While nonprofit organizations are tax exempt they are still required to file with the IRS to show the public how they operate. Some nonprofits are required to file form 990, 990N or 99EZ depending on certain qualifications. These forms collect information about the organizations including:

  • The organization’s mission.
  • Programs the organization is supporting.
  • Specifics about their finances.

Gathering this information allows these nonprofits to be transparent with the public and helps prevent unethical practices within nonprofit organizations, like conflicts of interest between the organization and its trustees. Filing form 990N or 990EZ can take time, but with help from File 990, it can be fast and easy!

Who Needs to File A Form 990?

With a few exceptions, every tax-exempt organization under Sections 501(c), 527, or 4947(a)(1) of the U.S. tax code are required to file either form 990, 990N, or 990EZ.

Who Doesn’t Have To File Form 990?

While smaller nonprofits can file a simpler form 990N or 990EZ, any nonprofit with gross receipts over $50,000 will have to file form 990. Nevertheless, there are organizations who don’t have to file any forms at all. These organizations include:

  • Faith-based organizations like churches and temples that meet the criteria found in the Tax Guide for Churches & Religious Organizations.
  • Subsidiaries of other nonprofit organizations.
  • State institutions like universities.
  • Government organizations.

When Do Non-profits Need To File Their Form 990?

It is largely left up to the non-profit organization to determine its fiscal year. Knowing when to file your form 990 form is important and can change depending on your organization’s fiscal year. For any organization, the last day to file your 990N or 990EZ is the 15th day of the 5th month after your fiscal year ends. That being said, many organizations keep their fiscal years in line with calendar years for simplicity, which means that their fiscal year ends on December 31st. When this is the case the last day to file is May 15th.

File Your 990N or 990EZ Before It’s Too Late!

File 990 is a premier choice for non-profits to complete their tax returns and file online with the IRS. We offer a fast, secure platform that allows ease of use. Then, once you file your taxes with File 990, you never have to worry about keeping track of your tax time again because we’ll remind you! When you file your 990 forms on File 990, you’ll get an acceptance notification from the IRS within 24 hours. We look forward to partnering with you to ease your mind with completing your 990 form, so you can do what you do best: make an impact!