IRS Form 990 Basics, Part 1: What Every Booster Club Needs to Know
Supporting files
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PBUSA Form 990 Basics Part 1 - Resources and Links.pdf
All nonprofits that raise any amount of money must file an IRS Form 990 tax return. Because you're tax-exempt, you're not paying any tax on the money you raise but the IRS still wants to know what you are doing. You let them know by filing a 990 tax return. And if you don't file for 3 consecutive years, they will automatically revoke your tax-exempt status. No questions asked. Don't let this happen to you! Tune in to this webinar to find out exactly what you need to do to stay on the good side of the IRS. Nonprofit attorneys and subject matter experts, Sandra Pfau Englund and Drew Englund will go over the "who, what, when, and how" of the 990. This webinar is Part 1 of 2 and will focus on general concepts and the 990N; Part 2 will go into the weeds about the more complex 990EZ and 990 full returns.