Can I collect financial information from participants in Tennessee? What are the requirements?

Financial Information Collection Requirements for Annual Events in Tennessee

Nonprofit organizations seeking to operate an annual event for the benefit of that organization located in Tennessee must submit an annual event application to the secretary by January 31 each year for the annual event period beginning July 1 of that calendar year and ending June 30 of the subsequent calendar year ^[1.1].

The annual event application must include a submission of financial accounting ^[1.1]. However, the document does not specify whether financial information can be collected from participants.

Therefore, it is unclear whether collecting financial information from participants is allowed or not.

Source(s):

• [1.1] Annual events — Application — Organizational requirements and restrictions — Proceeds — Omnibus list of qualifying applicants — Submission of financial accounting.

Jurisdiction

Tennessee

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