Form 990-EZ

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Form 990-EZ

A form that some non-profit organizations file with the IRS to report their income, expenses, and other financial information. A non-profit is eligible to file Form 990-EZ in lieu of Form 990 if it takes in less than $200,000 in gross receipts and has less than $500,000 in total assets.
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accounting principle) not reflected in category amounts (3) Unaudited compilation of data provided by member clubs plus audited financials of national office (4) Program expenses includes all revenues, expenses of National Council but only unrestricted revenue, expenses for local councils (5) FYE 2010 (6) Public support includes some government support that could not be broken out (7) Compilation of FYE 2011 Form 990 for headquarters and 22 affiliates plus 2010 990 of 29 affiliates (8) Draft financial statements (9) Compilation of data from 175 affiliates, fiscal years ranging 2008 to 2011 and includes some Form 990EZ (10) Compilation of data common from both 990 and 990EZ forms of 124 affiliates
requirements but not the Form 990EZ, filing the full Form 990 enables
information required on the Form 990EZ, which would allow it to be used
These organizations can choose to file Form 990EZ instead.
Other tax-exempt forms currently available for e-file include Form 990EZ, Short Form for Return of Organization Exempt From Income Tax; Form 1120POL, U.
6 million nonprofits file a Form 990 or Form 990EZ, according to NCCS, and another 13 percent are not required to file, such as churches and church-related organizations, black lung trusts and certain government organizations.
For example, organizations with gross receipts less than $100,000 and assets under $250,000 may file Form 990EZ; organizations with gross receipts under $25,000 are not required to file Form 990 or Form 990EZ.
A core form with schedules might make Form 990EZ unnecessary, according to the report.
The total number of nonprofit charitable organizations, including those not required to file Form 990 or Form 990EZ, was obtained from the Internal Revenue Service Exempt Organizations Business Master File (December 2000) and does not include private foundations filing Form 990-PF, Return of Private Foundation.
However, Form 990-EZ filers (Short Form Return of Organization Exempt From Income Tax) are expected to file 217,600 returns in 2009, up by over 46,000 from 171,342 Form 990EZs filed in 2008.