By Matthew Walberg, Chicago Tribune reporter October 26, 2012 Newly proposed legislation would close a loophole that allows publicly funded nonprofits to shield financial arrangements their executives have with private management companies. Under the proposed amendment to the state’s procurement code, charities must disclose all “ownership interests, operating agreements, partnerships or other relationships” they have […]
Nonprofits that use private management firms to pay executives can shield compensation from the public
August 2, 2012 By
The Illinois Department of Human Services has notified nonprofits that they must now disclose salaries and benefits of executives paid through private companies By Matthew Walberg, Chicago Tribune reporter August 2, 2012As the head of an Illinois nonprofit that provides care and job training to the disabled and elderly, James Starnes was required to report […]