Sunday, November 11, 2007
A Press Release of Senator Chuck Grassley, the ranking member of the U.S. Senate Committee on Finance, tells that he has "asked six media-based ministries for information regarding expenses, executive compensation, and amenities given to executives." Senator Gassley states that this investigation is "part of ... [his] long-standing interest in making sure tax-exempt organizations are accountable to donors." The Tampa Tribune (here) provides details of this investigation including links to each of the letters received by the ministries. The information requests are detailed and include requests for credit card statements, information on housing allowances, and clothing and cosmetic surgery expenses that might have been paid for by a ministry. Will we be seeing a Sarbanes-Oxley type legislation applicable to tax-exempt organizations?