How does a nonprofit stay within its original mission but remain relevant? Petersen Automotive Museum is trying to do just that. It is liquidating nearly 1/3 of its 400 classic cars in order to finance a major reconfiguration of the organization, including a greater emphasis on motorcycles and French art deco vehicles. According to a …
Posts Categorized: Board
Hershey Trust Settlement Shocks Many, Has a Lesson for All
Two years ago, the Pennsylvania Attorney General began an investigation into the $9 billion Hershey Trust, which operates a prominent residential facility for disadvantaged youth. The investigation started after the trust made multi-million dollar purchases of a golf course and an adjacent market. Allegations of inappropriate expenditures followed, claiming that board members received excessive compensation …
Family Tensions May Split Foundation
When family foundations are forced to move on from the founding generation, it is a time rife for fights over who will control the organization. The William Davidson Foundation, founded by William Davidson, a businessman and owner of the Detroit Pistons basketball team, is facing these growing pains. A petition to split the $1 billion …
Free Nonprofit Financial Workshop on May 21
Do you feel lost when reviewing your nonprofit’s financial reports? Education will help you conquer your financial trepidation and accounting firm Green Hasson Janks‘ upcoming workshop is a great place to start. The workshop will share tips and best practices for engaging your board and staff in the financial aspects of your organization. In addition, …
IRS Releases Report on Colleges and Universities Study
In 2008, the IRS conducted a survey of colleges and universities in a number of areas including executive compensation and unrelated business income. About 400 organizations received the survey. Based on the questionnaire responses, the IRS decided to open further investigations into 34 of the surveyed colleges and universities. The results were shocking. A large …
A FREE PROGRAM FOR NON-PROFIT ORGANIZATIONS
If you are a nonprofit Executive Director, CFO, or Director of Human Resources, we urge you to attend A Program for Non-Profit Organizations being held on May 17, 2013 from 7:30am-10:30am at the Sportsmen’s Lodge. The program will include strategies for managing your banking partnership and how to discipline and terminate employees without getting sued, …