New Posts

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

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Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

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Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

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Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

  UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

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House Tax-Exempt Hearing

Here is the link to the House hearing. The testimony is up, even though they have not posted the transcript yet.

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Accountabilty Field Mtg Sponsored by Foundations

Charities and philanthropies will speak out on ways to have more oversight and governance within the nonprofit sector at a Field Meeting at the Westin - Southfield (1500 Town Center) on April 27 from 1:00 p.m. to 4:00 p.m., in Southfield, MI.

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IRA Rollover Legislation Introduced in House

On Wednesday, April 13, 2005, Representatives Wally Herger (R-CA) and Earl Pomeroy (D-ND) introduced a stand-alone IRA charitable rollover bill. H.R. 1607, the "Public Good IRA Rollover Act," allows individuals to contribute amounts currently held in IRA accounts directly to qualified charities without having to first recognize the income for tax purposes and then take a charitable deduction. For an outright gift to a charity, a person must be at least 70 1/2. For split-interest gifts (i.e.

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Free E-Filing for IRS Form 990 Available

The National Center for Charitable Statistics (NCCS) is offering free electronic filing for nonprofits that file the annual Form 990 to the Internal Revenue Service (IRS) online. The process offers features that make filling out the form easier and helps make it more accurate.

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Senate Finance Committee Discusses Nonprofit Accountability

On April 5, the Senate Finance Committee continued its examination of accountability, governance and oversight of the nonprofit sector in a hearing titled "Charities and Charitable Giving: Proposals for Reform." The hearing focused mostly on the valuation of non-cash contributions, excessive compensation, transparency and the sharing of information.

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Senate May Hold Hearing on Land Donations

At an American University College of Law conference on Monday, a Senate Finance Committee staffer indicated that the committee plans to hold another hearing this spring on abuses in the charitable sector. According to the staffer, the hearing will focus on land donations, including the committee’s review of the operations of The Nature Conservancy. The staffer did not indicate a date or time for the hearing.

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Senate May Have Hearing on Land Donations

At an American University College of Law conference on Monday, a Senate Finance Committee staffer indicated that the committee plans to hold another hearing this spring on abuses in the charitable sector. According to the staffer, the hearing will focus on land donations, including the committee’s review of the operations of The Nature Conservancy. The staffer did not indicate a date or time for the hearing.

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Most Nonprofits Already Accountable

Preliminary results from a survey distributed to hundreds of private, nonprofit, charitable organizations by the Johns Hopkins Nonprofit Listening Post Project during March 2005 revealed that substantial proportions of the country's nonprofit organizations are already utilizing most of the financial disclosure practices under review by the Senate Finance Committee to improve nonprofit governance and accountability. href=http://www.ncna.org/_uploads/documents/live//Communiqe4_Governance_and_ Accountability.pdf ntability.pdf> > Check it out!

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House Hearing on the Tax-Exempt Sector

Congressman Bill Thomas (R-CA), Chairman of the Committee on Ways and Means, today announced that the Committee will hold a hearing titled “An Overview of the Tax-Exempt Sector.” The hearing will take place on Wednesday, April 20, 2005, in the main Committee hearing room, 1100 Longworth House Office Building, beginning at 10:30 a.m.

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Statements From Finance Cmte Hearing on Web

The Senate Finance Committee posted the testimony from yesterday's hearing on nonprofit revenue-raisers and accountabilty. Sens. Schumer and Santorum had some interesting remarks noting that some of the accountabilty measures will be unduly burdensome on small nonprofits. Santorum raised the additional point that it is uncertain whether more vigilant enforcement by the IRS would make nonprofits more accountable. Hopefully, they will continue to stand their ground as legislation moves forward.

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Resources & Research

Living in the Shadow of Danger: Poverty, Race, and Unequal Chemical Facility Hazards

People of color and people living in poverty, especially poor children of color, are significantly more likely...

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A Tale of Two Retirements: One for CEOs and One for the Rest of Us

The 100 largest CEO retirement funds are worth a combined $4.9 billion, equal to the entire retirement account savings of 41 percent of American fam...

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more resources