Florida Charities Must Now Report Conflicts of Interest and Finances

– Charities subject to the Florida Solicitation of Contributions Act are now required to adopt a conflict of interest policy for transactions with related parties.
– Most charitable organizations must now file a tax return and financial statements with the Department of Agriculture and Consumer Affairs.
– Charities with over $1 million in revenue and spending less than 25% on program services must provide supplemental information regarding administrative funding and transactions with officers, directors, and trustees.

https://www.williamsparker.com/insights/florida-charities-subject-to-new-conflict-of-interest-and-financial-reporting-obligations/