Instructions for Form 990-EZ 2023 Internal Revenue Service

However, if the group return includes separate schedules for each local or subordinate organization included in the group return, the local or subordinate organization receiving the request can omit any schedules relating only to other organizations included in the group return. A tax-exempt organization can charge a reasonable fee for providing copies. Before the organization provides the documents, it can require that the individual requesting copies of the documents pay the fee. If the organization has provided an individual making a request with notice of the fee, and the individual doesn’t pay the fee within 30 days, or if the individual pays the fee by check and the check doesn’t clear upon deposit, the organization can disregard the request. A regional or district office is any office of a tax-exempt organization, other than its principal office, that has paid employees, whether part time or full time, whose aggregate number of paid hours a week are normally at least 120. If a local chapter of a section 501(c)(8) fraternal organization collects insurance premiums for its parent lodge and merely sends those premiums to the parent without asserting any right to use the funds or otherwise deriving any benefit from them, the local chapter doesn’t include the premiums in its gross receipts.

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Fundraising activities relate to soliciting and receiving contributions.
A Form 990 prepared for that state is acceptable for IRS reporting purposes if the state reporting requirement doesn’t conflict with the Instructions for Form 990.
If you are filing a 2023 Form 990, you are required to file electronically.

Schedule O for Form 990

Unless otherwise provided, a member of the organization’s governing body at any time during the tax year, but only if the member has any voting rights. A member of an advisory board that how to read a 990 doesn’t exercise any governance authority over the organization isn’t considered a director or trustee. An organization controlled by a controlling organization under section 512(b)(13).

Educational Services

Other securities reportable on line 12 also include publicly traded stock for which the organization holds 5% or more of the outstanding shares of the same class, and publicly traded stock in a corporation that comprises more than 5% of the organization’s total assets. Enter the total funds that the organization has in cash, including amounts held as “petty cash” at its offices or other facilities, and amounts held in banks in non-interest-bearing accounts. Properly distinguishing between payments to affiliates and grants and allocations is especially important if the organization uses Form 990 for state reporting purposes.

An entity that is owned, directly or indirectly (for example, under constructive ownership rules of section 267(c)), by a given person, such as the organization’s current or former officers, directors, trustees, or key employees listed on Form 990, Part VII, Section 1, or the family members thereof (listed persons) as follows.
Section 501(c)(3) and 501(c)(4) organizations must complete columns (A) through (D).
The Uniform Guidance, 2 C.F.R. Part 200, Subpart F, requires states, local governments, and nonprofit organizations that spend $750,000 or more of federal awards in a year to obtain an annual audit.
Organizations that lose their exemption may need to file income tax returns and pay income tax, but may apply for reinstatement of exemption.
For purposes of Schedule F (Form 990), Statement of Activities Outside the United States, include grantmaking, fundraising, unrelated trade or business, program services, program-related investments, other investments, or maintaining offices, employees, or agents in particular regions outside the United States.

Know where the money goes: How to read a non-profit’s I-990 form

A nonexempt charitable trust described under section 4947(a)(1) (if it isn’t treated as a private foundation) is required to file Form 990 or 990-EZ, unless excepted under Section B, later. Section 4947(a)(1) trusts must complete all sections of the Form 990 and schedules that section 501(c)(3) organizations must complete. All references to a section 501(c)(3) organization in the Form 990, schedules, and instructions include a section 4947(a)(1) trust (for instance, such a trust must complete Schedule A (Form 990), Public Charity Status and Public Support, unless otherwise specified). If such a trust doesn’t have any taxable income under subtitle A of the Code, it can file Form 990 or 990-EZ to meet its section 6012 filing requirement and doesn’t have to file Form 1041, U.S. If a disqualified person makes a payment of less than the full correction amount, the 200% tax is imposed only on the unpaid portion of the correction amount. If more than one disqualified person received an excess benefit from an excess benefit transaction, all such disqualified persons are jointly and severally liable for the taxes.

A business day is any day that isn’t a Saturday, Sunday, or legal holiday. A Form 990 prepared for that state is acceptable for IRS reporting purposes if the state reporting requirement doesn’t conflict with the Instructions for Form 990. If an organization that submits Form 990-N changes its accounting period, it must report this change on Form 990, Form 990-EZ, or Form 1128, or by sending a letter to Internal Revenue Service, 1973 Rulon White Blvd., Ogden, UT 84201. If the organization has established a fiscal year accounting period, use the 2023 Form 990 to report on the organization’s fiscal year that began in 2023 and ended 12 months later. A fiscal year accounting period should normally coincide with the natural operating cycle of the organization.

Do not leave any applicable lines blank, unless expressly instructed to skip a line. If answering a line is predicated on a “Yes” answer to the preceding line, and if the organization’s answer to the preceding line was “No,” then leave the “If Yes” line blank. The organization’s records should be kept as long as they can be needed for the administration of any provision of the Internal Revenue Code. Usually, records that support an item of income, deduction, or credit must be kept a minimum of 3 years from the date the return is due or filed, whichever is later.