|SFI and FRII|
Swedish Collection Control
Nonprofit organizations apply to the Swedish Collection Control (SFI) for a 90-account, which is a type of bank account in Sweden that identifies the organization as a nonprofit in compliance with SFI standards.
To get a 90-account an organization must meet SFI accounting requirements. SFI reviews the entire organization and one key requirement is that at least 75% of its revenues go to support its mission. If an organization's fundraising and administration costs exceed 25% of the total amount of revenue for three years in a row, SFI withdraws the 90-account. More information about SFI and 90-accounts can be found on the SFI website.
FRII – the Fundraising Association
FRII is a fundraising association with approximately 115 of the large Swedish nonprofit organizations as members. FRII promotes ethical and professional fundraising and has developed an accounting standard and a quality code for nonprofit organizations. For more information, visit the FRII website.