How to Keep Your Non Profit in Compliance: A Checklist
For many Non Profit organizations, maintaining Non Profit status is the key to keeping a certain image in the public eye, and to continuing profits. Below you’ll find a list of what you shalt not and shalt do in order to keep your Non Profit in compliance.
non profit in compliance
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Thou Shalt Not
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Have any shareholders.
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Expend income on anything intended to advance any purpose other than your tax-exempt purpose.
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Contribute to political campaign(s).
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Lobby in order to affect legislation in any “substantial” way.
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Make substantial profits from, or contribute substantial time on, “unrelated activities”.
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Thou Shalt
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Keep good records.
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File a 990 informational return on time
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Act in accordance with Company Bylaws.
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Conduct proper board meetings.
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Make a conflict of interest policy.
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Not allow a paid officer to also be a director.
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Not pay a director, who is also an officer or member.
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Pay taxes on unrelated activities over $1,000.
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Thou May
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Pay members, officers, and directors.
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Pay independent contractors.
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Build grassroots campaign(s).
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Promote the company.
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