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In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
The IC3 gives victims a convenient and easy-to-use reporting mechanism that alerts authorities of suspected criminal or civil violations on the Internet. The IC3 develops leads and notifies law enforcement agencies at the federal, state, local and international level. Information sent to the IC3 is analyzed and disseminated for investigative ...
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]
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.
October 4, 2023 — sent a notice of violation for failure to register as a charitable organization December 5, 2020 — sent a notice of fine for failure to register as a charitable organization
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 ...