Attorney General Gary King unveiled a new electronic registration system for New Mexico charities and private foundations, along with a one time 90 day late fee amnesty allowance.
"Most charities and private foundations in the state must now electronically register and file annual financial reports with our office," says AG King. "Because the system is new and to encourage registration by charities, we are offering amnesty so that late fees can be avoided."
If the charity or foundation is a charity or 501(c)(3) and not a school or a church, it must be registered with the Office of the Attorney General through the new electronic registration system at https://secure.nmag.gov/coros/
Through May 12, 2010, if the organization has never registered with the AG's Office, is late in filing reports or just generally needs to get up to speed, the Office will waive all late fees. All affected organizations are urged save needed funds for charitable work and avoid late fees by registering within the next 90 days.
If organizations have recently sent in paper registration or annual report documents, they will be granted an automatic 30 day extension to electronically register or file reports.
AG King adds, "Remember, registering your charity is mandatory in New Mexico, now it's easier than ever."