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CC SR 20230307 04 - RPV Foundation Staff Report CITY COUNCIL MEETING DATE: 03/07/2023 AGENDA REPORT AGENDA HEADING: Regular Business AGENDA TITLE: Consideration and possible action to authorize proceeding with the necessary steps to form a City nonprofit foundation. RECOMMENDED COUNCIL ACTION: (1) Affirm that the City’s nonprofit foundation is to be a public benefit foundation; (2) Affirm that the City Council is to serve as the board of directors for the foundation; (3) Authorize Staff and the City Attorney to prepare and file the necessary organizing documents to form the nonprofit foundation; and (4) Select a name for the City’s future nonprofit foundation. FISCAL IMPACT: The fiscal impact for the development and implementation of the foundation is approximately $6,100 and is funded by various accounts in the current FY 2022-23 operating budget. No additional appropriation is needed. Amount Budgeted: N/A Additional Appropriation: N/A Account Number(s): Various Accounts ORIGINATED BY: Karina Bañales, Deputy City Manager REVIEWED BY: Same as above APPROVED BY: Ara Mihranian, AICP, City Manager ATTACHED SUPPORTING DOCUMENTS: A. December 20, 2022 Staff Report BACKGROUND: At the December 20, 2022 City Council meeting, Staff presented options for establish ing a donor program to stimulate philanthropic giving as a way to alleviate costs incurred by the City including, but not limited, to building new facilities (i.e. City Hall), improving roads, street median beautification, tree removal or tree planting requests, supporting recreation programs, and promoting citizen contributions and donations to enrich the quality of life in the City (Attachment A). 1 RANCHO PALOS VERDES The options presented to the City Council included: A. Forming a tax-exempt nonprofit foundation (Staff preferred option); B. Adopting a new City Council policy or expanding Policy No. 37, Naming of Public Facilities and Placing of Monuments and Other Memorials, to include donor guidelines; or C. Developing stand-alone donor guidelines After considering the three options, the City Council selected Option A, authorizing Staff to work with the City Attorney’s Office to form a nonprofit foundation, that meets the qualifications for tax-exempt status under Internal Revenue Code § 501(c)(3). Additionally, the City Council directed Staff to return at a later date with detailed information about forming a nonprofit, inclusive of a fiscal impact, for City Council consideration. This evening, Staff is presenting the City Council with the next steps to proceed with the nonprofit formation and requests direction on the following: • Affirm the type of nonprofit foundation; • Identifying the foundation’s incorporators; • Filing the necessary organizing documents to form the nonprofit foundation; and • Determining the name of the foundation. DISCUSSION: The following section discusses in detail each of the steps listed above and provides the corresponding recommended City Council actions. Affirm the Type of Nonprofit Foundation There are three general types of nonprofit foundations in California: public benefit, religious benefit, and mutual benefit. Public Benefit– Public benefit foundations are formed for a public or charitable purpose. Most public benefit corporations are organized for scientific, literary or educational purposes which benefit the public or charitable purposes which qualify for tax exempt status under Section 501(c)(3) of the IRS Code. Religious Benefit– Religious purpose organizations qualify as religious organizations as well as more formal religious groups. Mutual Benefit– Mutual benefit corporations are formed to benefit their members. These organizations typically include trade associations, automobile clubs and social groups. Based on the descriptions above and the City Council’s discussion at the December 20, 2022 meeting, Staff recommends the City Council affirm that the City foundation to be 2 formed should be designated a “public benefit” foundation since it will be formed for charitable and public purposes. Affirm the Foundation’s Incorporators The City Council needs to affirm who will be signing the foundation’s Articles of Incorporation. Based on the City Council’s discussion at the December 20, 2022 meeting, Staff recommends the City Council affirm its position to act as the corporation’s governing body, and that all five Councilmembers are intended to act as incorporators. Filing the Necessary Organizing Documents to Form the Nonprofit Foundation Having determined the intent of the foundation and identifying its incorporators, the City Council will next need to authorize Staff and the City Attorney to file the associated necessary paperwork. These governing documents will establish the entire City Council as the governing body, will require the governing body to comply with the California open meeting laws, and will establish the meetings of the governing body concurrently with meetings of the City Council. As discussed at the December 20, 2022 City Council meeting, the foundation will run similar to the Pepper Tree Foundation formed in the City of Rolling Hills Estates. These meetings run concurrently with their city council meetings. Determining the Name of the Foundation The foundation’s legal name must be registered with the Secretary of State and will be accepted if the name is not the same as or confusingly similar to an existing foundation’s name and the name is not misleading to the public. In that regard, Staff seeks City Council direction regarding the selection of a name of this new nonprofit corporation. Examples are provided below: • Rancho Palos Verdes Foundation • Rancho Palos Verdes Community Foundation • RPV Community Foundation • Friends of the City of Rancho Palos Verdes • Friends of RPV • RPV Together Foundation Once the name is selected, the City Attorney’s Office will ensure the name is available for use and is reserved for the City of Rancho Palos Verdes. ADDITIONAL INFORMATION: Foundation Operational Cost The foundation will not require additional funding for personnel as the oversight will fall under the City Manager’s Office by a current staff member. However, there are a few 3 costs associated with operating the foundation. This includes city attorney fees , operating costs, and staff time. Below is a cost analysis for creating and operating the City’s foundation. Description Operating Cost City Attorney Fees $5,000 Filing Processing Fee $30 Name of Nonprofit Filing Fee $50 Operating Costs $1,000 Total $6,080 The City Attorney fees include costs associated with ensuring the proper paperwork is completed and submitted to the California Secretary of State. Staff has verified with the City Attorney’s Office an estimated amount of $5,000 to complete this filing. It is important to note that Governor Newsom waived the processing fee for submissions filed between July 1, 2022 - June 30, 2023 (Senate Bill No. 154). To ensure the City remains eligible for this benefit, the filing must occur before June 30, 2023. If the filing occurs after the June 30, 2023, the cost to file is $30. The liaison for the foundation will be the Deputy City Manager. The operating costs o f $1,000 include associated supplies and potential training for staff and meetings. Staff hours committed to the foundation will be based on frequency of receiving donations to the City for distribution. Staff will post agendas, write staff reports and pre sent before the City Council before its regularly scheduled City Council meetings. The first year of operation is estimated to require approximately 80 hours of staff time. Staff will report back, if needed to the City Council for actual hours spent at the conclusion of the next fiscal year. Post-Filing Next Steps Once these governing documents have been prepared, there will be a few more steps that must be presented to City Council for authorization: • Review and approve draft by-laws, and a conflict-of-interest policy • Authorize Staff to obtain Federal 501(c)(3) tax-exempt status, by applying for recognition to the Internal Revenue Service (Form IRS 1023). This would be followed by obtaining California tax-exempt status, by applying for recognition form the State Franchise Tax Board (California Exempt Organization Annual Information Return Form 199 or 199N & 3500A). • Prepare and submit to the state its Initial Report within 90 days of incorporation (Form SI-100). • Before commencing the solicitation of donations to the foundation, the corporation will be required to register with the California Attorney General (Form CT-1; Government Code §§ 12580 et seq.). • Lastly, the foundation will need to obtain an employer identification number should there be any members of staff designated as “employees” of the corporation (Form IRS SS-4). 4 Staff will work with the City Attorney’s Office and present these items before the City Council at a future City Council meeting for review and execution. Once approved and executed by the City Council, the Articles of Incorporation must be filed Secretary of State (Form ARTS-PB-501(c)(3)). CONCLUSION: Staff recommends the City Council (1) Affirm that the nonprofit foundation is to be a public benefit foundation; (2) Affirm that the City Council is to serve as the foundation’s board; (3) Authorize Staff and the City Attorney to prepare and file the necessary organizing documents to form the nonprofit foundation; and (4) Select a name for the City’s future nonprofit foundation. ALTERNATIVES: In addition to the Staff recommendation, the following alternative actions are available for the City Council’s consideration: 1. Do not authorize Staff and the City Attorney to proceed with formation of a nonprofit foundation. 2. Further discuss the “opportunities and constraints” for forming a nonprofit foundation. 5