Shining a Light on Shadow Money
description
Transcript of Shining a Light on Shadow Money
![Page 2: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/2.jpg)
2006 2008 2010 2012 $-
$50,000,000
$100,000,000
$150,000,000
$200,000,000
$250,000,000
$300,000,000
$350,000,000
Nonprofit spending by disclosure
Full Disclosure
Wisconsin Right to Life
v. FEC
Citizens United v.
FEC
![Page 3: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/3.jpg)
“The First Amendment protects political speech; and disclosure permits citizens and shareholders to react to the speech of corporate entities in a proper way. This transparency enables the electorate to make informed decisions and give proper weight to different speakers and messages.”
– Citizens United majority opinion
![Page 4: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/4.jpg)
Shadow-Money Networks
![Page 5: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/5.jpg)
Fix #1 Annual 990 reports should be put online in a database open to the public.
![Page 6: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/6.jpg)
Want to Search 990s?• Pay $2100 annually• Receive monthly DVDs in the mail.
WE LOVETHE 90s
WE LOVE THE 1790s
![Page 7: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/7.jpg)
Want just a few 990s?• Fill out and print a form 4506-A• Fax or mail it to the IRS• Wait up to 60 days to receive a copy
in the mail
![Page 8: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/8.jpg)
脫褲子放屁Pulling your pants down to fart.
![Page 9: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/9.jpg)
Fix #2All 990-filing organizations should be included in summary data.
![Page 10: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/10.jpg)
The Pop-Up Problem“These groups are popping up like mushrooms after a rain right now, and many of them will be out of business by late November.”
– Trevor PotterFormer FEC Chairman
![Page 11: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/11.jpg)
Still don’t have exempt status*
* Try to find them on Guidestar.
![Page 12: Shining a Light on Shadow Money](https://reader035.fdocuments.in/reader035/viewer/2022062815/568168b2550346895ddf7ad0/html5/thumbnails/12.jpg)
Summary Data• Employee Identification
Number (EIN)• Name• Mailing address• Type of 501(c)• Income amount• Registrant• Filing schedule
Additional 990 data• Description of programs• Total expenses• Expense breakdowns• Grants to other 501(c)s• Outside contractors• Board members• Affiliated organizations• Political expenditures