Are there any special reporting requirements for donors to a nonprofit organization?

In Washington, nonprofit organizations are regulated by the state office of the Secretary of State Corporations Division. In order to maintain the nonprofit status, organizations must adhere to specific laws, which includes filing an annual report. When it comes to donors, the Washington Nonprofit Corporations Act states that nonprofits must collect certain identifying information from donors to determine the level of a contribution. According to Washington law, donors making contributions valued at $25 or more must provide their name, address, occupation, and information about the contribution. It is important to note that though this information must be collected, it does not have to be disclosed to the public. Nonprofits are responsible for ensuring the confidential treatment of the donor’s personal data. Another reporting requirement for donors is regarding political contributions. If a donor is making a political contribution of $25 or more, the nonprofit must prepare a report summarizing the aggregate amount of all political contributions and expenditures made during a calendar year. This reporting requirement is in addition to the information that must be collected and preserved by the nonprofit. In conclusion, nonprofit organizations in Washington are expected to adhere to special reporting requirements when it comes to donor contributions. Though specific information must be collected from donors making contributions valued at $25 or more, the information does not have to be disclosed to the public. Additionally, all political contributions must be reported, summarizing the aggregate amount of all political contributions and expenditures.

Are there any special reporting requirements for donors to a nonprofit organization?

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