GuideStar would like to thank the more than 1,600 nonprofits that expressed their support for NASCONet, a proposed collaboration between GuideStar and the National Association of State Charity Officials (NASCO).
NASCONet will provide a common repository of information collected by state charity regulators and a one-stop on-line registration process for charities. GuideStar would like to see NASCONet become a reality for two reasons:
- NASCONet will streamline charities' registration and reporting experience.
Currently, it costs approximately $25,000 for a charity to register in each of the 40 states that require registration. Nonprofits also find themselves repeatedly copying and sending the same documents to satisfy different states' reporting requirements. NASCONet's one-stop registration and reporting features will enable charities to redirect their valuable resources away from paperwork and toward bona fide charitable activities.
- NASCONet addresses the nation's critical need for cost-effective charity oversight.
State regulators spend more than 50 percent of their budgets on systems to collect and manage nonprofit data. Regulators' ability to fight fraud and keep pace with the dramatic increase in charitable solicitation activity is hampered further by the fragmentation of information across these costly systems. In addition, following the terrorist attacks of September 11, 2001, it is a national priority to increase the effectiveness of charity oversight to prevent the diversion of charitable assets to terrorism. NASCONet will replace these disparate systems with a single on-line solution.
By streamlining charity registration and reporting and creating a centralized repository for nonprofit information, NASCONet will benefit both nonprofits and charity regulators. On April 23, GuideStar submitted a proposal to the Department of Commerce for a Technology Opportunities Program (TOP) grant to fund the development of NASCONet. Look to the GuideStar Newsletter for updates on the progress of this important project.
If you'd like to voice your support for this project or if you'd just like to share your views, please send us an e-mail.