Fund raising: Registering with the AG office

Fund raising is governed by the respective ‘state solicitation law’ of the respective state where the organization is either physically “present” or it raises funds. If an organization raises USD 5000 or more, it is required to obtain a solicitation license or an equivalent registration from the office of the Attorney general the state. After […]

AG offices for state solicitation registration

If an organization raises $ 5000 or more, it is required to obtain a solicitation license or an equivalent registration from the office of the Attorney general the state. What follows is a list of addresses and website of Attorney general offices from where this registration can be obtained. State addresses of attorney general offices […]

Does my NPO need an audit ?

Audit & Fund raising – 25 states require compulsory submission of audited statements, if a nonprofit organization (domestic or foreign) solicits funds in that state. Another 13 states require registration for fund raising but do not require submission of audited financial statement. Audit & Donor comfort – Audit may be considered even if not required […]

Audit Requirements for Nonprofits

The federal Government prescribes that nonprofit organizations spending $500,000 or more in federal contract dollars in any given fiscal year must obtain ‘single audit’ report to ensure that it complies with federal grants management procedures. (For more details on this, refer – white house nonprofit audit circular ) The federal laws do not prescribe any […]

Risk Cover with Insurance for Nonprofit Organization

A nonprofit organization works in a dynamic environment with several risks. Getting an Insurance done for the organization is a option that nonprofit leaders could consider to mitigate some of the avoidable risks. Mentioned below are the commonly used options for nonprofit organization insurance coverage. Depending upon the perceived risk, an organization may wish to […]