MN SF4359

Requires nonprofit grant recipients to submit IRS Form 990 filings from the two years preceding the grant agreement execution as an eligibility requirement.

Prohibits nonprofit officers or employees from earning compensation exceeding the governor's annual salary in a 12-month period, including salary, bonuses, stock options, benefits, and retirement contributions.

Restricts nonprofit governing boards from including voting members who are state agency employees or elected officials at state, county, or local levels.

Organizations receiving over 25 percent of revenue from state funds or having revenue exceeding $750,000 must submit certified financial audits for the two most recent fiscal years and undergo background checks on officers and board members for fraud or financial crimes.

Establishes detailed grant application and reporting requirements, including goals, measurable outcomes, program results, and fund usage; mandates fiscal agents report annually to legislative committees on grant recipient performance until all funds are spent.