The bill amends Chapter 22-6 of the General Laws by introducing a new section titled "Nonprofit funding transparency." It requires any nonprofit entity that receives grants or other funding exceeding fifty thousand dollars ($50,000) from the General Assembly, either directly or through the state budget, to provide information regarding employee compensation within ninety (90) days of receiving the funds. Specifically, the nonprofit must disclose the total benefit package for 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 must include a description of the position, the total salary or compensation paid, and all benefits provided, including but not limited to health insurance, retirement or pension contributions, and allowances for items such as automobiles, lodging, or communication devices. The names of the individual employees do not need to be disclosed. The act will take effect upon passage.

Statutes affected:
6235: 22-6-15