18. April 2014 07:40
In New York State, when the state legislature failed to act to place caps on executive salaries in nonprofits providing state-funded human services, the state implemented regulations to achieve the same goal. However, State Supreme Court Judge Thomas Feinman of Nassau County rejected those caps in a recent decision on a lawsuit by the Agencies for Children's Therapy, a non-profit that represents more than 30 agencies that provide early intervention, prekindergarten, special education and other services to children throughout the state. [More]
4. April 2014 08:55
Last week, the IRS published data on the number of information returns filed by tax-exempt organization in 2012 – 771,675 to be exact – and the number of those returns that were subjected to further examination (meaning the organization was contacted by the IRS for further information, clarification, or a full audit). The number of organizations involved in such an examination of their 2012 returns by the IRS in FY 2013 was 2,882. Most were Forms 990 and 990-EZ (2,744) and the remainder were Forms 990-PF, with a few other forms filed by political organizations and trusts. So, does that low percentage of scrutiny by the IRS mean that nonprofits should have no worries about executive compensation levels? [More]
25. March 2014 12:29
The Association of Art Museum Directors recently reported that only 43% percent of art museums in the United States and Canada were headed by women, and salaries of those female directors averaged 79% of the salaries of their male peers.
4. March 2014 14:22
As the US slowly emerges from the recent recession, indications of increasing “income inequality” have become the focus of much discussion, and some action.
11. February 2014 13:21
While economists and various pundits endlessly review each new government jobs report for impact on the recovery and growth of the US economy, one trend may have slipped by most observers – the difference in job growth among the for profit and nonprofit sectors. [More]