Nonprofit organizations that fail to file their annual information returns for three consecutive years, regardless of the size of the organization, automatically lose their exemption. According to Senator Dan Coats (R-Ind.), this has caused more than 550,000 nonprofits to lose their exemption over the past four years, many because they were unaware of the filing …
Posts Tagged: NonProfits
Online Giving Grows, But Remains Small Percentage of Overall Donations
Do you think most charitable giving is done online? While online giving increased by about 13% in 2013, according to a survey of 100 of the largest nonprofits conducted by The Chronicle of Philanthropy, it remains a very small portion of total donations. The Leukemia & Lymphoma Society reportedly received the largest sum of online …
New York Ramping Up For Nonprofit Revitalization Act
Last year New York State approved the Nonprofit Revitalization Act – a plan to reform and revitalize New York’s nonprofit sector. Passage of the Act overhauls the laws governing New York’s nonprofit sector for the first time in more than 40 years. The Act is expected to apply to at least 65,000 registered nonprofits in …
May is for Embezzlement Convictions
Yesterday was a good reminder for charities that any organization is susceptible to embezzlement. First, a man was sentenced to three years in prison after admitting he had defrauded charities by billing them for, but not delivering, prizes to be auctioned at fundraisers. The prizes included a walk-on role on Desperate Housewives and tickets to …
Free May Workshop: A Parenting Class for Employment Issues
Ever feel like your employees are acting more like your children? The Landegger Baron Law Group is here to help. During the law firm’s free workshops on May 23, 2014 at the Sportsmen’s Lodge in Studio City and on May 30, 2014 at the Camarillo Courtyard by Marriott, the presenters will tackle: Issues during the …
Sterling's Ads Not Living Up to Promises
You’ve likely seen the ads in the Los Angeles Times featuring pictures of Clippers’ owner Donald Sterling and statements of all the good works of the Donald T. Sterling Charitable Foundation. But now the Times is reporting that the Foundation’s publicity far outweighed its actual benefits. Some of the ads stated that the Foundation committed …