In fact, the 2015 instructions for Form 990 state, "Some members of the public rely on Form 990 or Form 990-EZ
as their primary or sole source of information about a particular organization.
Schedule O also may be necessary when certain organizations file Form 990-EZ
. The instructions for that form clearly state that "[a]t a minimum, the schedule must be used to answer Form 990, Part VI, lines 11b and 19." But if a tax-exempt organization isn't required to file Form 990 or Form 990-EZ
and instead files Form 990-N Electronic Filing System (e-Postcard), Schedule O can't be filed with this form and thus isn't needed.
The data include Form 990, Form 990-EZ
and Form 990-PF and related schedules, except for some donor information.
Many not-for-profits with gross receipts less than $200,000 and total assets less than $50,000 at year-end can file Form 990-EZ
, which requires roughly half the information reported in Form 990.
Nonprofits recertify their tax-exempt status each year using Form 990 or 990-EZ
. The data collected through these forms are published through the IRS Tax Exempt and Government Entities Division website.
Nonprofit charitable organizations exempt from income tax under Internal Revenue Code (IRC) section 501(c)(3) filed 279,405 Forms 990 and 990-EZ
and reported $3.3 trillion in assets for Tax Year 2012, increases of 2 percent (forms filed) and 6 percent(assets reported) from 2011.
The unauthorized access affected nonprofit users of IRS Forms 990, 990-EZ
, and 990-N (e-Postcard).
Organizations filing Form 990 are required to report a significant asset diversion on Part W, Section A, line 5, and provide details on Schedule 0, Supplemental Information to Form 990 or 990-EZ
, explaining the nature of the diversion, the amounts involved, and corrective actions taken.
There is no penalty assessment for late filing the e-postcard, but an organization that fails to file required e-postcards (or information realms: Forms 990 or 990-EZ
) for three consecutive years will automatically lose its tax-exempt status.
Versions of this form include 990-EZ
, 990-PF, 990-T, and 990-N (also commonly known as "the e-postcard," which can only be filed electronically).
Under the IRS program, organizations eligible for relief include small tax-exempts eligible to file Form 990-N or Form 990-EZ
for all three tax years between 2007 and 2009, and whose due date for their third-consecutive return is between May 17, 2010, and October 15, 2010.