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Info on Nonprofits Now Online at Texas Attorney General's Office . Presentation at the National Grants Partnership on June 9, 2009 Linda Lampkin, ERI Economic Research Institute & Denise Francis, Office of the Governor of Texas.
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Info on Nonprofits Now Online at Texas Attorney General's Office Presentation at the National Grants Partnership on June 9, 2009 Linda Lampkin, ERI Economic Research Institute & Denise Francis, Office of the Governor of Texas
TX AG’s Office Gives Online Access to Forms 990 Filed by Nonprofits • Provides Greater Transparency for Texas Givers, Foundations, and Government Agencies • Users can easily review an organization’s finances and uses of their revenues • Consumers now have a tool – the Form 990 filed annually with IRS – to help assess if a group is using donations wisely • Search and access through TX AG web site
TX AG Web Site – Home Page Click to search for Form 990
Summary for Selected Charity Select to download Form 990
About ERI Economic Research Institute • Provides geographic- and industry-specific benchmark compensation data • Subscribers include CIA, IRS, NSA, DCAA, UN, US and Canadian militaries, and federal/state/provincial agencies • US Defense Contract Audit Agency and Department of Interior use to assure that bid rates are based on rational pay expectations • PennDOT requires ERI citations to support executive compensation levels in proposals • ERI uses Form 990 data to calculate average salaries, so database includes all comp data from 1998 on, with access to PDFs of the forms • ERI provides the Form 990 library to TX AG – and also CA, NY (with CO and HI soon to follow)
Why Provide Form 990 Access? • Makes financial info on nonprofits easily and instantly available to donors, funders, media, community members, regulators, etc. • TX government grantmakers can make better informed decisions about their grantees • Government agencies everywhere (50 states and 80,000 local governments) should access this decision-useful Form 990 data for their actual and prospective nonprofit grantees
Questions? • Linda Lampkin, Research Director • ERI Economic Research Institute • Linda.lampkin@erieri.com • 877-799-3428 • Denise Stines Francis, State Single Point of Contact • Office of the Governor, Division of Budget, Planning & Policy • dfrancis@governor.state.tx.us • 512-305-9415