Or. Admin. Code § 137-010-0020 - Contents of Annual Reports
(1) A
complete annual report for a charitable organization incorporated,
headquartered, or organized in a state other than Oregon, including outside of
the United States, shall include a completed Attorney General's form CT-12F.
(2) A complete annual report for a
trust with both charitable and non-charitable beneficiaries shall include a
completed Attorney General's form CT-12S.
(3) A complete annual report for a charitable
organization incorporated, organized, or headquartered in Oregon or not
described in OAR 137-010-0020(1) or (2) shall include a completed Attorney
General's form CT-12.
(4) A
complete annual report is required to also include:
(a) A copy of all year-end, federal reporting
forms, schedules and attachments filed with the Internal Revenue Service for
the same period, such as a form 990, 990EZ, 990PF, or 5227. Organizations are
not required to provide copies of a 990N (epostcard) filing if they otherwise
provide confirmation that a 990N return was filed with the IRS.
(b) A copy of the independent auditor's
report on the corporation's financial records and accompanying financial
statements and other attachments if such an audit was prepared.
(c) Updates to information requested in the
registration statement, information regarding legal actions as described in OAR
137-010-0010(1), information on whether the organization is ceasing operations
in Oregon, and information related to a determination of applicable filing
requirements under ORS
128.610 to
128.769.
(d) Information related to revenues,
expenditures, and assets, including information necessary to the determination
or calculation of applicable fees.
(5) In the event the charitable organization
has total annual gross receipts of $50,000 or more or total assets of $100,000
or more, but the organization did not file with the IRS an IRS form 990, 990EZ,
990PF, or 5227 for the reporting period because the organization does not hold
tax exempt status, because the organization is eligible to file the 990N, or
for some other reason, such organization is required to complete for purposes
of its Oregon annual report, an IRS form 990 or 990EZ, including all applicable
schedules. If the organization's annual gross receipts are less than $200,000,
it may use IRS 990EZ. Otherwise, the organization is required to use IRS form
990. If the IRS form was not filed with the IRS but is provided in connection
with Oregon's annual report requirements, the form is required to be clearly
labeled as for Oregon purposes only or otherwise identify that the form has not
been filed with the IRS. Organizations may request a waiver of this requirement
by submitting a written request for a waiver with their annual report, along
with an income statement and balance sheet, or statements containing similar
information.
(6) Charitable
organizations are required to file annual reports covering all time periods
preceding the date that the organization requested closure of its registration
file or notified the Department that it ceased operations.
(7) A charitable organization is not required
to submit as part of its annual report to the Attorney General a copy of any
IRS form 990 Schedule B listing of contributors that would be exempt from
disclosure under federal law.
Notes
Forms referenced are available from the agency.
Stat. Auth.: ORS 128.670
Stats. Implemented: ORS 128.670
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.