Finance and Governance

More updates from the Smithsonian scandal, another big nonprofit in the news with stories about how much the top two people were paid and how little they did to earn the $$.

The Nonprofit Times has an article here on it. The Nonprfit Quarterly talks about the story as well and the editor in chief, Ruth McCambridge makes a good point:

With the changes to the 990 reflecting the efforts of the Senate and the IRS to get better governance out of nonprofits, shouldn't they hold the Smithsonian Board, and the other big nonprofits who have been in the news for the wrong reasons, to the same standards? That board includes the Chief Justice of the United States and half a dozen members of Congress.

Shall they be exempt from being taken to task for what all who look at the case cite as a failure of governance? It will be interesting to see how this moves forward.