workonnet1
Junior Member
What is the name of your state (only U.S. law)? California
I founded a nonprofit in CA two years ago. We only have two board members including myself. We recently filed for Tax-exemption status in CA using FTB form 3500. The nonprofit has not been able to raise any funds for the last two years ($0) so I expected that the tax-exemption would be granted quickly.
However, the tax auditor sent a letter asking for more information about Board meeting minutes. I was confused as to why the auditor contacted me as the organization has no income and no financial transactions. We have conducted board meetings irregularly over the last 2 years.
Shouldn't the tax-exemption status been granted without request for more information?
Will the irregular board meetings be a concern? Is it not correct that there is no requirement on the how often the Board of directors must meet for a public-benefit nonprofit organization?
I founded a nonprofit in CA two years ago. We only have two board members including myself. We recently filed for Tax-exemption status in CA using FTB form 3500. The nonprofit has not been able to raise any funds for the last two years ($0) so I expected that the tax-exemption would be granted quickly.
However, the tax auditor sent a letter asking for more information about Board meeting minutes. I was confused as to why the auditor contacted me as the organization has no income and no financial transactions. We have conducted board meetings irregularly over the last 2 years.
Shouldn't the tax-exemption status been granted without request for more information?
Will the irregular board meetings be a concern? Is it not correct that there is no requirement on the how often the Board of directors must meet for a public-benefit nonprofit organization?