Nonprofit Compliance

Posted on December 21, 2023, by Elisa Jean-Newman in Industry News, Nonprofit Compliance.

While the CTA primarily targets for-profit businesses, it’s estimated that 2.4 million nonprofits will be impacted by the new legislation. The CTA aims to combat money laundering, terrorism financing, and other illicit activities by mandating the disclosure of beneficial ownership … Read more

Posted on June 5, 2023, by Sharon Cody in Fundraising and Grants, Industry News, Nonprofit Compliance.

Most states require specific charitable organizations to submit audited financial statements each year. These audits are required in connection with charitable registration. This means organizations who solicit in multiple states must comply with numerous state audit requirements. The specific threshold … Read more

Posted on August 4, 2022, by Harbor Compliance in Business Compliance, Industry News, Nonprofit Compliance.

State agencies are continuing to experience significant delays in filing processing times.

Burdened by the ongoing effects of the COVID-19 pandemic, including limited in-person staff, secretary of state offices have struggled to maintain pre-pandemic turnaround times.

Here is a list … Read more

Posted on July 26, 2022, by Sharon Cody in Business Compliance, Industry News, Nonprofit Compliance.

The California Secretary of State has announced a temporary waiver of filing fees for many new corporations, LLCs, nonprofits, and other organizations. The stated purpose of the waiver is “to encourage business growth in California.” The recent enactment of California’s … Read more

Posted on March 9, 2022, by Harbor Compliance in Business Compliance, Nonprofit Compliance.

Updated March 2022

Annual reports are entity information updates due to the secretary of state on a predetermined, scheduled basis according to the statutes and rules of each state. Business entities, such as LLCs, corporations, and nonprofits, must file annual … Read more

Posted on November 23, 2021, by Harbor Compliance in Industry News, Nonprofit Compliance.

On November 12, 2021, New York Governor Hochul signed S4817a/A1141a, which repeals the redundant filing requirement for New York nonprofit organizations introduced earlier this year.

Under the former law, nonprofits would have been required to file … Read more

Posted on November 23, 2021, by MoneyCrashers in Industry News, Nonprofit Compliance.

Americans are a generous bunch. According to the National Philanthropic Trust, U.S. residents and companies gave $471.44 billion to charity in 2020, a significant increase over 2019.

Of course, Americans don’t give equally. Many of us lack the resources … Read more

Posted on October 6, 2021, by Harbor Compliance in Industry News, Nonprofit Compliance.

As of October 6, 2021, Harbor Compliance has acquired Labyrinth, Inc., further expanding our commitment to the nonprofit sector. Labyrinth has been a leading provider of state registrations for charitable organizations for over 32 years. 

This move aligns the … Read more

Posted on August 27, 2021, by Harbor Compliance in Industry News, Nonprofit Compliance.

Effective August 26, 2021, the New Jersey Division of Consumer Affairs is no longer enforcing the collection of Form 990 Schedule B with its initial and annual charitable registration filings. Schedule B contains names and addresses of major donors to … Read more

Posted on August 2, 2021, by Harbor Compliance in Industry News, Nonprofit Compliance.

The July 1, 2021 decision by the Supreme Court of the United States (SCOTUS) in Americans for Prosperity Foundation v. Bonta has started a ripple effect in the world of charitable solicitation regulation. 

Nonprofits should expect charitable solicitation registration requirements … Read more