Federal auditors claim that the University of New Orleans Research and Technology Foundation, a nonprofit created to support the University of New Orleans, failed to account for more than $19 million it received from the federal government to repair damage it sustained during Hurricane Katrina. The Office of the Inspector General at the Department of …
Posts Tagged: NonProfits
First Ice-Bucket Challenge Money Allocated
Who knew getting people to pour cold water over their heads could be so profitable? It may be hard to believe, but the ALS Association took in $115 million over the summer thanks to the ice-bucket challenge clogging your Facebook newsfeed. Deciding what to do with the windfall presented a challenge to the Association as …
Emailing Canadians? Read this First
Does your organization send fundraising emails to Canadians? Before you hit send, make sure that the correspondence is compliant with Canada’s new Anti-Spam Legislation (CASL), which went into effect on July 1, 2014. CASL doesn’t apply to all emails. If your nonprofit is simply emailing to request a donation then the law doesn’t apply. But …
MacArthur Fellows Include 5 Nonprofit Geniuses
There are geniuses among us in the nonprofit sector. The John D. and Catherine T. MacArthur Foundation recently named five of them as it doled out its much-coveted fellowships, popularly known as “genius grants.” And the nonprofit geniuses are: Mary Bonauto, a lawyer and civil rights project director at Gay & Lesbian Advocates & Defenders, …
Lerner Plays Victim in Exclusive Politico Interview
After refusing for the last 16 months to speak to Congress about the IRS targeting scandal, Lois Lerner, former head of the IRS Tax-Exempt and Government Entities Division, had a two hour interview with news organization Politico. In the article, Lerner denies wrongdoing and expresses pride in her career, telling Politico she is not sorry …
REJECTED! IRS Derails Hundreds of Forms 1023-EZ
Late last week the IRS announced that hundreds of streamlined applications for recognition of exemption (Forms 1023-EZ) were rejected. Most were rejected because of the same mistake: the applicant’s name and employer identification number (EIN) on the form did not match IRS records. This mismatch results in automatic rejection of an application. In order to …