Another in a series of articles related to association management selected from our reading list by:
Robert O. Patterson, JD
CEO/ Principal
The Center for Association Resources, Inc.
From Nonprofits Assistance Fund:
When nonprofit organizations complete the IRS 990, the standard federal reporting requirement for nonprofit organizations, most probably aren’t thinking about how they will use the form. The 990 is essentially a compliance document, explaining to the IRS the mission, governance, year. The IRS uses the form to not only program activities and financial situation of an organization for the prior make sure the organization still exists, but also to check to see that the organization is meeting the rules for charities, and basically doing the things that it said it would do. Many organizations view the annual filing of the 990 as an administrative task to check off the list every year.
The IRS isn’t the only organization that wants to see 990s. Funders are interested in them too. Read more
