Below is a direct link to the Non-Profit Revitalization Act of 2013 of New York , Bill 8A072-2013. It is quite lengthy. Interesting to note: Consolidation or mergers of 2 or more religious non-profit corporations is spelled out for specific denominations in sections 24-27 for Episcopal, Methodist, Presbyterian and Jewish churches.
http://open.nysenate.gov/legislation/bill/A8072-2013
Below is a snippet on reporting requirements:
1. Every charitable organization registered or required to be regis-
tered pursuant to section one hundred seventy-two of this article which
shall receive in any fiscal year gross revenue and support in excess of
[two hundred fifty] FIVE HUNDRED thousand dollars [and every charitable organization whose fund-raising functions are not carried on solely by persons who are unpaid for such services] shall file with the attorney
general an annual written financial report, on forms prescribed by the
attorney general, on or before the fifteenth day of the fifth calendar
month after the close of such fiscal year. The annual financial report
shall be accompanied by an annual financial statement which includes an
independent certified public accountant's audit report containing an
opinion that the financial statements are presented fairly in all mate-
rial respects and in conformity with generally accepted accounting prin-
ciples, including compliance with all pronouncements of the financial
accounting standards board and the American Institute of Certified
Public Accountants that establish accounting principles relevant to
not-for-profit organizations. Such financial report shall include a
statement of any changes in the information required to be contained in
the registration form filed on behalf of such organization. The finan-
cial report shall be signed by the president or other authorized officer
and the chief fiscal officer of the organization who shall certify under
penalties for perjury that the statements therein are true and correct
to the best of their knowledge, and shall be accompanied by an opinion
signed by an independent public accountant that the financial statement
and balance sheet therein present fairly the financial operations and
position of the organization.
On a side note, below is a link to what a non-profit organizational financial statement would comprise of.
Nonprofit Reporting
Business Financial Statement |
Equivalent Nonprofit Statement |
Income Statement |
Statement of Activities |
Balance Sheet |
Statement of Financial Position |
Cash Flow Statement |
Statement of Cash Flows |
http://www.investopedia.com/articles/basics/07/government_nonprofit_statements.asp