Archive for June, 2011
Earlier this month, a DC-based nonprofit was targeted for investigation by city government, allegedly misusing public funding, at a time when municipalities are facing budget crunches, if not prospective bankruptcy. D.C. Attorney General Irvin Nathan filed a lawsuit in D.C. Superior Court against Ward 5 Council member Harry Thomas Jr., seeking damages of $1 million from [...]
The IRS announced this week that it had revoked the tax exemptions of some 275,000 nonprofit organizations after they did not meet legal requirements to file annual returns. The original watchlist of candidates for revocation was about 341,000.
Last week, the Kojo Nnamdi Show had a panel discussion on nonprofit organizations and how the economy is affecting their financial health and stable of services. The show covered a range of topics both legal and economic.