Copy
July 2, 2015
Data Transparency News
View this email in your browser
The latest:
  • In the fight for open nonprofit data, everything changed in one month
  • DATA Act Summit 2015 Videos Now Available 
  • Newly proposed SEC rule would require public companies to disclose executive clawbacks using searchable XBRL data
  • Member Spotlight: Posiba

In the fight for open nonprofit data, everything changed in one month

Host of “Last Week Tonight” John Oliver with a stack of IRS nonprofit tax returns.  

In recent years, the federal government has taken strides towards making its public data available in standardized, machine-readable formats. In the future, we will look back at the nation’s first open data mandate, the DATA Act of 2014, and see it was critical not just in its transformation of federal spending information into open data, but also in its role as an archetype for a larger, government-wide transformation.

Today, untold stores of valuable public data, across many different government domains, are buried within non-searchable documents. There is much work to be done in chipping away at antiquated policies and procedures keeping this information from light. Transforming it all into open data will take years of acts of Congress, new infrastructure, and strong leadership within the executive branch.

But there are some places where much quicker change now seems possible. The Internal Revenue Service’s Form 990 is one of these. For Form 990, everything seemed to change in the single month of June, 2015.

Read the full post: In the fight for open nonprofit data, everything changed in one month

DATA Act Summit 2015 Videos Now Available 

Click on the links below to recap your favorite session of the #DATASummit 2015:

Newly proposed SEC rule would require public companies to disclose executive clawbacks using searchable XBRL data

Reps. Ralph Abraham, Darrell Issa, and Jared Polis introduce the Financial Transparency Act on May 20, 2015.

The SEC has proposed a new structured data disclosure in the XBRL format for circumstances where companies "claw back" compensation from executives.

This is the first time that the agency has proposed open data for any part of the important Exchange Act annual report, in which public companies update investors on shareholder proposals, executive pay, and ownership structure. Until now, the SEC's use of formats like XBRL within its corporate disclosure system was limited to financial statements and insider trading disclosures. The Exchange Act annual report is a new frontier for open data.

The Financial Transparency Act, currently pending in Congress, would require the agency to use open data throughout all corporate disclosure, rather than piecemeal.

Read the SEC's full announcement here
 

Member Spotlight: Posiba




Posiba is an information service for the social sector. They bring information, tools and analytics together to support the charitable sector to enable greater learning, accountability and decision making.  This includes collecting data on charitable giving, spending and impact, and then aggregating, analyzing and sharing that data through analytics powered tools so that government, foundations, nonprofits and individual donors can easily learn and compare results, improve programs, decision making, and ultimately outcomes.

As policy makers learn the value of data and the important benefits of open and readily accessible data from government agencies, Posiba’s ability to serve the social sector grows. Posiba has joined the Data Transparency Coalition to add its voice to the need for transparency in government.  For more information, visit www.posiba.com.

Facebook
Facebook
Twitter
Twitter
REI Exhibits as a Member of the Data Transparency Coalition at the DATA Act Summit 2015
Executive Director Hudson Hollister discusses the benefits of the DATA Act if properly implemented. 
Federal shared services: Why legislation is necessary
XBRL, the Proxy Statement, and the SEC's Ambivalence and Data Tagging
IRS Formally Bows to Campaign for Machine Readable 990s—But the Change Needs You!

 

Members


Executive
Teradata Corporation
Workiva
PwC
Research Data Group
RR Donnelley


Partner
Booz Allen Hamilton
DataTracks
Socrata
StreamLink Software


Regular
Accenture Federal
BackOffice Associates
Center for Organizational Excellence
CGI Federal
CohnReznick
Elder Research
Fujitsu
Global IDs
Grant Thornton
Information Builders
IRIS Business Services
Level One Technologies
LexisNexis
PR Newswire
REI Systems
Xcential


Startup
3 Round Stones
BCL Technologies
Calcbench
Enigma
Ez-XBRL
FindTheBest
Govini
Gov-PATH Solutions
Posiba


Trade Association
Object Management Group 

 

About Us

The Data Transparency Coalition advocates on behalf of the private sector and the public interest for the publication of government information as standardized, machine-readable data. Data transparency strengthens democratic accountability, enhances government management, reduces compliance costs, and stimulates innovation.
Copyright © 2015 Data Coalition, All rights reserved.


unsubscribe from this list    update subscription preferences 

Email Marketing Powered by Mailchimp