Once a year, California foundations need to file reports to both the State and federal government. Check the requirements of each agency for important information about requirements, forms, fees and attachments.
If the foundation has employees there are quarterly reporting requirements. If the foundation uses independent contractors there are state and federal filing requirements as well. Hiring of employees and contractors requires a state filing at the time of hire.
and every two years on the anniversary of the foundation's incorporation:
If the foundation has employees
And if the foundation distributed any other various type of income other than wages, salaries, and tips (e.g. payments to consultants)