Non-Profit


Looking for help to structure or organize your non-profit entity?

 

Directing a non-profit organization (NPO) requires knowledge of federal and state income tax compliance and filing requirements with certain state agencies.  As a fiduciary of a non-profit organization, you assume responsibility for the proper reporting and expending of public contributions, as well as complying with various state business law regulations.

 

If you are the Executive Director or a board member of a tax-exempt entity, the following are topics you should be aware to comply with IRS regulations:

  • Are board members considered employees for wage and withholding purposes
  • Can board members serve dual capacity as a board member and an employee
  • How are board members to be reimbursed for travel while conducting business for the tax-exempt entity
  • Which IRS mileage rate can a board member use
  • Under what circumstance should a 1099MISC be issued to a board member
  • What are the rules and tax consequences of "private inurement" transactions
  • What is the tax consequence of "self-dealing" transactions

 

We can assist you with your non-profit organization audit compliance requirements as well as your federal and state income tax inquiries, and in complying with governmental non-profit organization audit requirements required under the Single Audit Act.

 

Our clients include non-profit organization entities in multi-family housing projects, including section 202 and 811.

 

Annual Filings for California Nonprofit Organizations

 

Effective January 1, 2005, California has implemented the Nonprofit Integrity Act of 2004 (SB 1262) designed to tighten financial management and governance of charities and non-profit organization and prevent fundraising abuses by non-profit organizations. Visit the California Attorney General's publication "Guide to the Nonprofit Integrity Act of 2004."

1. California Attorney General

Form: Form RRF-1

Due Date: 4½ months after end of fiscal year

 

Registry of Charitable Trusts
PO Box 903447
Sacramento, CA 94203-4470

 

Information: (916) 445-2021
Web Site:ag.ca.gov/charities
Filing Fee: $0-300 (depending on revenues)

 

If gross receipts between $20,000 and $100,000, filing fee is $25;
between $100,001 and $250,000, filing fee is $50;

between $250,001 and $1 million, filing fee is $75;

between $1,000,001 and $50 million, filing fee is $150 - $300, depending on gross receipt level.

Charitable corporations organized and operated primarily as hospitals, schools, or religious organizations are exempt from filing.

 

2. Internal Revenue Service

 

Form: Annual Return Form 990

Due Date: 4½ months after end of fiscal year

 

Internal Revenue Service
Ogden, UT 84201-0027

 

Information: (800) 829-1040
Forms: (800) 829-3676
Web Site:http://www.irs.gov/charities
 

Filing Fee: $0

Public Charities:

If revenues under $50,000, file 990-N; If revenues between $50,001 and $199,999,
submit Form 990EZ; If revenues equal or greater than $200,000 or assets equal or greater than $500,000 submit Form 990.

 


Private Foundations:       Submit Form 990PF, regardless of revenues.

 

3. California Franchise Tax Board

Form: Form 199 (Exempt Organization Annual Information Return)

Due Date: 4 ½ months after end of fiscal year

 

Franchise Tax Board
PO Box 942857
Sacramento, CA 94257-0701

 

Phone: (916) 845-4171
Web Site: www.ftb.ca.gov
Filing Fee: $10 (exceptions apply)

 

Form: Form 109 (Exempt Organization Business Income Tax Return)

Due Date: 4½ months after end of fiscal year

 

4. California Attorney General

Form: Independently Audited Financial Statements

Due Date: 9 months after end of fiscal year

Web Site:ag.ca.gov/charities
Filing Fee: $0

Note:     Only charitable corporations with gross revenues of $2 million or more in a fiscal year are subject to this requirement.

 

5. California Secretary of State

Form: Form SI-100 (Statement of Information)

Due Date: Bi-annually before the end of the calendar month during which the original Articles of Incorporation were filed

 

Web Site: www.ss.ca.gov
Filing Fee: $20


Apodaca CPA is an accounting firm based in Monrovia, Los Angeles County, California. We offer tax services, tax consulting and tax preparation services, bookkeeping services, business auditing, business financial services, corporate tax return services, Income tax services, inventory analysis services, non-profit accounting services, payroll processing services, financial services including pension plan management services, projection and forecasts services, cash budgeting and cash management services, education credits, energy credits and vehicle tax credits information and management.
Apodaca CPA provides accounting services, payroll services, personal and business consulting, tax solutions to individual entrepreneurs and small to medium size businesses in the cities of Monrovia, Arcadia, Pasadena, Altadena, Sierra Madre, San Gabriel, Duarte, Industry, South Pasadena, San Marino, Azusa, Covina, West Covina, Irwindale, Glendora, San Dimas, La Verne, Claremont, Burbank, Glendale and Los Angeles.