(a) Every nonprofit corporation, organization, or other legal entity, receiving funding in excess of $100,000 annually from or through the City and County to provide direct services to the public (except local, State, or federal governmental entities) shall file with the City Administrator, or otherwise make publicly available in a manner authorized by the City Administrator, an annual economic statement that includes the following information:
(1) Name of the chief executive officer, employee, or other person possessing daily managerial responsibilities;
(2) Name of all officers and directors and the names of all other boards of directors on which they serve;
(3) Total expenditures during calendar or fiscal year, whichever is applicable; and budget for current calendar or fiscal year, whichever is applicable, setting forth the source of all monies received or budgeted and a program-by-program description of all monies expended or budgeted.
(4) A letter from the Internal Revenue Service establishing the current valid nonprofit status of the organization or its fiscal sponsor, if applicable;
(5) A public copy of the most recent federal tax return filed under Section 990;
(6) Verification of current valid registration with the State of California’s Registry of Charitable Trusts;
(7) For organizations required by federal, state, or City law to prepare audited financial statements, a copy of the most recent audited financial statement; and
(8) Such other information or documentation as the City Administrator from time to time determines would be necessary to evaluate and ensure that organizations are qualified to receive City funds.
(b) Information and documentation submitted under subsections (a)(1)-(8) may be redacted by the organization to ensure that personal private information is not disclosed in violation of applicable privacy-related laws.
(c) The Controller shall periodically review compliance with the requirements of this Section 10.1, and shall report any findings of non-compliance by an organization to the City Administrator, Mayor, and Board of Supervisors. The City shall not enter into any new contracts with non-compliant organizations, as determined by the Controller, absent a written finding of public interest and necessity issued jointly by the Controller and City Administrator.
(d) The City Administrator shall ensure that the information received under this Section 10.1 is made publicly accessible.
(e) The City Administrator, in consultation with the Controller, may adopt rules and regulations to implement this Section 10.1., including but not limited to, rules establishing a deadline for submission of the annual economic statement, the form of such submission, the manner in which reported information shall be made publicly accessible, and guidelines for the Controller’s review of compliance and notice of non-compliance. Final rules and regulations shall be published on the City Administrator’s website and sent to the Clerk of the Board of Supervisors and Mayor upon adoption.