Bill
A 5650
Summary of New York Assembly Bill A 5650 Purpose and IntentThis bill aims to modify the requirements and regulations for small not-for-profit corporations operating in the state of
This bill aims to modify the requirements and regulations for small not-for-profit corporations operating in the state of New York. The primary goal is to reduce administrative burdens and provide more flexibility for these organizations, which often have limited resources compared to larger non-profits.
The main changes proposed in this bill include:
Reduced Filing Requirements: Small not-for-profits with annual gross revenues under $500,000 would be exempt from certain reporting and filing mandates, such as detailed financial statements and audits.
Simpler Incorporation Process: The bill streamlines the process for small organizations to incorporate as a not-for-profit, removing some red tape and reducing associated fees.
Expanded Board Size Flexibility: Minimum board size requirements would be lowered from 3 to 2 directors for small not-for-profits. Maximum board sizes would also be increased to provide more flexibility.
Modernized Communication Methods: The bill allows small not-for-profits to utilize electronic communication and digital signatures to conduct business and notify members, rather than requiring physical mailings.
This legislation is targeted at small not-for-profit corporations in New York that meet certain criteria, such as having less than $500,000 in annual revenue. Larger non-profits would not be affected by these changes.
The bill was introduced in the New York State Assembly on May 8, 2025 and has been referred to the Governmental Operations committee for initial review. It has a companion bill, S 4574, that was introduced concurrently in the State Senate.
If passed by both legislative chambers and signed into law by the governor, the new requirements and exemptions for small not-for-profits would take effect 120 days after becoming law.
Compiled from official sources — confirm details with the bill’s official record.
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