div#example { text-align: center; padding-top: 70px; }

NYS Charities Bureau

NYS: Bill signed extending effective date of the prohibition on an employee serving as board chairperson

A bill amending section 713(f) of the Not-for-Profit Corporation Law (N-PCL) was signed by the Governor on October 26, 2015.  That section of the N-PCL prohibits an employee from serving as the chair of the board of a not-for-profit corporation.  The bill extended the effective date of N-PCL section 713(f) from January 1, 2016 to January 1, 2017.  The text of the bill is posted here

Audit Committees and the Nonprofit Revitalization Act of 2013

New Guidance was publiched by the NYS Charities Bureau.

You can find it here:



New York’s Executive Law requires most organizations that solicit charitable contributions in New York to register with the Attorney General’s Charities Bureau.1 Organizations whose revenues exceed the thresholds described later in this guidance are required to submit audited financial statements “in conformity with generally accepted accounting principles, including compliance with all pronouncements of the financial accounting standards board and the American Institute of Certified Public Accountants.”2 The audit must be submitted with New York’s Annual Filing for Charitable Organizations (Form CHAR500) and Internal Revenue Service Form 990. To enhance compliance with the audit requirement, the Nonprofit Revitalization Act of 2013 (“the NPRA”) added section 712-a to the Not-for-Profit Corporation Law (“N-PCL”) setting forth the audit oversight responsibilities of not-for-profit corporations and section 8-1.9 to the Estates, Powers and Trusts Law (“EPTL”) setting forth the responsibilities of trusts3 that are subject to the audit requirements. EPTL section 8-1.9 specifically makes applicable to charitable trusts a number of sections of the NPRA, including the provisions addressing audit oversight, as well as related party transactions and mandatory conflict of interest and whistleblower policies. This guidance has been prepared to assist nonprofits in implementing audit oversight procedures or revising procedures already in place. It should not, however, be viewed as a substitute for advice from an organization’s attorney or accountant.