Form 990 Resources
About
changes to the Form 990 - Watch the Videos
-
Additional resources on the Form 990
About
the changes to the Form 990
The IRS has completely overhauled the Form 990 effective for years
begun after December 31, 2007. The new 990 goes well beyond the
Form’s previous and narrow focus on organizational finances.
Now, more than 75% of the form asks for non-financial information,
and it is essential that filers (and their advisers) understand
the multiple aspects of the new Form. All nonprofit organizations,
regardless of size, should begin planning to accommodate the many
operational changes the new Form either demands or encourages.
You can learn
a lot about the changes to the form by watching MCN's online video
training. These videos were taken from 990s Do Matter, a training
designed and conducted Eve Rose Borenstein for the Minnesota Council
of Nonprofits, with the support of the Otto Bremer Foundation, in
January 2009. Each video section is roughly 10 minutes or less to
allow you to learn at your own pace. See the
Form 990 Videos.
Additional
Resources on the Form 990
Charities
Review Council - New IRS Form 990 Resources
This
page features fact sheets and sample conflict of interest, document
retention and whistleblower policies.
990
Checklist from Strand and Associates Blog
This blog post from a California-based, nonprofit accounting firm,
features lists of required policies, required practices and proceedures,
and to-dos.
|