The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "IRS form 990" ...
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Secret lottery foundation/ governor's house
The Register investigates the political and business activities of Don Siegelman, Alabama's governor. Part of the stories focus on "secret fund-raising activities by the governor through what was thought to be a dormant nonprofit foundation to support a state lottery initiative," according to the contest entry summary. The rest of the stories reveal how a longtime supporter of the governor, using his accountant as a straw man, has bought Siegelman's private residence in Montgomery, Ala., for twice its appraised value.
Tags: elections; voters; donations; PACs; nonprofits; real estate; money and politics; IRS form 990
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Tourney behind on bills; PGA even lost big since ' 98
The Baltimore Business Journal reports on the "financial trouble at the State Farm Senior Classic, a PGA Tour-sponsored golf tournament." As the tournament lost its title sponsor, State Farm Insurance, it accumulated $1.15 million in debts, and is now facing demise. Meanwhile, the organizers kept on increasing the prize money, the Journal reports.
Tags: FOI request; 990 form; IRS; sports; debts; creditors; business
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Collection of stories about not-for-profits
The Wall Street Journal's "collection of stories on charitable abuses for private gain and the economic underpinnings of the not-for-profit world... The underlying theme of this story collection is the growing use of philanthropy for less-than-charitable purposes -- from avoiding taxes to building empires.... The beneficiaries of such devices: tax shelter promoters and their clients, the so-called angry affluent, who balk at the bite that taxes take from their new-found wealth. The victims: less affluent and less strategic taxpayers, who pay more than their share when those exploiting tax-avoidance schemes pay less..."
Tags: IRS Form 990 Internal Revenue Service IRS Congress split-dollar insurance limited partnerships
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Warehouses of wealth: The tax-free economy
"Nonprofit businesses are American's fastest growing industry. Yet the government doesn't keep track. There are 1.2 million organizations tax-exempt as a nonprofit, including many surprisingly profitable ones. Like the NFL. ...[ The reporters] determined the magnitude and cost of these tax-exempt businesses, which made $500 billion in 1990 -- nearly six times the incomes of farms of five times that of utilities...Taxpayers make up for what these businesses don't pay -- more than $36 billion a year, by the reporters' calculations. What do taxpayers get in return? Damned little charity." Seven-part series includes: big profits, big salaries, growing commercialism of nonprofit hospitals, universities, museums and other institutions.
Tags: taxes; hospitals; endowments; Blue Cross; Blue Shield; donors; disclosure; nonprofit insurance and pensions; real estate; property; economics; Form 990s; IRS; executive salaries
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The Business of Giving
USA Today examines IRS 990 forms to give a picture of the nation's multi-billion-dollar foundation industry; lists top foundations in each state; finds highly paid foundation officials and IRS confusion in regulating the institutions, Dec. 15 - 21, 1987.
Tags: foundations; IRS; universities; non-profit organizations