Lobbying and political activities for 501(c)(6) organizations

Upcoming presentation on lobbying and political activites for 501(c)(6) organizations!

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New tool for increased transparency!

The Center for Public Integrity has come out with an amazing new search tool that enables anyone that is interested to better understand how money flows in the nonprofit sector.  The tool is in part intended to combat the lack of transparency that exists around funding for "dark money" organizations involved in the political process.  However, I think it is also a great tool for donors, potential employees and volunteers, and other interested parties to better (and definitely more efficiently) understand more about who funds any organization.  Plug in your favorite organizations and see what you find!

The data in the search function does not cover everything -- according to the Center for Public Integrity, they have about 850,000 990s downloaded and in the system from about 250,000 organizations.  However, this is a great beginning to enabling more information gathering without having to download and review the 990s yourself.  This is an example of the type of information mining that we thought would come out of the requirement that the IRS release 990 data in machine readable and searchable formatting

New requirement for some 501(c)(4) organizations

Since late December 2015 we have been on the lookout for implementing regulations regarding the new notice requirements on certain 501(c)(4) organizations.  The IRS has now issued Revenue Procedure 2016-41 and the Treasury Department issued final and temporary regulations implementing the new requirement that organizations must notify the IRS within 60 days of their creation if they intend to operate as an organization described under Section 501(c)(4).  For some of the background on this requirement, please see my prior posts here and here

Read more: New requirement for some 501(c)(4) organizations

Upcoming presentation

I am presenting at the 2016 Nonprofit Essentials Conference on August 9, 2016, at the University of St. Thomas. I will be discussing legal requirements and the importance of being transparent. Please join me! 

It just got easier for watchdog groups to police the sector!

The IRS announced this week that is is now releasing electronically-filed 990s, 990-EZs, and 990-PFs from 2011 to the present in machine readable format.  This change will make it much easier for watchdog groups and others interested in analyzing 990 data for trends (and issues) in the sector.  For more information see the IRS' notice, and my previous blog post on the subject.



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