tax-exempt organizations: news
Thousands of N.J. groups stripped of tax-exempt status
June 12, 2011 -- Newark Star-Ledger
Gary Young analyzes why nearly 8,000 tax-exempt New Jersey entitites lost that status and how they can reclaim it, in this story, which notes that Gary has formed numerous not-for-profits and represents a major one -- the New Jersey Restaurant Association. The story also points out that many of the groups that lost their tax-exempt status were no longer operating anyway.
June 2010 -- Connections (Newark Regional Business Partnership's newsletter)
Ed Stevenson describes how law firms must tailor their services for not-for-profits, keeping in mind cost-containment and the fact that foundations and charities tend to mesh cause-driven passion with business sense. Because philanthopic giving tends to lag behind overall economic rebounds, he predicts that for-profit businesses will probably see an upturn more quickly than their not-for-profit counterparts.