The Place for News at Capital Crescent Business Associates
News
Non-Profit Compliance
Ensuring that you remain compliant is a top priority for Capital Crescent Business Associates. One of our partners, Harbor Compliance, has created a “NonProfit Compliance Checklist” available for download.
You can also click here to get a list of State requirements for your non-profit.
Maryland, DC, and Virginia, along with many other states, require an annual meeting. Here, you can download a meeting agenda template.
IRS Exposes 120,000 Individuals' Names and Contact Inforamtion
On or about August 26, 2022, the IRS discovered that information about approximately 120,000 individuals was posted on its website. This information came primarily from non-profit organizations that file form 990-T tax returns.
Non-profit organizations routinely make their information public, but individual information is kept private. Once the IRS was made aware of the error, they immediately removed the information from the website and are in the process of contacting the individuals over the next several weeks.
According to the Treasury Department, no social security numbers or income information was exposed. However, names and contact information were included in the mistaken disclosure.
Although the error was discovered on the 26th of August, there is no information specifying how long the disclosed information was available to the general public.