Section 50. Discontinuance of solicitations in Virginia

A. Ceasing solicitations. If a charitable or civic organization ceases to solicit contributions in Virginia, the charitable or civic organization shall notify the commissioner on or before the 15th day of the fifth month following the end of the organization's fiscal year and shall submit a copy of the completed IRS Form 990, 990-PF, or 990-EZ, for the past fiscal year, with all schedules, as required by the IRS, except Schedule B, and with all attachments, as filed with the IRS, or with certified audited financial statements for the past fiscal year, or if the organization's annual income qualifies the organization to file Form 990-N with the IRS, a certified treasurer's report for the past fiscal year. If the organization submits the IRS Form 990, 990-PF, or 990 EZ, the form must be signed or, if the form is filed electronically with the IRS, the organization must submit a copy of the IRS e-file signature authorization.

B. Dissolution of a charitable or civic organization. Upon a charitable or civic organization's dissolution, the organization shall submit a copy of its certificate of dissolution and a statement showing the distribution of its funds. Such statement shall be a copy of the IRS Form 990, Form 990-PF, or Form 990-EZ with all schedules, as required by the IRS, except Schedule B, and with all attachments, as filed with the IRS upon dissolution, or certified audited financial statements, or if annual income qualifies the organization to file Form 990-N with the IRS, a certified treasurer's report, showing the distribution of its funds. If the organization submits the IRS Form 990, 990-PF, or 990 EZ, the form must be signed or, if the form is filed electronically with the IRS, the organization must submit a copy of the IRS e-file signature authorization.

Historical Notes

Derived from VR115-06-01 § 5, eff. March 14, 1991; amended, Volume 18, Issue 21, eff. August 1, 2002; Volume 32, Issue 03, eff. November 5, 2015.

Statutory Authority

§ 57-66 of the Code of Virginia.