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What are the responsibilities of the Affiliated Organization?

April 26, 2017affiliated organization responsibilities

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What are the responsibilities of the Affiliated Organization?

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The Affiliated Organization must maintain a record of its activities, maintain a record of contributions received, prepare, keep, and file a record of its financial transactions (including, but not limited to: IRS Form 990, IRS Form 1099, IRS rules and regulations, and all applicable state requirements). It must also renew annually with the AAU as an Affiliated Organization, in order to maintain the limited trademark license and tax-exempt status. In addition, the Affiliated Organization must check with state and local agencies for required filings and reports. The IRS link below contains some state filing and information. IRS Link to State Charities Offices http://www.irs.gov/charities/charitable/article/0,,id=135820,00.