Relief is on the way for nonprofits affected by the COVID-19 pandemic, including forgivable loans.
Nonprofit organizations have a positive effect on and are a significant part of California’s economy by generating significant revenues and providing jobs.
No matter how you feel about it, on July 1, 2014 the minimum wage will increase from $8 to $9 per hour in California. Our friend Nicole Kamm from the law firm Lewitt, Hackman, Shapiro, Marshall & Harlan shared with us some examples of the impact this increase will have on your organization: “Non-exempt employees …
Should there be a cap on nonprofit executive’s compensation? We told you before that the Governor of New York thinks so. But the Nassau County state Supreme Court disagrees. Governor Andrew Cuomo’s regulation, which he issued more than two years ago by executive order, limits executive salaries at state-supported nonprofits to $199,000 unless the charity …
Those of us who work in the nonprofit sector sometimes point out that nonprofits employ 10% of the of American workers. But did you know that the growth in nonprofits during the last decade exceeded that of for profits by a ratio of 50:1? According to the Urban Institute, between 2001 and 2011, the number …
Yesterday Lois Lerner, the head of the IRS division on exempt organizations, refused to answer questions at a congressional hearing. Today the IRS put her on an indefinite administrative leave. This comes in response to the Senate Permanent Subcommittee on Investigations demanding her immediate suspension. Right now it’s not clear whether the suspension will lead …
