Non-profit organizations must adhere to various laws and regulations to maintain their tax-exempt status and operate legally. This checklist will help ensure that your non-profit organization complies with the necessary legal, financial, and operational requirements.
Keep detailed records of board minutes, financial statements, transactions, donations, and grant activities as required by law.
Submit the IRS Form 990 annually, along with any other state-required filings, to maintain your tax-exempt status.
Ensure compliance with the charitable solicitation regulations that apply to the areas where you fundraise.
Renew your registration with state agencies as required, typically on an annual or biennial basis.
Adhere strictly to bylaws and governance policies that reflect best practices for non-profits.
Hold board meetings as dictated by your bylaws to ensure proper governance and oversight are taking place.
Implement robust financial procedures, including clear accountability and segregation of duties, to prevent improper financial practices.
Utilize donations in accordance with donor restrictions and in pursuit of your organization's mission.
Observe all federal, state, and local employment laws, including those relating to fair labor standards, anti-discrimination, and immigration.
Make tax returns, financial documents, and governing documents available for public inspection as required by law.
If your non-profit is involved in lobbying, ensure all activities abide by restrictions and that you report such activities as required.
Regularly review compliance with all legal obligations to identify and correct any issues, and update policies as necessary.
Comprehensive compliance is essential for the integrity and sustainability of your non-profit organization. With the help of a Bizway project, you can systematically manage the compliance process, being mindful of each requirement detailed in this checklist. Bizway's AI Assistants can provide assistance in tracking deadlines, preparing documents, and ensuring that all compliance activities are completed effectively. Keep your non-profit organization in good standing with the structured support of Bizway.
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