Template
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.
Thou Shalt Not
Have any shareholders.
Expend income on anything intended to advance any purpose other than your tax-exempt purpose.
Contribute to political campaign(s).
Lobby in order to affect legislation in any “substantial” way.
Make substantial profits from, or contribute substantial time on, “unrelated activities”.
Thou Shalt
Keep good records.
File a 990 informational return on time
Act in accordance with Company Bylaws.
Conduct proper board meetings.
Make a conflict of interest policy.
Not allow a paid officer to also be a director.
Not pay a director, who is also an officer or member.
Pay taxes on unrelated activities over $1,000.
Thou May
Pay members, officers, and directors.
Pay independent contractors.
Build grassroots campaign(s).
Promote the company.
This creates a private checklist in your account.