Form 990: Best Practices for Accurate Preparation
This webcast covers the numerous reporting demands the 990 imposes, including how to respond to the Form’s demands for narrative answers.
NASBA Field of Study
In basic terms, Form 990 is the annual federal return that is required to be filed by all types of exempt organizations.
This webcast takes the participant through the basics of Form 990, and will cover the complete form and all the accompanying schedules.
Course content will go line by line through the Form 990 and offers explanations and tips for accurate completion.
Join this webcast to gain an understanding of the tax and practical elements essential to completion of the Form 990 which has a 12-page core form and 16 schedules.
- Primacy of the Form 990 as a "one size fits all" reporting mechanism
- Form 990 preparation sequencing and data gathering; and keys to getting Form 990 preparation right the first time
- Addressing presence of "related organizations"
- Identification of managers and measurements of their compensation
- 990 versus books-and-records financial statement detail
- Disclosures of governance inputs and Boards’ employ of policies
- Identify the filing requirements for Form 990, Form 990-EZ and Form 990-N.
- Determine best practices for completing the core form.
- Recognize risks in preparing Form 990 and identify certain reporting red flags.
- Prepare for the most common Schedules that typically apply to 990 filers:
- Identification of public charity status (Schedule A)
- Reporting on donors (Schedule B); financial statement line items (Schedule D)
- Reporting on fundraising events, gambling, and use of professional fundraisers (Schedule G)
- Grant-making (Schedule I)
- Capture of property ("noncash")
- Contributions (Schedule M)
Who Will Benefit
- Nonprofit managers
Group ordering for your team
The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact email@example.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.