league of sending it “hush money” and committing fraud after it rescheduled a charity event away from a venue on casino property. According to the lawsuit, which was obtained by…
June 2, 2016 at 11:28 am
A Florida trial aimed to determine whether an education advocate was doing his job or extorting a school district official for money. A six-person jury convicted Clarence Shahid Freeman of extortion and unlawful compensation or reward for official behavior last week...
