OAR 150-305-0410: Charitable Checkoff Financial Reporting Requirements

It is the commission’s responsibility to properly consider all applicants to the checkoff program and participants in the program approved by the commission. In order to carry out this responsibility, the commission finds that it is necessary to receive additional financial information. This information will also be used to determine the use of any funds received through the checkoff program. (1) Financial statements and budget documents shall be required. (a) The financial statements and budget documents must cover the most recent three years or the length of time the entity has been in existence. (b) The financial statements and budget documents must be submitted by July 1 the third tax year for which the entity seeks to be included on a schedule of the individual income tax return and no later than July 1 of every second year thereafter. (2) All documents shall be verified as provided in ORS 305.810 by a principal of the entity, a principal in the solicitation activities of the entity, or the executive officer of the entity. (3) If the documents submitted by July 1 do not contain the necessary information, documentation, or verification the commission shall notify the applicant of the deficiency within 15 days. The commission will provide a reasonable opportunity after the notification to submit the necessary materials. Failure to submit the necessary materials when requested may result in disqualification. (4) The provisions of this administrative rule will be effective for applications received on or after January 1, 1992.