Tax, Legal & Compliance
West Virginia Gov. Earl Ray Tomblin announced Tuesday that state officials may reconsider contracts with Clay County Development Corporation, the nonprofit group that the Gazette-Mail reported on Sunday would allow a director who made a racist Facebook post about first lady Michelle Obama to return to her job. The governor also announced that the state…
Your nonprofit provides critically needed services for individuals and our communities. Funding your programs requires building the trust necessary to ensure an ongoing stream of grants and donations. Take some time to rigorously evaluate whether you are taking the necessary measures to protect the trust you’ve earned and strengthen the trust required for ongoing sustainability...
Shurat HaDin (the Israel Law Center) has launched a social media campaign to gain support for a $1 billion lawsuit against the king of social media, Facebook. The Tel Aviv-based nonprofit organization specializes in fighting terrorists in court. Its successes have included a $655 million jury award in New York in 2015 against the Palestinian…
The Obama administration said that it will challenge a federal court's decision to block President Barack Obama's rule to amend overtime regulations. The Department of Labor filed a notice of appeal to the U.S. District Court for the Eastern District of Texas on Thursday, the same day the new rule was set to take effect...
Concerns raised about some processes and practices employed by the Goodwill Omaha board of trustees provide valuable object lessons for members of every nonprofit board. Such board members play an important role as stewards of not only their donors’ money but also of their organization’s reputation. As such, they must be wary of even the…
Around this time of the year, we nonprofits work to bring in year-end donations, incurring paper cuts and envelope-tongues in the process (seriously, the glue stick is your friend). Around this time also is when people start pushing guides about which nonprofits to give to, warning of shady nonprofits that spend too much on overhead…
The Illinois Holocaust Museum and Education Center in Skokie, Ill., is on firm financial footing. Its supporters include some of the city's most philanthropically minded people. Private donors fund almost all of its $10 million annual budget, and it has nearly completed a $30 million capital campaign launched in 2015. What it doesn't have: top…
The new overtime regulations may be implemented or repealed in the coming months. How will nonprofits handle the situation if the regulated overtime pay is no longer required? If they have implemented an overtime-pay-for-extra-work model, how do they then undo it without crashing employee morale and inciting the mass exodus of disgruntled employees that could follow? I talked to several nonprofits to see how they have been preparing...
Yesterday, a federal judge blocked President Obama's rule to amend overtime rule regulations, which was set to take effect next Thursday, Dec. 1. U.S. District Judge Amos Mazzant agreed with the 21 states and a group of businesses, including the U.S. Chamber of Commerce, that the rule is unlawful, Reuters reported...
As America alternately celebrates and copes with the results of the country's most grueling and contentious presidential election since its birth, nonprofits are already looking ahead. Yesterday, we talked immediate reaction to a Donald Trump presidency. Today, we're looking at the numbers. They don't look great...