Welcome to your daily briefing on nonprofit developments in New Hampshire. Today we're covering 9 key stories including updates on new hampshire nonprofit headlines, new hampshire nonprofit updates, background & context. Let's dive in.
5 stories
An update from Simon Delekta, vice president of community engagement and impact, on the new Opioid Abatement Community Grants Program, the Racial Justice Fund, and upcoming deadlines.
Relevant to nonprofit professionals operating in NH.
An update from Simon Delekta, vice president of community engagement and impact, on grant program for nonprofits serving New Hampshire communities that includes rolling deadline and streamlined application process.
Relevant to nonprofit professionals operating in NH.
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Relevant to nonprofit professionals operating in NH.
Learn New Hampshire’s non-profit filing requirements, deadlines, and compliance rules. Ensure your organization stays in good standing with the state.
Relevant to nonprofit professionals operating in NH.
This guide helps you to know more about how to start a nonprofit corporation in New Hampshire, obtaining tax-exempt status, and NH annual report requirements.
Relevant to nonprofit professionals operating in NH.
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1 story
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Relevant to nonprofit professionals operating in NH.
3 stories
Donor-restricted gifts must be tracked separately and used only for the restricted purpose; using them for general operations — even with intent to "pay back" later — is a fiduciary breach and an audit finding. The most-common fact pattern: cash-flow shortage in operations, restricted-grant balance available, transfer "borrowed" with no formal repayment plan.
State attorneys general have authority over restricted-gift compliance and have pursued individual board members and executives. Auditors are required to disclose restricted-fund violations in the management letter.
Negligent-screening claims arise not from failing to have a screening policy, but from failing to follow the policy that exists. A documented policy with inconsistent enforcement is harder to defend than no policy at all, because the deviation is evidence of negligence.
Insurance carriers tighten coverage on organizations with screening-process gaps. The cost of consistent enforcement is small; the cost of a single uninvestigated incident can close the organization.
The IRS-recommended COI policy requires (1) annual disclosure by all directors and key employees, (2) a process for review of any disclosed conflict, (3) recusal procedures, and (4) documentation in board minutes. Policies that have only the disclosure form without the review and recusal process do not satisfy the recommendation.
A weak COI policy is a Schedule L disclosure waiting to happen, and Schedule L disclosures correlate with future IRS examination selection.
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