2016 Accord Materials
October 29, 2015
Please note that all Canadian chapters have two important accord items due: the 2015 Form T2 (due June 30, 2016) and the 2016/2017 AFP Canadian Chapter Leadership (due July 5, 2016).
2015 Form T2 - Due June 30, 2016
Please submit your chapter’s 2015 Form T2 or T2 Short, Corporation Income Tax Return or 2015 Form T-1044, Non-Profit Information Return (In addition to T2 – only for those chapters with annual revenue from taxable dividends, interest, rentals, or royalties in excess of $10,000 OR total assets in excess of $200,000) to email@example.com.
2016/2017 AFP Canadian Chapter Leadership - Due July 5, 2016
In 2014 the Canada Not-For-Profit Corporations Act introduced a requirement that all Canadian chapters hold their Annual General Meeting (AGM) within six months of their fiscal year. The AGM must include three agenda items:
- Approval of the prior fiscal years financial statements (audited or otherwise).
- Approval of the auditor if applicable
- Approval of the Board of Directors slate
Because of this legal requirement to hold your AGM between January 1 – June 30th each year, AFP changed the term of office for your chapter boards to July 1 – June 30th. Please submit your 2016/2017 chapter leadership form online here: https://form.jotform.com/61253770561151
Rationale for Accord
In addition to reviewing the activities of all chapters and enabling AFP to assess the services we currently provide, the Accord process is vital to maintaining AFP's ability to offer all U.S. chapters 501(c)(3) status and provide Directors' and Officers' liability insurance and General liability insurance to all chapters. AFP Board of Directors will review all chapters not In Accord at the March, July and October board meetings. Chapters not In Accord by March will lose voting privileges; by July, the chapter's dues revenue will be suspended until the chapter is In Accord; by October, the Board may vote to revoke a chapter's charter.
If you wish to compete for the Ten Star Award, to be awarded at the 2016 International Conference, both the Dec. 15, 2014 and Jan. 15, 2015 deadlines must be met.
We thank you and your chapter board for your continued service to AFP and to the profession. If you have any questions or require any assistance, please contact Chapter.Accord@afpnet.org.