Principle 1: Laws and Regulations for Non Profit Organizations
A charitable organization must comply with all applicable federal laws and regulations, as well as applicable laws and regulations of the states and the local jurisdictions in which it is based and operates. If the organization conducts programs outside of the United States, it must also abide by applicable international laws, regulations and conventions that are legally binding on the United States. The board must be familiar with the hierarchy of laws and the legal framework within which the organizations functions. Making certain that the governing body of your organization is aware of new and updated laws is crucial. Laws are often advanced or added annually; therefore those individuals need to be aware of all legalities pertaining to the organization. LEGAL AND COMPLIANCE ISSUES -Non-profits are covered under federal, state,…