Q. What is Southern New Mexico Giving Day?
Southern New Mexico Giving Day is a virtual event that is designed to ignite giving across our region to support causes in our community. Nonprofit organizations and donors throughout our community are invited to join Giving Day to promote philanthropy to engage new donors in our community.
Q. When is Southern New Mexico Giving Day?
Southern New Mexico Giving Day is set for Friday, April 22, 2022, from midnight to 11:59 PM.
Q. Which organizations can participate?
Organizations that are verified 501(c)(3) charitable nonprofits that are headquartered or provide services in Southern New Mexico.
Q. Who can donate?
Anyone may make a tax-deductible donation to one or more nonprofit organizations via credit/debit card and electronic check/bank draft through the Southern New Mexico Giving Day portal with a minimum donation of $10 and cannot be refunded. All donations will be processed by the Community Foundation of Southern New Mexico, which will issue the tax receipt to donors and distribute gifts to the designated nonprofit organizations.
All donations through Southern New Mexico Giving Day must be 100% tax-deductible; consequently, no goods or services may be exchanged for the gift. A participating organization nor any person raising funds for an organization can offer any kind of incentive )time, product, or consideration) in exchange for donations made through Southern New Mexico Giving Day. Southern New Mexico Giving Day will not share or sell donor information to any other organization or entity.
Q. What is GiveGab?
GiveGab is a nonprofit giving platform that helps nonprofits to raise money, engage donors and manage volunteers quickly and efficiently. GiveGab offers a full portfolio of simple and easy-to-use products that allow organizations to function in a more streamlined manner.
Q. How much of my donation goes to the nonprofit?
GiveGab retains a 3.5% campaign management fee from all donations. Credit Card processing fees are an additional 2.5% + $0.30 for all major credit cards (Visa, MasterCard, American Express, and Discover). You are given the option to cover the fees and if you choose this option, 100% of your online charitable gift will go to the receiving organization. All donations are final and cannot be refunded.
Q. Who will receive my contact information?
The organization(s) you choose to support will have access to your name and email address. This information is used solely to send thank you messages, provide the option to receive future notifications, and notify you of future activities.
Q. Can I make donations via a mobile device?
Yes! Simply visit southernnewmexicogivingday.org on your mobile device.
Q. Can I pre-schedule a donation?
You cannot pre-schedule your gift. In order for your donation to be counted towards prize incentives awarded on Southern New Mexico Giving Day it must be made between midnight and 11:59 p.m. on Friday, April 22, 2022.
Q. What is state charitable solicitation registration?
Nonprofits are held to a high standard of government regulation and public scrutiny. And that is with good reason! Eligible 501(c)3 nonprofits are exempt from federal corporate taxes and have access to public funding. These benefits are not typically available to for-profit businesses, so laws are in place to protect the public and ensure nonprofits do not abuse their financial advantages. The IRS and states all have requirements for nonprofits.
Q. Why is state charitable solicitation registration compliance important?
While 501(c)3 nonprofits receive key financial benefits, the penalties for non-compliance can be serious. The IRS can revoke a nonprofit’s tax exemption and impose fines that can accrue daily. The states can administratively dissolve a nonprofit corporation and levy steep financial penalties. Perhaps worst of all, an organization can lose out on a grant or large donation because it has not kept itself in good standing.
Taking a proactive approach to compliance helps ensure the sustained success of the organization. The cost of staying compliant is small in comparison to the much larger costs of noncompliance. The saying, “an ounce of prevention is worth a pound of cure” could not be more true in this context.
Q. What are the key aspects of state charitable solicitation registration compliance?
The IRS provides tax exemptions to eligible nonprofits under IRC 501(c)3. Public charities and private foundations receive 501(c)(3) tax exemption. The IRS scrutinizes organizations when they apply for 501(c)(3) but also ensures that those organizations meet the ongoing obligations to remain eligible. Nonprofits must file a 990 tax form each year with the IRS to disclose their financial data for the year.
Each state has its own set of requirements. Nonprofits are typically incorporated in a given state as nonprofit corporations. The state in which the nonprofit has incorporated will impose requirements on the nonprofit, and those responsibilities typically span across multiple state agencies. Usually, nonprofits must submit an annual filing to the corporation's division of the secretary of state, maintain its license to fundraise (charitable solicitation registration), file for a state business license, and maintain state-level tax exemption with the revenue department. As nonprofits expand outside of the state or operate nationwide, they must comply with the same items in each other state as well.
In addition to IRS and state filing requirements, nonprofits must keep adequate records. Keeping accurate and complete records is critical in the event that an organization is audited. It is also common that board members or donors to request information from the organization. Finally, records are necessary for submitting applications and renewal filings with various government agencies.
Q. When I check the box on GiveGab to declare state charitable solicitation registration compliance, what am I attesting to?
When you check the box you are attesting (defined as "declaring that something exists or is the case") that your organization is compliant with applicable state fundraising requirements in the states in which you may solicit donors using the GiveGab platform.
Q. Do you have additional resources to reference state charitable solicitation registration?
Yes! Here are a few more resources from Harbor Compliance to help you:
- Guide and Overview of Many Nonprofit State by State Compliance Requirements
- Guide and Overview Specific to Fundraising Compliance
- National Council of Nonprofits and Harbor Compliance have partnered to create a white paper explaining the state charitable solicitation registration requirements.
- A Quick Summary of Charitable Solicitation in Graphic Form
- Executive Brief: Charitable Solicitation Registration (great for driving awareness and support with leadership and the board)
- State by State Links to the State Organizations that Regulate Charities, Solicitation, and Registrations