California Government Code 12586.1 – In addition to a registration fee, a charitable corporation or …
In addition to a registration fee, a charitable corporation or trustee, commercial fundraiser, fundraising counsel, coventurer, charitable fundraising platform, or platform charity may be assessed a late fee or an additional fee of twenty-five dollars ($25) for each month or part of the month after the date on which the registration statement and financial report were due to be filed or after the period of extension granted for the filing, if the charitable corporation or trustee, commercial fundraiser, fundraising counsel, coventurer, charitable fundraising platform, or platform charity does any of the following:
(a) Exists and operates in California without being registered.
Terms Used In California Government Code 12586.1
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Trustee: A person or institution holding and administering property in trust.
(b) Solicits contributions in California without being registered or, if applicable, bonded.
(c) Fails to file its first report no later than four months and 15 days following the close of each calendar or fiscal year and has not requested an extension of time to file the annual report.
(d) Fails to file its subsequent annual report no later than four months and 15 days following the close of each calendar or fiscal year subsequent to the filing of the first report and has not requested an extension of time to file the annual report.
(e) Fails to file its annual registration/renewal form within the time specified by the Attorney General irrespective of other report filing requirements.
(f) Fails to correct the deficiencies in its registration or annual report within 10 days of receipt of written notice of those deficiencies.
This section shall become operative on January 1, 2023.
(Repealed (in Sec. 3) and added by Stats. 2021, Ch. 616, Sec. 4. (AB 488) Effective January 1, 2022. Operative January 1, 2023, by its own provisions.)