Overview of Form 990 series of returns Resources

form 990 instructions

A reasonable amount of effort in information gathering that the organization is expected to undertake in order to provide information requested on Form 990. See the specific instructions for Part VI, lines 1b and 2; Part VII, Section A (compensation from related organizations); and Schedule L (Form 990), Parts III and IV, for examples of reasonable efforts. For purposes of Form 990, an employee of an organization (other than an officer, director, or trustee) who meets all three of the following tests applied in the following order. https://1investing.in/predetermined-overhead-rate-formula-applications/ An individual or organization that receives compensation for providing services to the organization but who isn’t treated as an employee. For purposes of Schedule A (Form 990), Public Charity Status and Public Support, a hospital (or cooperative hospital service organization) is an organization whose main purpose is to provide hospital or medical care. Coin-operated gambling devices include slot machines, electronic video slot or line games, video poker, video blackjack, video keno, video bingo, video pull tab games, etc.

The deadline for filing Form 990 or 990-EZ with the IRS differs from the time for filing reports with some states. State or local filing requirements can require the organization to attach to Form 990 or 990-EZ one or more of the following. Used to notify the IRS of a change in mailing address that occurs after the return is filed. The Patient-Centered Outcomes Research fee is imposed on issuers of specified health insurance policies (section 4375) and plan sponsors of applicable self-insured health plans (section 4376) for policy and plan years ending on or after October 1, 2012.

About Form 990, Return of Organization Exempt from Income Tax

Failing to choose the correct tax year could result in a rejection from the IRS, which will extend your filing process even further. These sources offer guidance on reading, understanding, and applying Form 990 data. Each resource includes information on what data is requested and collected by the IRS and where to find that data. There are also instructions for adding additional forms and responding to appended sections. See the Form 990 filing thresholds page to determine which forms an organization must file. Organizations that file Form 990 or Form 990-EZ use this schedule to provide information relating to going out of existence or disposing of more than 25 percent of their net assets through a contraction, sale, exchange, or other disposition.

Where a tax-exempt organization doesn’t require prepayment and a requester doesn’t enclose payment with a request, an organization must receive consent from a requester before providing copies for which the fee charged for copying and postage exceeds $20. To figure whether an organization has to file Form 990-EZ (or Form 990), apply the $50,000 (or $5,000) gross receipts test (below) using the following definition of gross receipts and information in Figuring Gross Receipts below. A person who has ultimate responsibility for implementing the decisions of the organization’s governing body or for supervising the management, administration, or operation of the organization (for example, the organization’s president, CEO, or executive director). A tax-exempt bond, the proceeds of which are used by a section 501(c)(3) organization to advance its charitable purpose.

Part III – Statement of Program Service Accomplishments

For tax years beginning after December 31, 2020, section 501(c)(21) trusts will use Form 990 instead of Form 990-BL to meet section 6033 reporting requirements. A section 501(c)(21) black lung trust, trustee, or disqualified person liable for section 4951 or 4952 excise taxes will use Form 6069 to report and pay sections 4951 and 4952 excise taxes. For tax years beginning before January 1, 2021, section 501(c)(21) black lung trusts that could not use Form 990-N, e-Postcard (see Who Must File, earlier), used Form 990-BL to meet the reporting requirements of section 6033. A section 501(c)(21) black lung trust, trustee, or disqualified person liable for section 4951 or 4952 excise taxes also used Form 990-BL to report and pay those taxes. A donor gives a charity $100 in consideration for a concert ticket valued at $40 (a quid pro quo contribution).

form 990 instructions

L is a greater-than-35% partner of a law firm that charged $60,000 during the organization’s tax year for legal services provided to K that were worth $600,000 at the law firm’s ordinary rates. However, the relationship between K and L isn’t a reportable business relationship because of the privileged relationship of attorney and client. The organization need not engage in more than a reasonable effort to obtain the necessary information to determine the number of independent voting members of its governing body and can rely on information provided by such members.


Public inspection and distribution of returns and reports for a political organization. The anti-abuse rule, found in section 501(c)(15)(C), explains how gross receipts (including premiums) from all members of a controlled group are aggregated in figuring the above tests. Gross income from an unrelated trade or business as defined in section 513.

  • Compensation includes fees and similar payments to independent contractors but not reimbursement of expenses unless incidental to providing the service.
  • The following is a list of special instructions for the form and schedules regarding the reporting of a disregarded entity of which the organization is the sole member.
  • Report paid-in capital surplus or land, building, or equipment funds on line 30.
  • To determine which persons are listed in Part VII, Section A, the organization must use the calendar year ending with or within the organization’s fiscal year for some (those whose compensation must exceed minimum thresholds in order to be reported) and the fiscal year for others.
  • The disqualified person is also liable for a 200% tax on the excess benefit if the excess benefit isn’t corrected by a certain date.

For special instructions about the treatment of disregarded entities and joint ventures for various parts of the form, see Appendix F. A 501(c)(3) tax-exempt organization must make its Florida State Tax Tables 2022 US iCalculator Form 990-T available for public inspection. Returns must be available for a three-year period beginning with the due date of the return, including any extension of time for filing.

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