Don’t forget Ohio’s Reporting Requirements for Nonprofits
Since so many foundations are submitting federal financial information returns this week, it’s a good time for a reminder about what Ohio law requires.
Ohio nonprofits – called charitable trusts in the Ohio Revised Code, regardless of whether they are established in corporate or trust form – have annual financial reporting and registration requirements with the Attorney General’s office. This year, nonprofits with a fiscal year that ended after November 30, 2011 need to comply with these requirements using an online system that Attorney General Mike DeWine’s office created last year. The website has an extensive user’s guide as well as tips for using the registration tool.
Ohio charities also must comply with the Secretary of State’s regulations, which require that charities file any changes to their articles of incorporation or statutory agent. Additionally, every five years nonprofits must file a Statement of Continued Existence (along with a filing fee of $25). Not sure when your foundation last filed this form? You can search the online database and see when you’re due to file it, although the Secretary of State’s office should send reminders four months before the statement is due.