In the U.S., nonprofits that fall under Sections 501(c) or 501(d) of the Internal Revenue Code (charities and other tax-exempt organizations) must provide certain financial and other information to the general public on demand. To assure openness and accountability, as well as compliance with Federal law, it's important for nonprofits to organize this information so that it's readily available. Organization also saves valuable staff time and improves response times to the public.
We are grateful to Christine L. Manor, CPA, MBA, for making this information so readable.
Appendix D. Public Inspection of Returns, etc. of the instructions for Form 990 reads, in part:
Under Regulations sections 301.6104(d)-1 through 301.6104(d)-3, a tax-exempt organization must:
Application for tax exemption includes (except as described later):
“Application for tax exemption” does not include:
This section goes on for another 2 pages with details on the how's, when's, and whereas'es.
Form 1023 includes copies of:
To see the IRS Form 990/990-EZ Instruction Manual in Adobe Acrobat (PDF) format, please visit http://www.irs.gov/pub/irs-pdf/i990.pdf
Nonprofit board governance is indispensable to nonprofit success. From board recruitment and selection to roles, responsibilities, and regulatory requirements, we assist leaders to maximize their board's value and success, both as individual members and collectively.
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