From Guidelines & Principles
This page is the same as Legal Compliance.
Public Policy & Advocacy
Transparency & Accountability
| Compliance with legal reporting, tax law, financial requirements (Internal Revenue Code §6033; 990) US
| Obtain Employer Identification Number (EIN) from the IRS. US
| Document retention & destruction policy (Sarbanes-Oxley Act of 2002; 990) US
| IRS Form 1023 & IRS determination letter, publicly available US
| IRS Form 990 and variants US
| Whistleblower policy (Sarbanes-Oxley Act of 2002; 990) US
| Articles of incorporation (Neb. Rev. Stat. §21-1921, §21-1922; Iowa Code §504.202 Minimum Code Requirements) NE, IA
| File biennial report (by April 1st, in odd years) with Secretary of State (Neb. Rev. Stat. §21-125; Iowa Code §504.1613) NE, IA
|Obtain liquor license (Neb. Rev. Stat. §53-138.03; Iowa Code §123.30(3) (a)) NE, IA
| Obtain gaming license to conduct bingo, a lottery by the sale of pickle cards, a lottery with gross proceeds in excess of $1,000, or a raffle with gross proceeds in excess of $5,000. (Neb. Rev. Stat. §9-232.01(1) (2); Neb. Rev. Stat. §9-424(1)) NE
| Obtain license for games of skill and chance, bingo operations, raffles, and social gambling activities from the Iowa Department of Inspections & Appeals, Social and Charitable Gambling Unit IA
| Professional commercial fundraisers must register with the Iowa attorney general and obtain a registration permit. May be required to update registration quarterly. (Iowa Code §13C.2) IA
| Be prepared to provide financial disclosure information to any person requesting it (Iowa Code §13C) IA
- Be aware of the requirements for sales tax/exemptions, as it varies from state to state.
Iowa has a very broad policy of exempting nonprofits from taxes and Nebraska exempts very few.