§ 5-53.1-4 Reports and records ofregistered charitable organizations. – (a) Every charitable organization registered pursuant to § 5-53.1-2 shallfile with the director a copy of the annual financial statement of theorganization audited by an independent certified public accountant for theorganization's immediately preceding fiscal year, or a copy of a financialstatement audited by an independent certified public accountant covering, in aconsolidated report, complete information as to all the preceding year's fundraising activities of the charitable organization, showing kind and amount offunds raised, costs and expenses incidental thereto, and allocation ordisbursements of funds raised. Charitable organizations having annual grossincome of five hundred thousand dollars ($500,000) or less shall be consideredto have met the financial requirements of this section by providing either anIRS Form 990 or the following financial statements for the immediatelypreceding fiscal year compiled by an independent public or certified accountant:
(1) Statement of activities; and
(2) Statement of Financial Position.
(b) The director may require audited annual financialstatements of charitable organizations with budgets of five hundred thousanddollars ($500,000) or less when the director has reasonable cause to believethat a violation of this chapter has occurred.
(c) Any charitable organization registered pursuant to §5-53.1-2, which is the parent organization of one or more affiliates within thestate, may comply with the reporting requirements of subsection (a) of thissection, by filing a combined written report upon forms prescribed by thedirector.
(d) As used in this section the term "affiliate" includes anychapter, branch, auxiliary, or other subordinated unit of any registeredcharitable organization, however designated, whose policies, fund raisingactivities, and expenditures are supervised or controlled by the parent.
(e) There shall be appended to each combined report aschedule, containing the information that may be prescribed by the directorreflecting the activities of each affiliate, which shall contain acertification, under penalty of perjury, by an official of the organization,certifying that the information contained therein is true.
(f) The failure of a parent organization to file anappropriate combined written report shall not excuse either the parentorganization or its affiliates from complying with the provisions of subsection(a) of this section.
(g) A combined report filed pursuant to this section shall beaccompanied by a fee of seventy-five dollars ($75.00) plus seventy-five dollars($75.00) for each organization included in the report.
(h) The director may accept a copy of a current annual reportpreviously filed by a charitable organization with any other governmentalagency in compliance with the provisions of this chapter; provided, that thereport filed with the other governmental agency shall be substantially similarin content to the report required by this section.
(i) The due date on which to submit financial information(IRS Form 990 or audited annual financial statements) shall initially beextended until the IRS due date, and then until the IRS extension dates, asnecessary. For the initial request, the registrant shall submit to thedepartment an extension request letter with the annual registration formstating the IRS due date. For any further extensions, the registrant shallsubmit an additional letter or a copy of the IRS request for an extension form.The extensions apply to Form 990, the annual audited financial statement, andany other information referred to in § 5-53.1-2(a)(9), (11) and (12). Withrespect to organizations that submit compiled financial statements referred toin § 5-53.1-4(a), extensions will be granted upon written request,totaling not more than six (6) months.
§ 5-53.1-4 Reports and records ofregistered charitable organizations. – (a) Every charitable organization registered pursuant to § 5-53.1-2 shallfile with the director a copy of the annual financial statement of theorganization audited by an independent certified public accountant for theorganization's immediately preceding fiscal year, or a copy of a financialstatement audited by an independent certified public accountant covering, in aconsolidated report, complete information as to all the preceding year's fundraising activities of the charitable organization, showing kind and amount offunds raised, costs and expenses incidental thereto, and allocation ordisbursements of funds raised. Charitable organizations having annual grossincome of five hundred thousand dollars ($500,000) or less shall be consideredto have met the financial requirements of this section by providing either anIRS Form 990 or the following financial statements for the immediatelypreceding fiscal year compiled by an independent public or certified accountant:
(1) Statement of activities; and
(2) Statement of Financial Position.
(b) The director may require audited annual financialstatements of charitable organizations with budgets of five hundred thousanddollars ($500,000) or less when the director has reasonable cause to believethat a violation of this chapter has occurred.
(c) Any charitable organization registered pursuant to §5-53.1-2, which is the parent organization of one or more affiliates within thestate, may comply with the reporting requirements of subsection (a) of thissection, by filing a combined written report upon forms prescribed by thedirector.
(d) As used in this section the term "affiliate" includes anychapter, branch, auxiliary, or other subordinated unit of any registeredcharitable organization, however designated, whose policies, fund raisingactivities, and expenditures are supervised or controlled by the parent.
(e) There shall be appended to each combined report aschedule, containing the information that may be prescribed by the directorreflecting the activities of each affiliate, which shall contain acertification, under penalty of perjury, by an official of the organization,certifying that the information contained therein is true.
(f) The failure of a parent organization to file anappropriate combined written report shall not excuse either the parentorganization or its affiliates from complying with the provisions of subsection(a) of this section.
(g) A combined report filed pursuant to this section shall beaccompanied by a fee of seventy-five dollars ($75.00) plus seventy-five dollars($75.00) for each organization included in the report.
(h) The director may accept a copy of a current annual reportpreviously filed by a charitable organization with any other governmentalagency in compliance with the provisions of this chapter; provided, that thereport filed with the other governmental agency shall be substantially similarin content to the report required by this section.
(i) The due date on which to submit financial information(IRS Form 990 or audited annual financial statements) shall initially beextended until the IRS due date, and then until the IRS extension dates, asnecessary. For the initial request, the registrant shall submit to thedepartment an extension request letter with the annual registration formstating the IRS due date. For any further extensions, the registrant shallsubmit an additional letter or a copy of the IRS request for an extension form.The extensions apply to Form 990, the annual audited financial statement, andany other information referred to in § 5-53.1-2(a)(9), (11) and (12). Withrespect to organizations that submit compiled financial statements referred toin § 5-53.1-4(a), extensions will be granted upon written request,totaling not more than six (6) months.
§ 5-53.1-4 Reports and records ofregistered charitable organizations. – (a) Every charitable organization registered pursuant to § 5-53.1-2 shallfile with the director a copy of the annual financial statement of theorganization audited by an independent certified public accountant for theorganization's immediately preceding fiscal year, or a copy of a financialstatement audited by an independent certified public accountant covering, in aconsolidated report, complete information as to all the preceding year's fundraising activities of the charitable organization, showing kind and amount offunds raised, costs and expenses incidental thereto, and allocation ordisbursements of funds raised. Charitable organizations having annual grossincome of five hundred thousand dollars ($500,000) or less shall be consideredto have met the financial requirements of this section by providing either anIRS Form 990 or the following financial statements for the immediatelypreceding fiscal year compiled by an independent public or certified accountant:
(1) Statement of activities; and
(2) Statement of Financial Position.
(b) The director may require audited annual financialstatements of charitable organizations with budgets of five hundred thousanddollars ($500,000) or less when the director has reasonable cause to believethat a violation of this chapter has occurred.
(c) Any charitable organization registered pursuant to §5-53.1-2, which is the parent organization of one or more affiliates within thestate, may comply with the reporting requirements of subsection (a) of thissection, by filing a combined written report upon forms prescribed by thedirector.
(d) As used in this section the term "affiliate" includes anychapter, branch, auxiliary, or other subordinated unit of any registeredcharitable organization, however designated, whose policies, fund raisingactivities, and expenditures are supervised or controlled by the parent.
(e) There shall be appended to each combined report aschedule, containing the information that may be prescribed by the directorreflecting the activities of each affiliate, which shall contain acertification, under penalty of perjury, by an official of the organization,certifying that the information contained therein is true.
(f) The failure of a parent organization to file anappropriate combined written report shall not excuse either the parentorganization or its affiliates from complying with the provisions of subsection(a) of this section.
(g) A combined report filed pursuant to this section shall beaccompanied by a fee of seventy-five dollars ($75.00) plus seventy-five dollars($75.00) for each organization included in the report.
(h) The director may accept a copy of a current annual reportpreviously filed by a charitable organization with any other governmentalagency in compliance with the provisions of this chapter; provided, that thereport filed with the other governmental agency shall be substantially similarin content to the report required by this section.
(i) The due date on which to submit financial information(IRS Form 990 or audited annual financial statements) shall initially beextended until the IRS due date, and then until the IRS extension dates, asnecessary. For the initial request, the registrant shall submit to thedepartment an extension request letter with the annual registration formstating the IRS due date. For any further extensions, the registrant shallsubmit an additional letter or a copy of the IRS request for an extension form.The extensions apply to Form 990, the annual audited financial statement, andany other information referred to in § 5-53.1-2(a)(9), (11) and (12). Withrespect to organizations that submit compiled financial statements referred toin § 5-53.1-4(a), extensions will be granted upon written request,totaling not more than six (6) months.
