N.J. Admin. Code § 15:27-2.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 15:27-2.6 - Requirements for designation as a "qualified organization"

(a) In applying for designation as a qualified organization, the following are required:

1. An organization must submit current proof of nonprofit corporate status from the State of New Jersey. An organization must also submit a copy of its two most recent annual reports or a summary of activities for the past two years describing major programs and services.

i. An organization must be incorporated and operating for at least four consecutive years prior to applying to be a "qualified organization."

2. An organization must submit proof of tax-exempt status from the Internal Revenue Service.

3. An organization must provide documentation of arts, history or humanities services or programs that provide a New Jersey public benefit.

4. An organization must submit a copy of its mission statement as part of the documentation.

5. An organization must supply other documents, such as event calendars, brochures, educational outreach materials, performance and exhibition calendars, in support of its mission and to verify services to the public as determined by the Cultural Trust.

6. An organization with an annual budget under $ 100,000 and no endowment or no endowment holding in excess of $ 100,000 must submit copies of their past two annual budgets as approved by the organization's board of directors and their tax returns for the past two fiscal years, if they are required to file such returns. Organizations with an annual budget in excess of $ 100,000, but under $ 500,000, must submit independent financial reviews for their past two completed fiscal years. Organizations with annual total gross income of $ 500,000 or more must provide certified audits for their past two completed fiscal years, or the same financial documentation as is required by the New Jersey Division of Consumer Affairs Charities Registration Section for annual reporting for the past two completed fiscal years.

(b) If a qualified organization does not apply to the Cultural Trust to certify a large gift donation, or does not receive a grant by virtue of appearing on a list of projects submitted by the Council, the Commission or the Historic Trust within three years of being notified of their approved status as a "qualified organization," the organization must reapply and meet all the requirements for "qualified organization."

(c) Private, State, county, or municipal colleges and universities are not eligible. State, county, or local governmental units, authorities or corporations created by such units and "qualifying governmental bodies" as defined in N.J.S.A. 52:16A-26.2 are not eligible.

N.J. Admin. Code § 15:27-2.6

Amended by 47 N.J.R. 497(a), effective 2/17/2015