NYCON: New Disclosure Requirements for Nonprofits Involved with Electioneering

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New Disclosure Requirements For Nonprofits Involved with Electioneering 6/5/2013 Effective today, nonprofits that are registered with the state will now be required to report the percentage of their expenditures that go to federal, state and local electioneering. Groups that spend at least $10,000 to influence state and local elections in New York will be required to file itemized schedules of expenses and contributions. Those disclosures will be available to the public on the Attorney General’s NY Open Government website. This legislation continues the hunt to track down "dark money" which describe anonymous election spending through 501(c)(4)s. The new requirements are seen as a way to improve transparency and inform the public where their money is going to when they donate to nonprofits  participating in the federal, state, and local electioneering process. To find out more information click the link below; A.G. Schneiderman Adopts New Disclosure Requirements For Nonprofits That Engage In Electioneering