Nonprofit 990’s Workshop: November 30th, 9-12


Learn the why’s and how’s of good 990 reporting. A well crafted 990 shows your organization is efficient, transparent and worth supporting! As a tax-exempt organization it’s important to remember that a 990 filing to the IRS is not a tax return, but an information return.  IRS and many other organizations use it to ensure nonprofits are staying on “mission”.

The IRS requires tax-exempt organizations to file year-end fiscal documents detailing their expenses and revenue. These forms, known as Forms 990, are available in three different versions. All organizations, including the 501(c)3, (c)4 and (c)6 groups we surveyed, are required to file the documents, keep them on file and to disclose them to members of the public upon request.
But, some organizations are given options as to which form they can file. An explanation of the forms below:
Form 990-EZ — Organizations with gross receipts less than $200,000 and year-end total assets less than $500,000 can file a Form 990-EZ. This form is shorter and less complex than a full Form 990, comparable in some respects to the more simple personal income tax Form 1040-EZ. Like the 1040-EZ for individuals, Form 990-EZ for organizations is easier to complete and requires fewer itemized expense reports.
Form 990 — The more complex Form 990 is used by larger organizations and required for those with groups with gross receipts of $200,000 or more and total assets of $500,000 or more. Many smaller organizations, however, opt to complete the more complex Form 990, which includes a far more robust itemized accounting of expenses throughout the year.
Form 990-N — Very small organizations with gross receipts of $50,000 or less can submit Form 990-N, or the “e-Postcard). The document is simple and, though open to public inspection, lists limited information about the group, its mailing address, its principal officer, employer identification number and a general dollar amount under which the organization’s gross receipts fall. For example, each of the three organizations we surveyed who filed the Form 990-N each had gross receipts under $25,000. No other data regarding their expenses or revenue is available.
Workshop cost: $40
Location: Adam Herbert University Center at UNF
Register here or call 620-2476


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