I'm at a crossroads of my Twitter break and am seeking advice. To better engage outside academia on nonprofit accounting topics, should I:
Return to Musk's Twitter
Primarily use LinkedIn
Go all in on Mastodon
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Brian Mittendorf
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- 84 Posts
An accounting professor’s view of the nonprofit sector. Professor of Accounting at The Ohio State University. All opinions are mine and not my employer’s.
Here are my #nonprofit financial predictions for 2023, via Nonprofit Times. TLDR:
(1) it’s all about cash
(2) #IRS makes a return
(3) the #politics + #nonprofits stew at a boiling point
Rhodri DaviesPitch: A Christmas Carol, but Scrooge is visited by a Longtermist Ghost of Christmas Far Future, who tells him Tiny Tim and everyone else he knows is going to die anyway, so he should just keep making money through usury & give it to effective charities that can prevent harm to trillions of possible future urchins in a pan-galactic mega-civilisation instead.
Ken SchwenckeOne of the things my team @ProPublica does is run our Nonprofit Explorer database. It’s super popular and useful, but it relies on IRS data to run.
So we’re in a unique position to both see that the IRS is failing at its duty to make this data available and also to be able to report on it as news: https://www.propublica.org/article/irs-hasnt-released-nearly-half-million-nonprofit-tax-records
The IRS Hasn’t Released Nearly Half a Million Nonprofit Tax Records
If you’re trying to evaluate a charity this year, you might have a hard time. The IRS is behind on releasing Form 990s, limiting access to key financial information the public uses to evaluate the nation’s tax-exempt companies.
Though the NYU story is incredible, the issue is far broader than one entity. This, for example, is excellent reporting on how nonprofit hospitals have lost their way. https://www.wsj.com/articles/billions-in-covid-aid-went-to-hospitals-that-didnt-need-it-11670164570
The #IRS backlog on 990s has been an ongoing problem. Nonprofit financial information already comes at a steep delay. We need to view 990s with the same urgency as quarterly earnings reports for companies. https://www.propublica.org/article/irs-hasnt-released-nearly-half-million-nonprofit-tax-records #accounting
The IRS Hasn’t Released Nearly Half a Million Nonprofit Tax Records
If you’re trying to evaluate a charity this year, you might have a hard time. The IRS is behind on releasing Form 990s, limiting access to key financial information the public uses to evaluate the nation’s tax-exempt companies.
Among other things, COVID has revealed vast differences in the extent to which nonprofit hospitals place their mission as a top priority. The ongoing reporting by WSJ and NYT on this has been eye-opening.
Ann Lipton"For years, NYU’s emergency room in Manhattan has secretly given priority to donors, trustees, politicians, celebrities, and their friends and family...On hospital computers, electronic medical charts sometimes specify whether patients have donated to the hospital or how they are connected to executives"
Gene TakagiJoint-Cost Allocations: Pitfalls to Avoid https://www.fplglaw.com/insights/joint-cost-allocations-pitfalls-to-avoid/
