Everything in the nonprofit industry is driven by purpose. But all too frequently, process slows down purpose. Every day, grantmakers, donors, and nonprofit executives have big dreams, but they are soon crushed by the practicalities of regulatory reporting, compliance, and verification. Pactman NonprofitCheck API is a tool that works to fill this void.
- Grantmaking, fundraising, and nonprofit technology leaders know that mission outcomes are driven by operational excellence.
- Immutable digital records of verification data are stored via the Pactman Nonprofit Checkplus API.
The Impact of Slow Processes
Take a look at the standard grantmaking process:
A funder or grantmaking organisation wishes to give money to an organisation with a clear objective. However, it must first confirm that the organisation is authentic, in compliance, and current with state and federal laws. By and large, this entails negotiating fragmented databases, antiquated spreadsheets, and manual checks across numerous regulatory agencies, ranging from state charity registries to the IRS, among others. Essentially, this process takes a lot of time, is prone to mistakes, and is ultimately expensive.
Also, another challenge for nonprofits is that they must repeatedly demonstrate their compliance status frequently across several platforms to be funded. Not to mention, each of the processes has its own paperwork requirements.
The Pactman NonprofitCheck API Approach
In response to the various needs, Pactman NonprofitCheck API reframes compliance as a networked ecosystem where data is exchanged safely, precisely, and instantly. Four major benefits are unlocked by organisations that adapt Pactman into their grantmaking, fundraising, or auditing platforms:
1. Increased Fundraising and Grantmaking Speed
To begin with, the grant acceptance process is streamlined when donors have quick access to real-time compliance data, which allows them to confirm nonprofit status. Also, fundraisers can onboard certified partners more quickly, guaranteeing that donor contributions get to reliable organisations on time.
2. Easily Preserving Digital Audit Records
Audit season doesn’t have to be a last-minute rush. Immutable digital records of verification data are stored via the Pactman Nonprofit Checkplus API. With each check, status check, and update recorded, a defensible audit trail is created that is available when you need it most.
3. Regulatory Compliance Automated Across Agencies
The complexity of the standards for compliance is rising. Likewise, the Pactman NonprofitCheck API can assist with compilation from pertinent federal and state regulatory databases. This guarantees that organisations fulfill their duties to the IRS, state charity bureaus, and other government agencies in a single location.
4. Use Confidence to Scale With Over 200 Monthly Nonprofit Charity Checks
Lastly, nonprofit ecosystems are expanding and very dynamic. Whether you’re a platform that serves hundreds of organisations or a foundation that evaluates dozens of grantees, Pactman Checkplus API grows with you, allowing up to 200 nonprofit checks each month without incurring extra costs.
Conclusion
Digital philanthropy is the way of the future. It is now vital for grantmakers and fundraisers to swiftly and accurately authenticate organisations in a time of growing regulatory scrutiny, cybersecurity dangers, and donor expectations for openness. Grantmaking, fundraising, and nonprofit technology leaders know that mission outcomes are driven by operational excellence. Likewise, Pactman NonprofitCheck API operates at this nexus, using API technology to enhance rather than replace interpersonal interactions.
Register for your free Nonprofit Check Plus API Account today.