Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'Nonprofit Integrity Act of 2004'

Filing of Schedule B of Form 990 with the Attorney General

October 7th, 2010 · Comments Off on Filing of Schedule B of Form 990 with the Attorney General · California nonprofit law

The question is disclosure of donor names on Schedule B of Form 990.  The Treasury Regulation instructs that the names and addresses of contributors shall not be made available for public inspection. Treas. Reg. § 301.6104(b)-1(b)(1)  “The names and addresses of contributors to an organization other than a private foundation shall not be made available […]

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Changes to Corporations Code for Nonprofit Organizations

October 31st, 2009 · Comments Off on Changes to Corporations Code for Nonprofit Organizations · California nonprofit law

Governor Schwarzenegger signed AB 1233, which is based on an Affirmative Legislative Proposal of the Nonprofit Committee. The law makes a number of changes to the California Corporations Code as applied to nonprofit corporations and unincorporated associations. These changes concern the designation of certain persons as directors, the termination of individual approval rights for changes […]

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Audit Committees of Nonprofit Organizations

October 16th, 2009 · Comments Off on Audit Committees of Nonprofit Organizations · Charity, Governance

Charities with gross revenue of $2 million or more must now establish an audit committee. This only applies to charitable corporations that must register and file reports with the Attorney General, whenever such organizations accrue the $2 million of revenue in any fiscal year, with certain grants from government entities excluded from the revenue threshold. […]

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