For your nonprofit to legally fundraise in California, it must comply with state laws regulating charitable solicitation in California. Compliance entails knowing what forms apply to your organization, completing these forms accurately to avoid having to redo them, and filing these forms on time to avoid penalties. Your organization must stay up to date with state statutes and renew forms whenever they are due. This process can be quite complicated and time-consuming. We can make this process easy for you!
Form 199 is the California exempt organization's annual information return file by charitable organizations granted tax-exempt status by the Franchise Tax Board (FTB) and nonexempt charitable trusts.
What to file
Nonprofits with gross receipts greater than $50,000 and all Private Foundations regardless of gross receipts amounts are required to file Form 199. Organizations with gross receipts equal to or less than $50,000 may file Form 199N. Organizations eligible to file form 199N may choose to file a form 199 instead.
Filing Deadline & Extensions
Form 199 must be filed by the 15th day of the 5th month after the close of your tax year. The State of California does not require that exempt organizations file for extensions – they are automatically granted a 7 months extension.
Organizations not required to file form 199 include:
- Religious organizations and their auxiliaries.
- Political organizations.
- Pension trusts.
- Religious orders.
- Organizations formed and controlled by the state to carry out a function of the state.
- Coverdell Education Savings Accounts.
- Qualified state tuition programs.
- Subordinate organization included in the parent’s group return.