Grade school administrators, take note! The USDA’s new nutrition standards for foods sold in grade schools are now effective for the 2014-15 school year. The standards apply to all schools that accept federal funding through the National School Lunch and Breakfast programs, including private schools. What do these changes mean for your school? The more stringent nutritional standards apply to both meals and other food consumption. Consequently, schools may need to modify their food-provider contracts, fundraising activities, and vending machines practices. These changes may particularl
Tax break for industry developers? Yes. Section 501(c)(6) of the Internal Revenue Code provides income tax exemption for organizations that advance a “Line of Business.” Trade associations are one type of 501(c)(6). But the category is much more broadly defined. The statutory definition includes, “Business leagues, chambers of commerce, real-estate boards, boards of trade, or professional football leagues (whether or not administering a pension fund for football players), not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder
A Day to Reflect
Independence Day provides a great opportunity not only to light fireworks and the grill, but also to reflect on our country’s freedoms and values. The First Amendment has been front and center as of late. Our bedrock democratic values of political discourse, free speech, and religious expression have contributed incredibly and uniquely to the shaping of our pluralistic nation. They also strongly and increasingly influence laws affecting nonprofit organizations.