Wondering what information you will need to file an income tax return for your nonprofit? Here’s what you need to file Form 990.
Organizational Information
Legal Name and EIN – Exact name of the organization and Employer Identification Number.
Address and Contact Information – Principal address, phone number, and email.
Date of Incorporation and State of Incorporation – including articles of incorporation and bylaws.
Tax-Exempt Status Determination Letter – Copy of IRS determination letter confirming 501(c)(3) or other exempt status.
Fiscal Year End Date – Confirm the fiscal year for reporting. Typically aligns with the calendar year
Governing Documents – Bylaws, conflict-of-interest policy, and other relevant policies.
Financial Information
Statement of Revenue and Expenses – Detailed income and expense report for the fiscal year.
Balance Sheet – Assets, liabilities, and net assets at the beginning and end of the fiscal year.
Sources of Revenue – Breakdown of revenue from contributions, program service income, investment income, etc.
Expense Allocation – Classification of expenses into program services, management, and fundraising.
Program and Operational Information
Mission Statement and Program Descriptions – Overview of the organization’s mission and main programs.
Significant Activities – Details of major accomplishments and how they align with tax-exempt purposes.
Grants and Assistance Provided – List of grants given and support provided, if applicable.
Governance and Compliance
Board of Directors Information – Names, titles, compensation, and meeting minutes.
Key Employee Compensation – Salaries and benefits for officers, directors, and key employees.
Conflicts of Interest and Transactions – Any transactions between the organization and board members or key personnel.
Fundraising Activities – List of fundraising events and professional fundraiser contracts.
Additional Compliance and Reporting
Unrelated Business Income (UBI) Information – Any income generated from activities not directly related to the organizations mission or generated for profit should be explained in detail. If the amount of UBO is greater than $1000, Form 990-T must be completed.
Lobbying and Political Activities – If any lobbying was conducted, details of expenses and activities should be provided.
Foreign Activities – Grants, offices, or activities outside the U.S., including foreign bank accounts.
Tax Filings and Prior Returns – Any prior tax filings
We hope our comprehensive list detailing the organizational, financial, operational, and compliance information necessary to accurately complete IRS Form 990 was useful!
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