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.
(1) The statistics in this article are based on data compiled from Form 990, Return of Organization Exempt from Income Tax, and Form 990-EZ
, the short-form version of this information return.
In May, in the face of enormous noncompliance, IRS created a one-time extension to file the Form 990-N and created a voluntary compliance program for delinquent Form 990-EZ
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.
If the exempt organization qualifies and chooses to file Form 990-EZ
, Short Form Return of Organization Exempt from Income Tax, Schedule F does not need to be completed, even if there are foreign activities that meet Schedule F filing requirements.
. Private foundations must file Form 990-PF.
Organizations that fall below these thresholds may choose to file the Form 990-EZ
, which does not require many of the disclosures of the full Form 990.
Exceptions to this requirement include organizations that are included in a group return, private foundations required to file Form 990-PF, and section 509(a)(3) supporting organizations required to file Form 990 or Form 990-EZ