By the Nonprofit Risk Management Center
Just days ago the Commissioner of the Tax Exempt and Government Entities Division of the IRS, Steve Miller, told exempt organization lawyers gathered in Washington that the IRS will be “more aggressive” in monitoring the “efficiency and effectiveness” of charitable organizations. And this week, grantmakers from all over the country are convening for the annual Council on Foundations Leadership Summit. As regulators are considering what abuses to investigate, and grantmakers are considering how the global economy is creating challenges and opportunities, the Center is keeping an eye on the emerging issues that impact the nonprofit sector’s response to risk. We’ve been asking ourselves:
- How will developments at the national level, such as the new IRS Form 990, impact the role of boards and staff to recognize, manage and report financial and program risks?
- What are the latest technological tools and trends, such as social networking and blogging, that will assist or hinder organizations as they seek to select the best possible staff for their programs?
- What nationwide challenges, such the transition of nonprofit leaders and an economic slowdown, are likely to stress the sector, and how can nonprofits strengthen themselves now for future sustainability?
If you have any thoughts, comments, or questions email the Nonprofit Risk Management Center at firstname.lastname@example.org or 703.777.3504.