The section oversees the 18,000 charities that are registered in Oregon, and in her work there Grant has observed the hazards that ineffective board governance can pose for not-for-profits
The United States also provides us with insightful experiences about the ambiguous role of so called not-for-profits
with gross receipts less than $200,000 and total assets less than $50,000 at year-end can file Form 990-EZ, which requires roughly half the information reported in Form 990.
Ostensibly, this threshold level is to exempt smaller not-for-profits
Richard Holt, Dallas market president for Bank of America, said, 'Richard has blended his extensive experience in developing financial solutions for not-for-profits
with a passion for helping our community.
An alternative approach, exemplified at least in part by Saskatchewan's Not-Profit Corporations Act 1995, establishes categories of not-for-profits
and applies different rules depending on what category a group falls in.
Responding to the criticism that organisations funded by government did not feel able to speak their own mind, we promised in the election to remove the so-called 'gag' clauses from contracts with not-for-profits
and the government has moved quickly to undo the force of these clauses.
The good news for internal auditors in all the changes rocking not-for-profits
is no matter how complex that sector gets, sound, basic internal audit procedures can still help prevent and detect fraud.
In addition to derivative suits brought by the state attorneys general, not-for-profits
may face exposure for claims brought by other governmental agencies, including the Internal Revenue Service, as a result of problems occurring in connection with their special tax-exempt status.
As an echo of the concerns raised by the first panel, the second panel examined situations where joint ventures failed and noted that such failures most often occur when the for-profits and the not-for-profits
fail to clearly enumerate their expectations and responsibilities.
In answer to your question, we did not know what our financial stability was until I hired a financial services firm called Kiwi, that works with not-for-profits
, while also looking for a permanent CFO to start to get our arms around where we stood financially.