“Tax-exempt” doesn’t mean you pay zero tax. Unrelated Business Income Tax (UBIT) may apply. Here’s an overview and a few common issues to watch for.
Does My Nonprofit Need to Pay Tax?
Gay Group Celebrates Accurate Portrayal of LGBT Community
An advocacy group strives to change perceptions of the LGBT community by honoring outstanding advertising campaigns. Others can learn from its strategy.
Asian Immigrant Elected Head of American Legion
As the military becomes more diverse, we should expect more minorities to rise up the ranks. In a welcome recognition of that fact, the American Legion has just promoted its first Asian American vet to its top post.
An Unusual Public-Private Partnership Involving a U.S. Nonprofit and Mexico
A distinctive public-private partnership has emerged in Northern California, where Bank of America is linking up with the Mexican government and ClearPoint Credit Counseling Services, a nonprofit credit-counseling agency, to help Mexican immigrants in the U.S. establish credit and checking accounts. Good idea?
Is There a Connection between Anita Perry’s Salary and Husband Rick Perry’s Political Pals?
Rick Perry’s wife Anita receives a $60,000 salary from a Texas nonprofit dealing with sexual assault. A majority of its major donors have ties to the Texas governor and presidential candidate.
Union Workers in Miami-Dade Nix a Proposed Conversion of a Public Hospital to Nonprofit
Unionized employees of Jackson Health System in Florida’s Miami-Dade County are strongly opposed to the hospital’s conversion from a public institution to a nonprofit. Is a nonprofit hospital that much more difficult for union workers than a public hospital?
Nonprofit Leaders Line Up Against Obama’s Cap on Itemized Deductions
Should nonprofits fear President Obama’s proposal to cap itemized deductions, including the deduction for charitable gifts? Or is this only going to affect very large charities such as museums and universities? It does appear that most of the nonprofit sector’s leadership is lining up against President Obama on this proposal.
Former CFO of Tennessee Nonprofit Pleads Guilty to Embezzling Federal Funds
A corrupt executive has admitted to using PayPal to siphon federal dollars from a clean-energy nonprofit in Tennessee.
Qatar Foundation Buys Advertising Space on FC Barcelona Uniforms
A new kind of sports philanthropy in Spain: The Qatar Foundation bails out FC Barcelona in a $225 million advertising deal.
Study Shows Enrollment Growth in Two-Year Institutions for Baltimore Grads
A recent study by a Baltimore nonprofit reveals an increase in enrollment in two-year postsecondary institutions by Baltimore Public School students and a drop in degree attainment.
Center for Constitutional Rights to Take Vatican to Court
Many people have been concerned that the problem of Catholic priests engaged in sexual abuse of their parishioners is a responsibility of not only the U.S. Catholic hierarchy, but the Vatican. The Survivors’ Network and the Center for Constitutional Rights intend to make that case before the International Criminal Court.
Illinois Nonprofit Hospitals on the Skids as State Suspects that They Aren’t All that Nonprofit
How nonprofit are nonprofit hospitals? In Illinois, the state is taking a tough line on nonprofit hospitals that some people think are little different from their for-profit competitors. How will the arguments of the nonprofit hospitals affect other nonprofits?