HI SB1020

Extends reporting requirements, record keeping, and remedial provisions under Hawaii Revised Statutes Chapter 467B to commercial co-venturers (for-profit businesses engaged in cause-related marketing).

Allows penalties to be imposed on commercial co-venturers who fail to comply with reporting requirements.

Clarifies that charitable organizations receiving less than $25,000 in annual contributions are exempt from registration, based on the organization's average contributions for the immediately preceding three fiscal years.

Specifies a late filing fee of $20 per day (capped at $1,000) for professional solicitors and fundraising counsel who fail to timely renew registrations.

Clarifies that audited financial statements submitted by registered charities to the Attorney General are confidential information.