A bill sponsored by Homer Representative Paul Seaton that would make it easier for small non-profits to participate in the “Pick.Click.Give” program passed the Alaska Legislature Monday.
House Bill 75 would change the existing law requiring a full financial audit by a certified public account, making it apply only to organizations that file a federal audit. These organizations exceed $500,000 or more in federal grant awards per year.
In a news release, Seaton said he was pleased with the bill’s passage. He said his office had heard from agencies statewide with budgets just over $250,000 that the cost of an audit – estimated upwards of $15,000 – was too large an obstacle to overcome.
Seaton aide Heather Beggs testified in favor of the bill earlier this month before the Senate Finance Committee. Beggs said the bar for non-profits to participate in “Pick.Click.Give” is already high enough, especially with the requirement of an IRS 990 form.
House Bill 75 also treats all University of Alaska campuses as equal to other organizations, requiring them to submit the same application fee that others do. In addition, seven percent of the payouts to organizations will now be set aside for future marketing and promotion of the “Pick.Click.Give” program. For the last six years, those costs have been paid by the Rasmuson Foundation.
The bill now awaits a signature from Governor Sean Parnell.