Nonprofit Currents
Jun. 18, 2014

IRS readying shorter application form
From The NonProfit Times
The Internal Revenue Service plans to release a shorter version of its application for tax-exemption (Form 1023 EZ) within the next month and reduce the backlog of the longest applications by the end of the fiscal year. Tamera L. Ripperda, director, exempt organizations, in the Tax Exempt Organizations Division of the IRS, provided the update during a session at the AICPA Not-For-Profit Industry Conference.More

Nonprofits, data privacy and Capitol Hill
From Business 2 Community
Are you following the discussions on consumer data privacy and big data? If you aren't, and you are in the fundraising business, then you should. Whether the issue is identity theft, hackers getting millions of credit card records, or the NSA monitoring everything from email to phone calls, consumer data privacy is getting lots of attention. Especially on Capitol Hill.More

Innovative Carolina Actors Studio Theatre will shut down in June
From Charlotte Observer
Carolina Actors Studio Theatre will close after its current production, with its board of directors citing financial pressures, dwindling attendance and difficulty raising money. Along with Blumenthal Performing Arts, Children's Theatre of Charlotte and Actor's Theatre of Charlotte, CAST is one of Charlotte's major theater production companies.More

To get an A in philanthropy class, give away $50,000
From The New York Times
Vinay Sridharan must make it through microeconomic theory and the writings of Proust before the end of his senior year at Northwestern in June. But in one course, the final project is far less abstract: give away $50,000. It is also far more difficult than it may seem. This course in philanthropy, endowed with a grant from a Texas hedge fund manager, requires students to find and investigate nonprofit organizations and, if they stand up to scrutiny, give them a portion of the five-figure cash pot.More

Nonprofit sector accounts for 1 in 10 jobs in Michigan
From Battle Creek Enquirer
One of every 10 people in Michigan works for a nonprofit — which is higher than it was a few years ago. The Michigan Nonprofit Association released a report by Public Sector Consultants that said 11 percent of the state's employment was in the nonprofit sector. Throughout the recession, the sector was one of few in Michigan to increase its number of employees.More

IRS readying shorter application form
From The NonProfit Times
The Internal Revenue Service plans to release a shorter version of its application for tax-exemption (Form 1023 EZ) within the next month and reduce the backlog of the longest applications by the end of the fiscal year. Tamera L. Ripperda, director, exempt organizations, in the Tax Exempt Organizations Division of the IRS, provided the update during a session at the AICPA Not-For-Profit Industry Conference.More

Is for-profit the future of nonprofit?
From The Atlantic
Charity is for patsies. If you really care about making the world a better place, buy a trendy bag. That was the logic Lauren Bush Lauren articulated in a 2013 interview about FEED, a for-profit entity she founded that creates simple, eco-friendly tote bags whose price covers the cost of donating school meals to children in Rwanda via the UN World Food Program.More

IRS to rewrite nonprofit rules amid criticism
From POLITICO
The IRS will rewrite, without holding a public hearing, a proposed rule on the political activities of nonprofit groups, regulations that stemmed from the tea party controversy that rocked the agency last summer.More

New report finds gender pay gap among nonprofit CEOs
From Boston Business Journal
More women than men are running Massachusetts area nonprofits, but they are earning less money, according to a new study done by Third Sector New England, an organization dedicated to assisting nonprofits. The study revealed a significant gender gap when it came to executive pay at nonprofits. The study found that while 59 percent of nonprofit executive directors and chief executive officers surveyed were women, female executive directors were earning an average of $106,600, compared to $139,500 for the average man.More

Study offers advice on setting up social-impact bonds
From The Chronicle of Philanthropy
Social-impact bonds, an emerging and controversial way to finance programs run by nonprofits and government, are examined in a new report by the Urban Institute. The in-depth study offers advice on how juvenile and criminal-justice systems can develop such deals. Later this year the think tank will release a tool to help government agencies and investors determine whether a project is right for such financing.More

Can your crowdfunding campaign compete?
From Entrepreneur
Competition is fierce in the crowdfunding space and the pressure is on for new campaigns to grab eyeballs and attention. Crowdfunding expert Sally Outlaw explains some of the basics your campaign will need.More

Trials and travails of nonprofit health insurance cooperatives, year 1
From Nonprofit Quarterly
The Wall Street Journal reports that nonprofit health care cooperatives generally missed their projected enrollment targets in the first phase of the Affordable Care Act. Nine of the co-ops did better than expected and fourteen worse. Among the better performers were Freelancers of New York (with well over 100,000 enrollees), CoOportunity Health serving Iowa and Nebraska (with over 75,000), and Consumers’ Choice Health Plan in South Carolina (with over 50,000). On the other hand, some did particularly poorly, such as Community Health Alliance in Tennessee, which enrolled a mere 354 consumers.More