Regulatory Compliance

Introduction

Nonprofit organizations have regulations set forth by the city, state, and federal government. In order to keep nonprofit status, these regulations must be complied with. This lesson outlines the three regulatory bodies nonprofits will work with.

Three Regulatory Bodies

• IRS – 990
  • Due for all 501(c)(3) corporations on the 15th day of the 5th month after the end of the organization’s accounting period
    • For NAs on the July-June fiscal year, the due date is November 15th
    • For NAs on the Calendar year, the due date is May 15th
  • Types and Due Date
    • Form 990-N (e-Postcard)
      • Gross receipts normally ≤ $50,000
      • Organizations who are eligible to file the e-Postcard may choose to file a full return
      • User guide for Form 990-N
    • Form 990-EZ
      • Gross receipts < $200,000 AND
      • Total assets < $500,000
      • Instruction Documentation
    • Full Return
      • Gross receipts ≥ $200,000
      • Total assets ≥ $500,000
      • Instruction Documentation
    • Form 990-PF
      • For Private foundations – regardless of financial status
      • Instruction Documentation
  • 3 years of non-filing will result in organization being auto-revoked
    • Revocation means tax-exempt status is lost
• Secretary of State
  • Articles of Incorporation come from here
  • CT-12 Annual Report – due on or before “corporate birthday” (date of incorporation)
  • To see your business, go to:
    • https://sos.oregon.gov/business/Pages/find.aspx
  • If filings are not made on time, a corporation can be administratively dissolved
• Oregon Department of Justice
  • New registration and annual registration
  • https://www.doj.state.or.us/charitable-activities/