We are a large non-profit human services corporation. As compliance officer I ask our board members to complete and sign an annual conflict of interest document.
I heard "through the grapevine" that there is a new law for non-profits in NJ, that we need to collect info on any political contributions our board members and executives make (with their personal money, of course that agency does not make such contributions.) I think I need to add this to the annual conflict of interest survey, but I'm having trouble finding the law.
When I search laws on 501(c)3's and tax-exempt requirements, I am not finding such a law. Is the rumor I heard correct? Is is federal rather than NJ? Is it not tax law at all, but another type of law? Does a "political contribution" mean a campaign contribution to a candidate for office, or any contribution to a politically-oriented entity?
Thanks for any help; my area is healthcare compliance, not tax law.