H274: An Act Relevant to the Annual Report of Public Charities, 2008

Nonprofit organizations are subject to the same demands of bookkeeping that come with running a business. The MNN has used its extensive knowledge of nonprofit organization and administration to lobby for legislation that will reduce the burden of business administration for nonprofits so that they can focus on their goals. A prime example of this is H274:

An Act Relevant to the Annual Report of Public Charities passed in 2008. For the past thirty years, nonprofit organizations with annual operating budgets of more than $100,000 had to file costly financial statements that often necessitated the services of a Certified Public Accountant. However, this ruling failed to consider the impact of inflation and the rising costs of running a business.

The reality is that many small nonprofit organizations require a budget of at least $100,000 in order to effectively carry out their goals. As a result, the MNN worked extensively with State Representative Charles A. Murphy and State Senator Susan C. Fargo to draft and pass legislation that raised the nonprofit budget requirement from $100,000 to $200,000. This legislative change, though seemingly minor, has reduced the operation costs for numerous small nonprofits across the state and has eliminated the need for these smaller organizations to take time away from their missions to address this complicated and time-consuming