What type of activities must be reported by a nonprofit organization?
Nonprofit organizations in California are required to report certain activities to meet legal and tax obligations. Depending on the size and scope of the organization, the following activities must be reported in a timely manner: 1. Financial reports: Nonprofits must annually report their financial activities, including income and expenses, to the IRS and the state. This is typically done through a Form 990 or 990-EZ. 2. Fundraising activities: Nonprofits must report donations and other fundraising activities to the state through the Charitable Trust and Nonprofit Statement of Financial Information. 3. State and federal taxes: Nonprofits must pay taxes on income, and they must report the taxes to the appropriate agencies. 4. Annual reports: Nonprofits must file an annual report with the state that includes information on the organization’s purpose, finances, and activities. 5. Public disclosure: Nonprofits must make certain information available to the public, including their financial statements and annual reports. This information can be requested by the public or through a searchable online database. 6. Lobby activity reports: If the nonprofit engages in lobbying activities, they must report this information to the IRS on a Form 5768. In summary, nonprofit organizations in California must report financial activities, fundraising activities, taxes, annual reports, public disclosure, and lobbying activities in a timely manner in order to remain compliant with state and federal regulations.
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