Tag Archives | nonprofits

Partnerships between Co-ops and Nonprofits

Guest post by Luis Sierra of California Center for Cooperative Development Nonprofits that are exempt from federal tax under Internal Revenue Code Section 501(c)(3) must engage in activities that can be characterized as charitable, educational, or religious.  Nonprofits can give money to needy individuals or to other nonprofits, but not to other kinds of organizations.  […]

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New For Benefit Corp Legislation in California – State Bar Nonprofits Committee in Support, Nonprofit Groups Opposed

The Nonprofit & Unincorporated Organizations Committee (the “Committee”) of the Business Law Section of the State Bar of California stated in a recent letter that it supports the Corporate Flexibility Act of 2011 (SB 201) as long as it is amended to include reference to religious purposes among the special purposes permitted for flexible purpose corporations. The […]

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New tax filing requirements for small California nonprofits

In the past, California nonprofits with $25,000 or less in gross receipts did not have to file any California tax return. For tax years beginning on or after January 1, 2010, California tax-exempt organizations with gross receipts normally equal to or less than $25,000 (except churches) are now required to electronically file FTB 199N, California […]

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Second Chance for Non-Filing Nonprofits Ends October 15th

By Gabrielle Lessard, Esq. The deadline looms.  Small nonprofit organizations that failed to file the 990-N or 990-EZ for 2007, 2008 and 2009 will lose their tax-exempt status if they fail to file by October 15th.  (See earlier post IRS Announces One-Time Relief for Non-filing Organizations.) The IRS has made two types of relief available […]

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