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258: (news) Changes at Change.org and NYC Housing self-dealing
258: (news) Changes at Change.org and NYC Housing self-dealing
ratings:
Length:
22 minutes
Released:
Oct 5, 2021
Format:
Podcast episode
Description
October nonprofit news.
Jack A. Brown III And Other NYC Nonprofit Housing Executives Benefiting From Organizations They Run
A feature investigative report by the New York Times has found that Jack A. Brown III and other executives associated with homeless and housing nonprofits in New York City have derived significant personal financial benefit from the organizations they run. “An investigation by The Times, based on hundreds of pages of legal filings, business records and tax documents, as well as interviews with homeless people, city officials and shelter employees, found that under the cloak of charity, executives at nonprofits have collected large salaries, spent their budgets on companies that they or their families controlled and installed relatives in high-paying jobs.” The article goes on to highlight self-dealing, nepotism, and a disregard for the people who are supposed to benefit from NYC’s expansive homeless housing infrastructure. A government audit ordered by NYC Mayor Bill DeBlasio is expected to wrap up in the coming months.
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Change.org Now Housed Under Nonprofit Foundation
Change.org, a site almost synonymous with online petitions, has announced that it will now be housed under the Change.org Foundation. Change.org itself was established in 2007 as a Public Benefit Corporation and will continue to operate as such, though it will now be owned in its entirety by the nonprofit Change.org Foundation. This change represents a significant shift for a company that has become increasingly adjacent to the nonprofit sector during its tenure. More than 50 investors will donate their equity back into the Foundation, according to the Nonprofit Times.
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Summary
Another Record For Texas Giving Day – $66 Million
A play-to-earn NFT game on a mission to save the earth
Many borrowers turn to nonprofit mortgage lenders
‘Ghouls’ to raise money for nonprofit groups at annual Wyandotte Zombie Pub Crawl
Jack A. Brown III And Other NYC Nonprofit Housing Executives Benefiting From Organizations They Run
A feature investigative report by the New York Times has found that Jack A. Brown III and other executives associated with homeless and housing nonprofits in New York City have derived significant personal financial benefit from the organizations they run. “An investigation by The Times, based on hundreds of pages of legal filings, business records and tax documents, as well as interviews with homeless people, city officials and shelter employees, found that under the cloak of charity, executives at nonprofits have collected large salaries, spent their budgets on companies that they or their families controlled and installed relatives in high-paying jobs.” The article goes on to highlight self-dealing, nepotism, and a disregard for the people who are supposed to benefit from NYC’s expansive homeless housing infrastructure. A government audit ordered by NYC Mayor Bill DeBlasio is expected to wrap up in the coming months.
Read more ➝
Change.org Now Housed Under Nonprofit Foundation
Change.org, a site almost synonymous with online petitions, has announced that it will now be housed under the Change.org Foundation. Change.org itself was established in 2007 as a Public Benefit Corporation and will continue to operate as such, though it will now be owned in its entirety by the nonprofit Change.org Foundation. This change represents a significant shift for a company that has become increasingly adjacent to the nonprofit sector during its tenure. More than 50 investors will donate their equity back into the Foundation, according to the Nonprofit Times.
Read more ➝
Summary
Another Record For Texas Giving Day – $66 Million
A play-to-earn NFT game on a mission to save the earth
Many borrowers turn to nonprofit mortgage lenders
‘Ghouls’ to raise money for nonprofit groups at annual Wyandotte Zombie Pub Crawl
Released:
Oct 5, 2021
Format:
Podcast episode
Titles in the series (100)
140: Crash Course in NGO State Fundraising Compliance: When is it OK to drive above the speed limit when it comes to registering your nonprofit in each State? With millions being raised across the digital landscape this decision could cost your nonprofit thousands in fines if you don't understand the rules. ... by Using the Whole Whale - A Nonprofit Podcast