Source: https://www.harborcompliance.com/information/tennessee-nonprofit-compliance
Timestamp: 2020-07-06 05:16:40
Document Index: 319461060

Matched Legal Cases: ['§ 48', '§48', 'art 1', '§ 43', 'art 1', '§ 48']

Tennessee Nonprofit Compliance | Harbor Compliance
Tennessee Nonprofit Compliance
This guide covers the required filings to maintain a nonprofit corporation in Tennessee. If you are looking to form nonprofit in Tennessee, please visit our Start Your Tennessee Nonprofit guide. The steps below apply to nonprofits that are both incorporated and foreign qualified in Tennessee. Please note that this is a general list and may not be exhaustive or applicable to all nonprofits.
2 File Tennessee Corporate Tax Exemption Renewals
Nonprofits are generally not subject to business, franchise, and professional privilege taxes.
More information: Tennessee Department of Revenue
3 File Tennessee Sales Tax Exemption Renewals
Every fourth year the department issues new exemption certificates to nonprofits. No application is required, but organization information must be kept up to date.
4 File Tennessee Annual Report
Agency: Tennessee Secretary of State - Division of Business Services
Prepare your form online then print and mail.
$20 + optional $2.25 online filing fee
By the 1st day of the 4th month after the close of your fiscal year. Usually your fiscal year ends on December 31 and so your annual report is due April 1.
Tenn. Code Ann. § 48-66-203
An authorized officer, member, or partner may file.
If you need to change your registered agent, pay an extra $20 fee.
Fact Checked: 9/10/18
5 Renew the Charitable Solicitation Registration
Tennessee Charitable Organization Registration
Agency: Tennessee Secretary of State - Division of Charitable Solicitations and Gaming
Tennessee Code Annotated §48-101-501 and following
Bona fide religious institutions
An organization organized and operated exclusively for educational purposes and which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on, and which is accredited by a recognized accrediting agency. Included in such definition are organizations composed of parents of students and other persons connected with the institution, which are organized and operated for the purpose of conducting activities in support of the operations or extracurricular activities of such institutions. “Educational institution” also includes private foundations soliciting contributions exclusively for such organizations.
Cooperative scholarship corporations regulated by title 49, chapter 4, part 1
Volunteer fire departments, rescue squads or local civil defense organizations
Community fairs, county fairs, district fairs and division fairs, as defined in § 43-21-104, that have been qualified by the commissioner of agriculture to receive state aid grants, pursuant to title 43, chapter 21, part 1
Political parties, candidates for federal or state office, and political action committees required to file financial information with federal or state election commissions
Hospitals and nursing homes that are subject to regulation by the Tennessee Department of Health
Tenn. Code Ann. § 48-101-502
Charities with less than $50,000 in gross contributions during the preceding fiscal year
Form SS-6042: Annual Request for $50,000 and Under Exemption
Charities must register within 30 days if they exceed $50,000 in contributions.
Fact Checked: 2/3/20
Form SS-6042: Annual Request for $50,000 and Under Exemption (Renewal)
Annually within 6 months of the organization's fiscal year end.
Form SS-6001: Application for Registration of a Charitable Organization
Filing instructions for registration of a charitable organization
Online or mail.
The CFO and another officer must sign. Signatures need not be notarized.
Remember to attach the Summary of Financial Activities form. If your nonprofit registers during its first year, it must file a quarterly financial report.
Some Tennessee counties and municipalities may require charities that solicit in-person to register prior to fundraising.
Form SS-6002: Application to Renew Registration of a Charitable Organization
Filing instructions for renewing registration of a charitable organization
$80-240, depending on gross revenue
Renewal must be filed annually within 6 months after the close of your fiscal year. So if yoru fiscal year ends December 31, then file by June 30.
There is a late fee of $25 for each month that passes after the due date.
Remember to attach the Summary of Financial Activities form
Charities must submit copies of every contract they have with professional fundraisers, fundraising counsels, and commercial co-venturers during initial charitable registration and during charitable registration renewal.
Send the state a copy of the short IRS 990 once it is available.
6Maintain a Tennessee Registered Agent
Maintain a registered agent that has a street address in Tennessee. The registered agent is responsible for receiving legal documents such as service of process. Appointing a registered agent service is often preferable to listing an officer or director, as their information often changes. Consider using our registered agent service in Memphis , TN to maintain compliance with the state requirement.
Revised February 03, 2020. Complete data last reviewed February 22, 2017.