§ 22-6-16 — § 22-6-16. Nonprofit funding transparency.

§ 22-6-16. Nonprofit funding transparency.

(a) Any nonprofit entity that receives grants or other funding in excess of fifty thousand dollars ($50,000) from the general assembly directly or appropriated through the state budget for any fiscal year shall, within ninety (90) days of the receipt of the grant or appropriation, provide information relating to employee compensation within the nonprofit entity to the general assembly.

(b) The nonprofit entity shall disclose the total benefit package paid to the five (5) highest compensated employees with reportable compensation of at least one hundred thousand dollars ($100,000) from the organization during the previous fiscal year. This disclosure shall include a description of the position; the total salary or compensation paid along with all benefits provided, including but not limited to: health insurance, retirement, or pension contributions; and any other allowances for items such as automobiles, lodging, or communication devices. Provided, however, the name of the individual employee need not be disclosed.

Legislative History

P.L. 2025, ch. 41, § 1, effective June 13, 2025; P.L. 2025, ch. 42, § 1, effective June 13, 2025.