Mark Holbrook, president/CEO of Evangelical Christian Credit Union, is one of 14 members of a new commission created to provide input on accountability and policy issues affecting religious organizations.
The Evangelical Council for Financial Accountability said the Commission on Accountability and Policy for Religious Organizations will address whether churches should file Internal Revenue Service Form 990, the same annual information return that other non-profits must file and whether legislation is needed to curb abuses of the clergy housing allowance exclusion.
Other issues include whether the current prohibition against political campaign intervention by churches and other nonprofits should be repealed or modified and whether legislation is needed to clarify tax rules covering "love offerings" received by some clergy, according to the ECFA.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.