Form 990 Schedule A

Schedule A of the Form 990 reports out the criteria by which your organization is considered publicly supported (Part I) and where your support and revenue come from (Parts II and III). The main purpose of the schedule is to show that a substantial portion of your...

Form 990 Statement of Functional Expenses

You’ll be familiar with the statement of functional expenses if you file audited financial statements or if you’ve been following the new financial statement guidance from FASB. The main purpose is to report your expenses in 3 pools – program services, management and...

Reporting Key and Highly Compensated Individuals on the Form 990

Whether you file the full Form 990 or the 990-EZ, you’ll report compensation information about 3 groups: Officers, directors, trustees, and key employees 5 highest compensated employees, if they were paid over $100,000 5 highest compensated independent contractors, if...

Form 990 Governance Questions

Part VI of the Form 990 asks a series of questions about your organization’s management and governance. The questions reflect best practices and, while they’re not required by the Internal Revenue Code (IRC), they are recommended. If you indicate that your...

Communicating with Stakeholders through Your Form 990

Most nonprofits are required to file an annual Form 990 with the IRS, which is often seen as a hassle, but you can also use it to your advantage if you see it as an opportunity to tell the public about your organization. A lot of the information it calls for is...