Required Filing Form 990 Series Internal Revenue Service

Form 990

Certain later parts of the form must first be completed in order to complete earlier parts. In general, first complete the core form, and then complete alphabetically Schedules A–N and Schedule R, except as provided below. Schedule O (Form 990), Supplemental Information to or 990-EZ, should be completed as the core form and schedules are completed. Subordinate organizations in a group exemption which are included in a group return filed by the central organization for the tax year shouldn’t file a separate Form 990, Form 990-EZ, or Form 990-N for the tax year. A controlling organization of one or more controlled entities, as described in section 512(b)(13), must file Form 990 and not Form 990-EZ if it is required to file an annual information return for the year and if there was any transfer of funds between the controlling organization and any controlled entity during the year.

  • Organizations that file Form 990 or Form 990-EZ use Schedule E to report information on private schools.
  • A tax-exempt bond, the proceeds of which are used by a section 501(c)(3) organization to advance its charitable purpose.
  • Answer “Yes” on line 14a if the organization maintained an office, or had employees or agents, or independent contractors outside the United States.
  • Indirect costs are costs that can’t be identified specifically with an activity or project.

The organization must report any contributions of conservation easements and other qualified conservation contributions consistently with how it reports revenue from such contributions in its books, records, and financial statements. A section 501(c)(3) organization that is an S corporation shareholder must treat all allocations of income from the S corporation as unrelated business income. Gain on the disposition of stock is also treated as unrelated business income. Form 1099-NEC and/or Form 1099-MISC may be required to be issued for payments to an independent contractor, with compensation reported in box 1 of Form 1099-NEC and/or box 6 of Form 1099-MISC. Enter the amount the organization paid, whether reported in box 1 of Form 1099-NEC, in box 6 of Form 1099-MISC, or paid under the parties’ agreement or applicable state law, for the calendar year ending with or within the organization’s tax year. Report the subtotals of compensation from duplicate Section A tables for filers that report more than 25 persons in the Section A, line 1a, table in line 1c, columns (D), (E), and (F).

Which Organizations Are Here?

Value noncash donated items, like cars and securities, as of the time of their receipt, even if they were sold immediately after they were received. The following are examples of governmental grants and other payments that are treated as contributions and reported on line 1e. Enter on line 1d amounts contributed to the organization by related organizations. Organizations that report more than $15,000 total on lines 1c and 8a must also answer “Yes” on Part IV, line 18, and complete Part II of Schedule G (Form 990). An “institutional trustee” is a trustee that isn’t an individual or natural person but an organization. Organizations must report compensation from themselves and from related organizations, which generally consist of parents, subsidiaries, brother/sister organizations, supporting organizations, supported organizations, sponsoring organizations of VEBAs, and contributing employers to VEBAs.

Form 990

Report gross amounts of contributions collected in the organization’s name by fundraisers. Check the “Former” box for the former five highest compensated employees only if all four conditions below apply. For each person listed in column (A), list below the dotted line an estimate of the average hours per week (if any) devoted to related organizations. W is a cardiologist and head of the cardiology department of the same hospital U, described above.

What to know about filing nonprofit tax returns

A supporting organization supervised or controlled in connection with one or more supported organizations is a Type II supporting organization. A Type II supporting organization is controlled or managed by the same persons that control or manage its supported organization(s). A supporting organization that is operated in connection with one or more supported organizations is a Type III supporting organization. A Type III supporting organization is further considered either functionally integrated with its supported organization(s) or not functionally integrated with its supported organization(s) (Type III other). Finally, a supporting organization can’t be controlled directly or indirectly by one or more disqualified persons (as defined in section 4946), other than foundation managers and other than one or more public charities described in section 509(a)(1) or (2). For purposes of Schedule F (Form 990), Statement of Activities Outside the United States, includes principal, regional, district, or branch offices, such offices maintained by agents, independent contractors, and persons situated at those offices paid wages for services performed.

Because of the limited number of performances, the membership privilege can’t be exercised frequently. Therefore, G’s acknowledgment must describe the free admission benefit and estimate its value in good faith. Certain goods or services disregarded for substantiation and disclosure purposes. To deduct a contribution of a cash, check, or other monetary gift (regardless of the amount), a donor must maintain a bank record or a written communication from the donee organization showing the donee’s name, date, and amount of the contribution. See section 170(f)(17) and Regulations section 1.170A-15 for more information. In the case of a text message contribution, the donor’s phone bill meets the section 170(f)(17) recordkeeping requirement of a reliable written record if it shows the name of the donee organization and the date and amount of contribution.

FAQs About the Exempt Organization Public Disclosure Requirements

A director or trustee that served at any time during the organization’s tax year is deemed a current director or trustee. Members of advisory boards that don’t exercise any governance authority over the organization aren’t considered directors or trustees. Answer “Yes” on line 15b if the process for determining compensation of one or more officers or key employees other than the top management official included all of the elements listed above.

  • But they must file either this 12-page form or a shorter version of it, in which they report information about their finances, leadership and activities.
  • Report revenue that the organization has received but not yet earned as of the balance sheet date under its method of accounting.
  • All section 501(c)(3) organizations that had a section 501(h) election in effect during the tax year must complete Schedule C (Form 990), Part II-A, whether or not they engaged in lobbying activities during the tax year.
  • For example, answer “No” if the organization, at the request of a donor, redacted the name and address of that donor from the copy of its Schedule B (Form 990), that it provided to its governing body members.

If the organization doesn’t follow ASC 958, check the box above line 29 and complete lines 29 through 33. Report paid-in capital surplus State of Oregon: Blue Book Oregon’s Economy: Revenue and Taxes or land, building, or equipment funds on line 30. Report retained earnings, endowment, accumulated income, or other funds on line 31.

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All organizations are required to complete Part VII, and when applicable, Schedule J (Form 990), for certain persons. Compensation must be reported for the calendar year ending with or within the organization’s tax year. In some cases, persons are reported in Part VII or Schedule J (Form 990) only if their reportable compensation (as explained below) and “other compensation” (as explained below) from the organization and related organizations (as explained in the Glossary and in the Instructions for Schedule R (Form 990)) exceeds certain thresholds. In some cases, compensation from an unrelated organization must be reported on Form 990. The amount of compensation reported on Form 990, Part VII, for a listed person may differ from the amount reported on Form 990, Part IX, line 5, for that person due to factors such as a different accounting period (calendar vs. fiscal year) or a different accounting method. For each family and business relationship, identify the persons and describe their relationship on Schedule O (Form 990).

Form 990

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