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AGA Chapter Financial Compliance

AGA Chapter Financial Compliance. Overview. New chapter procedures Open a chapter PO Box Open a chapter bank account ACH payments and you! Register with IRS for an EIN number (form SS-4) All AGA Chapters Update contact information with AGA National IRS compliance 501c3 status.

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AGA Chapter Financial Compliance

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  1. AGA Chapter Financial Compliance

  2. Overview • New chapter procedures • Open a chapter PO Box • Open a chapter bank account • ACH payments and you! • Register with IRS for an EIN number (form SS-4) • All AGA Chapters • Update contact information with AGA National • IRS compliance • 501c3 status

  3. New AGA Chapters • Open chapter PO Box • Open chapter bank account • List name on checks as “XYZ Chapter of the Association of Government Accountants” • Provide AGA National with ACH form and copy of canceled check

  4. All AGA Chapters • Ensure AGA National has a copy of your chapter’s ACH form and canceled check • Without ACH information, monies will not be disbursed to chapters • Chapter dues payments, monetary campaign awards, etc. • Update AGA National with any changes in chapter treasurer and/or contact information

  5. IRS Compliance • On a yearly basis: • All chapters with gross receipts under $50,000 file form 990-N (e-Postcard) • All chapters with gross receipts between $50,001 and $200,000 and assets less than $500,000 file form 990-EZ http://epostcard.form990.org

  6. AGA’s Finance Department • Cristina Barbudo - Director of Finance; cbarbudo@agacgfm.org • Pamella Shaw - Accounting Manager; pshaw@agacgfm.org

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