Noncompliance. As the word suggests, noncompliance is the opposite of compliance. But what does noncompliance mean as it relates to your nonprofit? More important still, what is the true cost of noncompliance?
If you have been a client or follower of Foundation Group for any length of time, you have heard us hounding you to get your organization in compliance. In other words, do everything you need to do comply with local, state and federal law regarding your nonprofit. A complete list of compliance items looks rather daunting. It typically includes everything from filing your corporate annual report to properly keeping your books and records to registering with your state’s Solicitations Department. We tend to talk about these things so often, it can come across more as a series of dos and don’ts and, in the process, the true cost of noncompliance can get lost. Let me share with you some real life examples that will help you see what I mean. Each case discussed is an FG client that we have helped to clean up the mess: