Code § 5510. 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.
Are bylaws filed with the state of California? No. Your corporate bylaws are internal documents, which means they should be kept on file with your business records.
§ 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.
California mandates that all nonprofit organizations and corporations establish bylaws as a fundamental part of their formation process.
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.
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.
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.
All California businesses, including tax-exempt organizations, must apply for a business license to legally operate within the state.