Beginning January 1, 2011, Per California Revenue and Taxation Code Section 23772 " Smaller tax-exempt organizations with normal gross receipts of $25,000 or less, will be required to electronically file an annual informational notice with the Franchise Tax Board." This filing requirement does not include churches and church-related organizations.
Information needed
The organization must provide the following information to the Franchise Tax Board as follows;
- Legal name
- Any name under which the organization operates or does business
- Mailing address
- Website address, if the organization has one
- Taxpayer identification number (both Federal and State)
- Name and address of a principal officer
- Total gross receipts for the year
- Tax year begin and end dates
- Contact person name and phone number
- Whether or not the organization terminated or went out of business
Reporting due date
The due date is the same for state and federal purposes — by the 15th day of the 5th month after an organization’s tax year ends. Therefore, calendar year organizations must file by May 15.
Consequences of not filing
If the organization does not file on time, we will send a reminder notice but will not assess a penalty for late filing. Although there is no monetary penalty for failure to file the notice, any organization that fails to file for 3 consecutive years automatically loses its California tax-exempt status.
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