Florida Charities Must Report Conflicts of Interest and Finances

– Charities subject to the Act are now required to adopt a conflict of interest policy for transactions with certain related parties.
– Most charitable organizations are now required to file a tax return and financial statements.
– Charities with over $1 million in revenue and less than 25% spent on program services costs must file supplemental information with DACA regarding funding of administrative functions.

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