Re: [ga] ICANN spending gone wild -- IRS Form 990 comparisons for years ending 6/30/2006 and 6/30/2007
- To: ga@xxxxxxxxxxxxxx
- Subject: Re: [ga] ICANN spending gone wild -- IRS Form 990 comparisons for years ending 6/30/2006 and 6/30/2007
- From: George Kirikos <gkirikos@xxxxxxxxx>
- Date: Tue, 9 Sep 2008 15:43:37 -0700 (PDT)
Just as a followup, here's a discussion of the importance of Form 990:
"The Form 990 serves two essential purposes. First, it provides
information that helps government agencies (the IRS and state charity
regulators) enforce the laws that govern nonprofits. For example, it
helps government regulators learn whether groups have been spending
their funds in a way that might cause them to lose their charitable and
tax-exempt status. Second, the Form 990 provides a great deal of
financial information about the filing organization?s financial
condition, about its financial strength or weakness and about such
things as the sources of its income.
The Form 990 is a very public document and it is becoming more public.
Today an organization?s Forms 990 for the past three years must be
shown to anyone who wants to see them. In addition, copies of these
forms must be given to anyone who requests them (either in person or in
writing) and who pays a reasonable fee -- $1 for the first page and 15
cents for every page thereafter and postage, if applicable.
Furthermore, most Forms 990 beginning with the year 1997 are being
posted on the Internet by the National Center for Charitable Statistics
and Guidestar, two nonprofit groups in the Washington D.C., area.
Finally, it is only a matter of time before all charities will be
required to file their Forms 990 electronically. Thus, virtually every
Form 990 is or soon will be accessible by anyone in the world."
Hopefully ICANN will become more accountable as micro-level details
emerge as to the extent of their enormous spending increases.