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Posts Tagged Nonprofit

Responsibilities of the Nonprofit Board of Directors

Every organization, including churches and other faith-based entities, are generally incorporated within their state of operation and have received special exemptions that allow them to operate without having to pay income tax on their annual earnings. Being recognized as a tax-exempt organization is a privilege however that comes with certain responsibilities. Consequently, a failure to […]

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Non-Profit Public Disclosure Requirements

Internal Revenue Code Section (IRC Sec.) 6104 has established the guidelines by which all tax-exempt organizations classified as “public charities” are required to make certain information available for inspection by the general public. Since all religious organizations, including churches, denominations, and associations of churches fall within this category this means your ministry is subject to […]

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Nonprofit Administrative Dissolution of Nonprofit Corporations Formed in California

Beginning January 1, 2017, the California Franchise Tax Board (FTB) will move forward to administratively dissolve certain nonprofit corporations deemed to be “inactive” by the State.* Who is affected? Qualified nonprofit corporations that are “suspended” or “forfeited” by the FTB for a period of 48 continuous months or more and are no longer in business. […]

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