Carrie Minnich’s most recent post is a gentle reminder that nonprofits are required to disclose certain information to the public. The first item is an annual return (990, 990-EZ, 990-PF, and 990-T). Nonprofits have to provide at least three years of returns. The second item is the application for exemption (Form 1023 or 1024) and IRS determination letter.
As Minnich goes on to say, typically a nonprofit will need to provide these two items the day that it is requested. However, for written requests the nonprofit has 30 days to make the documents available. It is perfectly acceptable to charge for photocopies and postage if mailing the materials. Nonprofits may have their annual return, application for exemption, and IRS determination letter on their website to make it readily available for the general public.
If nonprofits do not follow the disclosure requirements for annual returns, they could be fined up to $20 a day with a maximum of $10,000.
To read her full post, click here.