Who regulates nonprofits?

Nonprofits are regulated by a variety of entities. The IRS is paramount as it grants tax exempt status and also requires a 990 tax form be filed annually. The Secretary of State, depending on the state in which you are located, registers the corporation and may also require an additional registration of continued existence on a scheduled basis. Also, depending on the state, the Attorney General, and sometimes municipalities also, issues charitable registrations allowing the organization to accept donations.

Nonprofits are governed by a Board of Directors that is collectively responsible for stewarding that organization.