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As of January 1, 2021, new Subsection (9) of Section 172-b of the New York Executive Law (the “New Rule”) imposes additional reporting requirements for certain nonprofit organizations that solicit charitable contributions in New York State.
While certain organizations were already required to register and file Form CHAR500 Annual Financial Filings with the New York State Attorney General’s Charities Bureau (“Charities Bureau”), the New Rule effectively creates a dual filing requirement. Going forward, certain nonprofit organizations that solicit charitable contributions in New York must file Form CHAR500 with
both the Charities Bureau