2022 Ten Talents Foundation Annual Impact Report

2022 Ten Talents Foundation Annual Impact Report

TEN TALENTS FOUNDATION 2022 ANNUAL IMPACT REPORT

Thank you.

At the Ten Talents Foundation, we believe our time, talents, and treasures are gifts from God. We have the responsibility to manage our resources with wisdom, creativity, and generosity to build His kingdom. We strive to unify our faith community in the Central Valley under this mindset. Darkness trembles, hope grows, and cities change when businesses, families, ministries, and churches come together in His name!

We’ve seen it first-hand. Since our inception in July of 2020, over $1,000,000 has been thoughtfully distributed on behalf of our Giving Fund holders through the Ten Talents Foundation to organizations making a positive impact in our region and world! Our 14 Ministry Partners are receiving training and resources to become even more effective conduits of God’s love in our community.

In 2023, with your help, we can double our impact, increase our generosity, facilitate more complex gifts like crop giving and real estate, and add 10 new Ministry Partners!

Thank you for partnering with the Ten Talents Foundation. Whether you are a Founding Member, Giving Fund holder, Ministry Partner, Prayer Partner, or a neighbor, you are a vital part of this movement of generosity.

Can Your Organization Survive an IRS Audit? 

Can Your Organization Survive an IRS Audit? 

A California Nonprofit Compliance Checklist

CalNonprofits Compliance Checklist

The California Association of Nonprofits (CalNonprofits) is a statewide “chamber of commerce” for nonprofits that provides advocacy and resources. One such resource is the Nonprofit Compliance Checklist, which provides a comprehensive list of all state and federal forms charities are required to file. 

The Nonprofit Compliance Checklist provides direct links to the forms you need to complete and the websites where you can submit the forms, and breaks down reporting requirements by the size of your organization’s annual budget. The checklist also provides a list of forms that charities may be required to file under special circumstances, including forms that must be filed if your organization is planning to hold a raffle. 

Here’s a summary of CalNonprofits’ compliance checklist: 

Level of Gov’t Agency Form Name Form Purpose/Title Fee Due Nonprofits Churches
Federal IRS

Form 990, 

Form 990-EZ, or Form 990-N

Return of Organization Exempt from Income Tax N/A on or before the 15th day of the fifth month after the close of the org’s taxable year Required Optional
State of CA Attorney General’s Office

Form RRF-1 and/or

Form CT-TR-1

Annual Registration Renewal Fee Report $25-$1,200, depending on size of organization on or before the 15th day of the fifth month after the close of your org’s taxable year Required Required if registered with AGO
State of CA Franchise Tax Board Form FTB-199 or Form FTB-199N Exempt Organization Annual Information Return N/A on or before four months and 15 days after the close of the org’s calendar or fiscal year. Required Required under certain circumstances
State of CA Secretary of State Form SI-100 Statement of Information $20  Every two years during the calendar month that the Articles of Incorporation were filed Required Required

Unsure if you’ve missed any state filings?

If you’re unsure if your organization has missed any state of California filings, you can check your status by following this link to the State Registry of Charitable Trusts and searching by your organization name or EIN number.

Your status will show as “Current,” “Delinquent,” “Not Registered,” or “Suspended.” You will also be able to view your organization’s filings and correspondence history, which includes all past filed RRF-1 Forms, as well as your renewal/expiration date.

Churches and other religious exempt charities are included in the State Registry of Charitable Trusts database, but do not show any filings and correspondence history.