The IRS and some states require nonprofits to disclose certain documents to the public upon request. Additionally, the IRS and some states even make these documents available to the public. Donors want to be able to ensure that the nonprofits they donate to are spending their contributions wisely. Maintaining transparency – which nonprofits accomplish in …
Posts Categorized: Attorney General
Beware the Attorney General: Scrutiny of Director Compensation on the Rise
Recent California Attorney General (“AG”) audits should make every nonprofit board beware the Attorney General. This charity regulator appears to be doubling down on its scrutiny of director compensation. Under the California Nonprofit Corporation Law (the “Nonprofit Law”), the AG has the authority to look into virtually every aspect of a charity’s operations. This broad …
California Attorney General Requires New Forms
Most charities incorporated or operating in California must register and file annual reports with the California Attorney General’s Registry of Charitable Trusts. Paid fundraisers soliciting and/or receiving charitable assets in California also must register with and report to the Registry. Newly established charities (and those new to California) must register with the Registry of Charitable …