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Financial reporting There are differences in financial reporting requirements between 501(c)(3) and 501(c)(4) organizations. 501(c)(3) organizations must provide detailed financial information through the IRS Form 990, which is publicly available. This transparency helps maintain accountability and trust in the nonprofit sector.
The predecessor of IRC 501(c)(6) was enacted as part of the Revenue Act of 1913 [88] likely due to a U.S. Chamber of Commerce request for an exemption for nonprofit "civic" and "commercial" organizations, which resulted in IRC 501(c)(4) for nonprofit "civic" organizations and IRC 501(c)(6) for nonprofit "commercially-oriented" organizations. [77]
On July 16, 2018, the IRS announced that only 501(c)(3) organizations, 4947(a)(1) nonexempt charitable trusts, and 6033(d) nonexempt private foundations are required to report the names and addresses of donors on Schedule B. All other tax-exempt organizations will be allowed to omit the names and addresses of donors when completing Schedule B ...
Citizens for Responsibility and Ethics in Washington (CREW), is a nonprofit 501(c)(3) watchdog organization devoted to U.S. government ethics and accountability. [2] [3] [4] Founded in 2003 as a counterweight to conservative government watchdog groups such as Judicial Watch, CREW works to expose ethics violations and corruption by government officials and institutions and to reduce the role of ...
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They also have the power to reprimand and recommend the termination of television network stars and employees for violations of standards and practices, performing the same role as that of an organizational ombudsman in other media industries, balancing the needs and requirements of the broadcaster, the creators, the viewing audience, and ...
The city inspected 110 restaurants between Sept. 2 and Sept. 16. Four restaurants failed and two were closed for serious health code violations.