Corporations, Not for Profit - As introduced, requires a nonprofit organization that receives state or federal grants to compile, maintain, and publish in a publicly available location the salaries of the nonprofit organization's employees. - Amends TCA Title 4; Title 10, Chapter 7; Title 35; Title 48 and Title 50.

SB 2261 requires nonprofit organizations in Tennessee that receive state or federal grants to publicly post all employee salaries on their website. This applies specifically to tax-exempt 501(c)(3) nonprofits operating in the state. The bill mandates that salary information be compiled, maintained, and updated every six months in a publicly accessible location. Nonprofits failing to comply could face lawsuits, with courts ordering corrective action and awarding legal costs to successful plaintiffs.