What type of activities must be reported by a nonprofit organization?
In California, nonprofit organizations are required to track and report specific activities. Generally speaking, nonprofits must report activities that involve fundraising and political activities. This includes any gifts or donations received from individuals, corporations, or other organizations that total more than $5,000 in the aggregate during a calendar year. Nonprofit organizations must also report any lobbying expenditures they make, as well as any activities related to ballot initiatives or other political activities. Any political advertisements that the nonprofit pays for must be reported, including signs and other promotional materials. Nonprofits must also report accurate records of any grants or contracts they receive throughout the year. This includes grants or contracts from the government, as well as any private entities or individuals. The records should include clear information about the terms and purpose of the grant or contract. Finally, nonprofits must keep accurate records of their wages, salaries, and other compensation they pay out to employees. This disclosure must include the names of all employees, the amount of their compensation, and the purpose of their employment. By keeping accurate records of these activities and reporting them accurately and on time, nonprofit organizations in California can ensure that they remain compliant with the relevant regulations.
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