Why annual Form 990 filing matters
Most tax-exempt organizations must file an annual Form 990-series return or notice. The return supports transparency and helps the IRS monitor whether the organization continues to operate for exempt purposes.
Which Form 990 may apply?
- Form 990-N: an electronic notice for many eligible small organizations.
- Form 990-EZ: a shorter annual return for eligible organizations that meet the applicable gross-receipts and asset tests.
- Form 990: the full annual information return.
- Form 990-PF: generally used by private foundations.
The correct filing depends on classification, financial activity and other facts. Some organizations are subject to different filing rules or exceptions.
Information commonly needed
- Revenue, contributions, expenses, assets and liabilities.
- Program accomplishments and major activities.
- Officer, director and key-employee information.
- Governance policies and related-party disclosures.
- Fundraising, grants and other supplemental schedules when applicable.
Do not ignore missed returns
Failure to file a required annual return or notice for three consecutive years generally causes automatic revocation of federal tax-exempt status. Address missed filings promptly and determine whether reinstatement is needed.
Need help with a current or overdue return?
Call with the organization’s tax year, exemption type and filing history.
Discuss your Form 990