Regulation of Nonprofit Organizations

THE ATTORNEY GENERAL IS RESPONSIBLE FOR THE REGULATION OF NONPROFIT ORGANIZATIONS The California Attorney General is responsible for the regulation of nonprofit organizations for public policy reasons.  The Attorney General represents all the public beneficiaries of charity, who cannot sue in their own right.  Therefore, all charities must register with the Attorney General and the [...]

Regulation of Nonprofit Organizations2020-03-22T12:59:08-07:00

Nonprofit Public Benefit Corporation

WHAT ARE MEMBERS OF THE NONPROFIT PUBLIC BENEFIT CORPORATION? Membership for a Nonprofit Public Benefit Corporation is optional.  The reasons for providing membership in a nonprofit include: (1) Attract funds through membership, or (2) Establish support in the community.  However, many administrative burdens are associated with forming a membership organization and it is more common [...]

Nonprofit Public Benefit Corporation2020-03-20T22:42:39-07:00

How Does A Nonprofit Organization Maintain Tax Exempt Status?

TAX EXEMPT STATUS Annual financial reports must be submitted to the IRS and the California Franchise Tax Board to maintain a nonprofit organization's tax exempt status.  The board of directors should review the corporation’s annual IRS and State filings before submitted.  Often, the nonprofit will retain an independent accountant to conduct a review of the [...]

How Does A Nonprofit Organization Maintain Tax Exempt Status?2020-03-13T22:31:50-07:00

Can A Nonprofit Organization Be Taxed?

CAN A NONPROFIT ORGANIZATION BE TAXED ON UNRELATED BUSINESS INCOME? Nonprofit organization often retain an Attorney to provide an opinion on whether the corporation will be engaging in unrelated business activities that may be taxable.   To note, the activities of a nonprofit organization can still be considered charitable even though they generate profits. However, the [...]

Can A Nonprofit Organization Be Taxed?2020-03-13T22:11:14-07:00

How Does A Nonprofit Obtain Tax Exemption Status?

TAX EXEMPTION STATUS The major benefit of charitable nonprofit organizations is that they may qualify for exemption from Federal and State income tax.  In addition, corporate donors may deduct contributions to organizations that are exempt under section 501(c)(3) of the Internal Revenue Code from their personal Federal income tax.  A tax professional must be retained [...]

How Does A Nonprofit Obtain Tax Exemption Status?2020-03-13T21:55:47-07:00

Nonprofit Public Benefit Corporation

https://youtu.be/zg7u3Q_sj4U WHAT IS A NONPROFIT PUBLIC BENEFIT CORPORATION? A Nonprofit Public Benefit Corporation must be formed for public or charitable purposes and cannot be formed for private gain of any individual.  Public benefit purposes include organizations such as childcare centers, shelters for homeless people, community health care clinics, museums, hospitals, schools, performing arts groups, [...]

Nonprofit Public Benefit Corporation2020-03-09T12:49:40-07:00