This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Bylaws Of A Corporation For Nonprofit Organizations In Oakland
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State:
Multi-State
County:
Oakland
Control #:
US-00444
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Word;
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All California businesses, including tax-exempt organizations, must apply for a business license to legally operate within the state.
Charitable nonprofits that expend $750,000 or more in federal funds in a year are subject to special audit requirements. Some contracts with state and local governments to provide services in the community may require the nonprofit to conduct an independent audit.
Charities must include a trustees' annual report alongside their financial statements, providing insights into the organisation's activities, achievements, and governance arrangements. The trustees' annual report should also include a statement of public benefit and other required disclosures.
Although unusual there may be a requirement for an audit in your governing document, and the Charity Commission, or a funder may also require an audit report. If the above do not apply, you will require an independent examiner's report instead.
Stat. § 460/4 | Effective Jan. 1, 2024, a charitable organization with annual contributions more than $500,000 must file an audited financial statement prepared by an independent CPA. A charitable organization with contributions between $300,000 and $500,000 must file a financial statement with the Attorney General.
Although organizations don't need to file these bylaws with the state, California law requires that the treasurer or other designated member of the organization maintains a copy on file.
(b) Bylaws may be adopted, amended or repealed by approval of the members (Section 5034); provided, however, that such adoption, amendment or repeal also requires approval by the members of a class if such action would: (1) Materially and adversely affect the rights, privileges, preferences, restrictions or conditions ...
§ 460/4 | Effective Jan. 1, 2024, a charitable organization with annual contributions more than $500,000 must file an audited financial statement prepared by an independent CPA. A charitable organization with contributions between $300,000 and $500,000 must file a financial statement with the Attorney General.
A California nonprofit corporation must have: 1) either a chairperson of the board or a president or both; 2) a secretary; and 3) a treasurer or a chief financial officer or both.