An incorporated committee must provide an annual report to VFSC within three months of the anniversary of the incorporation of the committee. This means, for example, that a committee incorporated on 1 July 2015 must provide its annual report by 1 October 2016.
The annual report outlines the activities and other details of the charitable association over the previous 12 months. Further information about the annual report is found here.
The fee for submitting an annual report is VT 5,000.
If a committee does not provide its annual return within one month of the reporting timeframe then the Registrar may issue a notice requiring the committee to provide the report. If the committee continues to not provide the annual report, then it can be dissolved on orders of the Registrar after final notice is given.
The fine for failing to file an annual report is VT 5,000.