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 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 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

Posted on April 12, 2019, by Harbor Compliance in Nonprofit Compliance.

May 15 is a big deadline for charitable solicitation registration renewals and IRS Form 990 filings. For nonprofits operating on a calendar tax year, Form 990 is due May 15. Currently, 13 states also require those organizations to file their … Read more

Posted on November 14, 2018, by Harbor Compliance in Business Compliance, Nonprofit Compliance.

As organizations grow, what worked in the past doesn’t always fit with present needs or future plans. Maybe it’s a name that no longer adequately describes what they do, or revenue has grown to the point where a new structure … Read more

Posted on October 8, 2018, by Harbor Compliance in Nonprofit Compliance.

Moving is never fun. And when it’s your nonprofit that’s moving, the process is even more taxing. Failure to change an address or doing so in the wrong way may seem like a simple oversight, but can have significant implications … Read more

Posted on September 4, 2018, by Harbor Compliance in Business Compliance, Nonprofit Compliance.

In every state where your business or nonprofit is registered to operate, you must appoint a registered agent to receive notices of lawsuits and other official state documents for your organization. A registered agent must have a physical address … Read more

Posted on June 25, 2018, by Harbor Compliance in Nonprofit Compliance.

If your organization has invested in meeting all of your state charitable registration requirements, congratulations! By simply registering, you’ve already demonstrated your commitment to transparency in the nonprofit sector and accountability to your donors. You may, however, still be wondering … Read more