Do you ever wish your nonprofit could click “google” to locate government grant opportunities? That wish may come true in California. Finding government grant opportunities is a frustrating process, especially for nonprofits that have limited resources. In part, this is because there is no centralized location that lists all state grants. Thus, a nonprofit seeking grants …
As of January 2011, certain California employment tax filings that were filed annually now must be filed quarterly. The filings include a new Quarterly Contribution Return and Report of Wages (DE9) in place of the Annual Reconciliation Statement (DE7). More information is available at the Employment Development Department website at https://bit.ly/lfnp211. Continue to use the …
Small California non-profits must now file an annual return with the Franchise Tax Board. Failure to file for three consecutive years will result in automatic revocation of state exemption. Until this year, California non-profits with gross receipts that normally did not exceed $25,000 had no filing requirement. As of January 1, 2011, all California nonprofits …
At long last, the Franchise Tax Board has posted its list of organizations that are exempt from California franchise (i.e., corporate) tax. The list has been posted at https://bit.ly/lfnp120j. The primary purpose of the new FTB list is to allow the public to verify an organization’s exempt status. It also provides an organization the ability …
Nonprofits are adding jobs at a higher rate than the economy as a whole according to a study by the Johns Hopkins University Center for Civil Society. As reported by Caroline Preston in the The Chronicle of Philanthropy (https://bit.ly/lfnp110j), in 21 states studied between 2007 and 2009, the number of jobs at nonprofits INCREASED on …
Silent Auction? Opportunity Drawing? Raffle? Casino Night? All of these are viable fundraising events for nonprofits and also considered to be gaming activities (i.e., gambling). In order for tax-exempt organizations to make sure they are compliant with the rules regarding such activities, the IRS has published a new guide at https://bit.ly/lfnp11. The publication addresses the …
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