What Compliance Means For Your Fundraising Efforts
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What Compliance Means For Your Fundraising Efforts 11/17/16 1pm Eastern The presentation will begin shortly.
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Transcript of What Compliance Means For Your Fundraising Efforts
What Compliance Means For Your
Fundraising Efforts
11/17/16 1pm Eastern
The presentation will begin shortly.
3
This presentation is being recorded! The recording and slides will be emailed to you.
Please chat in any questions for our guest. We will answer them in the formal Q&A session
at the end of the presentation.
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Before we get started »
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Our guest presenters » Brock Klinger & James Gilmer
• Brock Klinger is an Account Manager for Harbor Compliance. He is an Eagle Scout and in his spare time volunteers with Boy Scouts of America.
• James Gilmer is a Compliance Specialist for Harbor Compliance. He is a co-founder of Berks Sinfonietta, Inc., a chamber orchestra in Berks County, Pennsylvania.
CHARITABLE SOLICITATIONWhat does it take to be compliant?
November 17th1:00 PM EST
Presented by:Brock Klinger and James Gilmer
INTRODUCTION TO US
Harbor Compliance provides services and software to help executive teams and boards manage compliance. We have a proven track record of success in all stages and aspects of charitable solicitation compliance including registrations, exemptions, extensions, renewals, corporate qualifications, and registered agents.
Harbor Compliances is not an accounting or legal firm and does not provide tax, financial, or legal advice.
Brock KlingerAccount Manager
717-431-9022 (direct)[email protected]
James GilmerCompliance Specialist
717-431-9021 (direct)[email protected]
YOUR PRESENTERS
WHAT WILL WE COVER?
State registration requirements
Online fundraising
Why compliance should be a priority
What it takes to register, including the costs
How to manage registrations and simplifythe process
CHARITABLE SOLICITATION COMPLIANCE
From the Internal Revenue Service
Many states have laws regulating the solicitation of funds for charitable purposes. These statutes generally require organizations to register with a state agency before soliciting the state's residents for contributions, providing exemptions from registration for certain categories of organizations. In addition, organizations may be required to file periodic financial reports. State laws may impose additional requirements on fundraising activity involving paid solicitors and fundraising counsel.
41 states require registration
24 states require disclosure statements
DO THESE REQUIREMENTS APPLY TO US?
Solicitation = Asking for donations
Common forms of solicitation:
Fundraising events
Direct mail
Phone calls
Emails
Online fundraising
Applying for grants
Radio and TV ads
Collecting membership dues
Auctions, bingos, raffles, games
Professional solicitors, fundraising consultants, or commercial co-ventures
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ONLINE FUNDRAISING
Two practical approaches:
Register or file an exemption in all 41 states
Do not accept online contributions from states in which you are not registeredOR
Ways to solicit online:
“Donate Now”buttons
Social media
State guidelines; not law
Only 19 state follow them
Quick notes about The Charleston Principles:
WHERE DO WE NEED TO REGISTER?
Review solicitation in each of the 41 states
Compliance may mean filing registrations or exemptions
Solicitation is the keyTAKE ACTION!
Educate your organization on themeaning of solicitation and reviewyour fundraising footprint.
WHY COMPLIANCE SHOULD BE A PRIORITY
Risks and consequences of noncompliance
State fines and penalties
Bad PR and embarrassment
Loss of state recognition of tax exemption
Revocation of right to solicit
TAKE ACTION!
Communicate to your organization why compliance should be a priority.
Enforcement actions and audits
Liability for officers and directors
Missed grant and donation opportunities
WHAT DOES IT TAKE TO REGISTER?
1Research
Registration status
Application forms, fees, and supporting documents
Other state pre-requisites
2Apply
Mail, fax, and online applications
State fees range from $1,400-5,000 for 41-state registration
3Monitor
Process times vary from a week to several months
Follow up with states to ensure approval
Track renewal dates
File renewal applications
Stay current with legislative changes
4Renew
WHAT DOES IT TAKE TO REGISTER?
1Research
Registration status
Application forms, fees, and supporting documents
Other state pre-requisites
2Apply
Mail, fax, and online applications
State fees range from $1,400-5,000 for 41-state registration
3Monitor
Process times vary from a week to several months
Follow up with states to ensure approval
Track renewal dates
File renewal applications
Stay current with legislative changes
4Renew
WHAT DOES IT TAKE TO REGISTER?
1Research
Registration status
Application forms, fees, and supporting documents
Other state pre-requisites
2Apply
Mail, fax, and online applications
State fees range from $1,400-5,000 for 41-state registration
3Monitor
Process times vary from a week to several months
Follow up with states to ensure approval
Track renewal dates
File renewal applications
Stay current with legislative changes
4Renew
WHAT DOES IT TAKE TO REGISTER?
1Research
Registration status
Application forms, fees, and supporting documents
Other state pre-requisites
2Apply
Mail, fax, and online applications
State fees range from $1,400-5,000 for 41-state registration
3Monitor
Process times vary from a week to several months
Follow up with states to ensure approval
4Renew
Track renewal dates
File renewal applications
Stay current with legislative changes
TAKE ACTION!
Review how your organization handles compliance. If you haven’tregistered, discuss plans forbecoming compliant.
MANAGING COMPLIANCE
Time to manage renewals
Files to keep copies of licenses and applications
Spreadsheet of registration numbers, statues, due dates
Calendar system forreminders of renewals
Preparingdisclosure statements
Monitor legislative andadministrative changes
OUR SOLUTION
TAKE ACTION!
Reach out to us to discuss how wecan partner with your organization!
Fully manage each step of the process
Tracking software for reporting
Flat-rate pricing per state
Expert team with a dedicated Compliance Specialist
QUESTIONS & ANSWERS
Next Step:
Contact us!
Contact me by email to schedule a time to speak or send additional questions to
Brock Klinger [email protected]
Questions?
https://bloomerang.co/resources
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