Below is a correction and a brief update to last week’s Legal Alert about the new NYS Department of State reporting requirements:
- Our 1/14/21 Legal Alert noted that the filing requirement relates to groups that: (a) are registered or are required to be registered with the NYS Charities Bureau; (b) file an annual CHAR 500 report with the Charities Bureau; and (c) have total revenue and support exceeding $750,000. The correct amount referenced in (c) is total revenue and support in any fiscal year of at least $250,000.
- The NYS Department of State has updated their website with a brief summary of this new requirement, which you can find here.
We will continue to provide additional information on these new filing requirements as they become available.
If you have questions, please contact your local Pro Bono Partnership office.
This document is provided as a general informational service to volunteers, clients, and friends of Pro Bono Partnership. It should not be construed as, and does not constitute, legal advice on any specific matter, nor does distribution of this document create an attorney-client relationship.