With a myriad of state and federal statutes and regulations to contend with, it has become quite a challenge for nonprofits to stay in compliance. Noncompliance can lead to costly, severe and often embarrassing consequences including civil and criminal prosecution, late fees and penalties, loss of ability to raise funds in a state and taxation of all charitable donations received. A nonprofit’s name and reputation are arguably among its greatest assets (and potential donors are checking!), so it is imperative to protect your organization’s good name by meeting state and federal requirements governing fundraising activities, including solicitations, events, raffles and auctions.
This course will be of particular interest to nonprofit executives, especially those with fundraising or development responsibilities, and anyone considering starting or in the process of creating a nonprofit.
This course will cover the following topics:
- Charitable solicitation registrations and renewals
- Corporate and registered agent requirements for charitable registration
- The impact of engaging professional fundraisers on charitable registration requirements
- Charitable registration exemptions
- ? The impact of online fundraising on charitable registration
- ? Cause marketing and charitable sales promotions
- Calculation of fair market value of in-kind donations
- Deductibility of contributions and quid pro rule
- Substantiation of contributions
- Required acknowledgements for donors and purchasers at auction events
- State and federal disclosure requirements
- Corporate annual report compliance
- Sales-tax and exemption filings
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