New Year, New IRS Rules
With everything you had going on with your nonprofit during the back-to-back holiday seasons – not to mention other personal responsibilities – you might not have kept up with changes...
Governing Body, Policies, and Disclosure Sections of Form 990
Federal tax law typically does not mandate particular management structures, operational policies, or administrative practices. However, you are still required to report information regarding your organization’s governing body and management,...
Reporting Organization’s Program Service Accomplishments
Part III of IRS Form 990 and 990-EZ requires you to report your exempt organization’s program service accomplishments. A program service is typically the major ongoing objective or mission of...
Independent Audits for Financial Statements on Form 990
Within IRS Form 990, there is Part XII for financial statements and reporting. In this section, exempt organizations need to indicate whether their financial statements were compiled, reviewed, or audited by...
Start the New Year With a New Brand
A new year means new beginnings – and what better way to embrace the “new” than with a complete reboot of your nonprofit or charity? Updating your organization’s brand can...
Tips for Reporting Supplemental Financial Statements
Each time your organization answers “Yes” to a question on Form 990, Part IV, you’re required to complete the applicable schedule and provide explanations that are relevant to the question....
Requirements for a Properly Completed IRS 990 Form
Every tax-exempt organization required to file IRS Form 990 or Form 990-EZ must complete Parts I through XII along with a Schedule O and any other schedules applicable to your...
Reporting Unrelated Business Income
For some exempt organizations, generating sufficient funds sometimes requires going beyond traditional fundraisers and generous contributions. Tax-exempt groups are eligible to participate in trades and businesses with no correlation with...
Group Returns for Exempt Organizations
Exempt organizations that are considered a central or parent company can file a group return with IRS Form 990 for two or more secondary or local tax-exempt organizations. In some...