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In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
[37] [38] A private nonprofit organization, GuideStar, provides information on 501(c)(3) organizations. [39] [40] ProPublica's Nonprofit Explorer provides copies of each organization's Form 990 and, for some organizations, audited financial statements. [41] Open990 is a searchable database of information about organizations over time. [42]
The predecessor of IRC 501(c)(6) was enacted as part of the Revenue Act of 1913 [71] likely due to a U.S. Chamber of Commerce request for an exemption for nonprofit "civic" and "commercial" organizations, which resulted in IRC 501(c)(4) for nonprofit "civic" organizations and IRC 501(c)(6) for nonprofit "commercially-oriented" organizations. [60]
Tyson has added its name to a growing list of companies -- including Taco Bell, Amazon, and PepsiCo -- that are offering employees tuition assistance or free college tuition. The Fortune 500 food...
Related Link: Careers: Graduates With These Profiles Are Highly Sought After Why It Matters: The program is an expansion of the company’s 2019 commitment to cover 100% of tuition costs up front ...
The big idea Keeping nonprofit chief executive officers out of meetings when members of their boards discuss or vote on compensation can lead to these CEOs making less money and working harder.
McDonald's employees and the employees of participating independent franchises offer employee benefits to improve English language skills, earn a high school diploma, work toward a college degree, and get counseling about education and career plans. The corporation has spent more than $100 million on the program over the past four years.
Companies can recruit and retain employees by offering them education assistance and employee tuition discounts. [96] Guild Education is a for-profit company that works with employers such as Walmart and Disney to offer tuition assistance from several colleges, including University of Arizona Global (formerly Ashford University ), Purdue ...