Treasurer Responsibilities and Financial Information
Treasurer's Responsibilities
The volunteer treasurer is responsible for chapter financial transactions and record keeping. Additionally, the chapter treasurer maintains all financial records and reports required by state and federal governments, including the annual filing of the IRS Form 990.
For annual tax periods beginning after 2006, the law requires tax-exempt organizations, other than churches, to file an annual Form 990, 990-EZ, or 990-PF with the IRS, or to submit a Form 990-N e-Postcard to the IRS. If an organization fails to file an annual return or notice as required for 3 consecutive years, it will automatically lose its tax-exempt status. The Treasurer is responsible for filing the 990 form with the Internal Revenue Service. Updated information is available under Supporting Documents and online.
The treasurer reports the financial status of the chapter to the chapter Board of Directors and the membership via the treasurer's report. Detail Dues Reports are available to the treasurer online at any time, under Chapter Reports and Rosters. This report gives specific details on the money that is direct deposited into the Chapter's account from National.
Chapter Checking Account
It is very important that there be at least two signatures on the chapter checking account. One of the treasurer and one of another board officer, normally the president. This allows for a check and balance for the chapter money.
If you have any questions, contact the AORN Chapter/State Council Relations Coordinator at 800-755-2676, Ext. 222.