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| Preface | |
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| Acknowledgments | |
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| About the Authors | |
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| Redesigned Form 990 | |
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| History of Redesign Project | |
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| Highlights of Revised Form 990 | |
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| Filing of New Form Delayed for Many | |
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| Find Out Why Organization Qualifies for Tax Exemption | |
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| Who Is Required to File What | |
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| Filing for New Organizations | |
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| Who Is Not Required to File | |
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| Filing Deadline and Fiscal Year | |
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| New Form 990-N (e-Postcard) | |
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| Electronic Filing of Returns | |
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| Group Returns and Annual Affidavit | |
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| Public Inspection of Forms 990 and 1023/1024 | |
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| Notes | |
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| 6/14/07 Draft of Core Form | |
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| BV Suggested Revisions | |
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| Form 990-EZ | |
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| Good Accounting Makes a Good 990 | |
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| Tax Accounting Methods | |
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| Professional Accounting Standards | |
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| Chart of Differences Between GAAP and IRS Rules | |
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| Notes | |
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| The Core | |
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| 2008 Form 990 Core | |
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| Part I Summary | |
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| Part II Signature Block | |
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| Part III Statement of Program Service Accomplishments | |
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| Part IV Checklist of Required Schedules | |
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| Part V Statements Regarding Other IRS Filings and Tax Compliance | |
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| Part VI Governance, Management, and Disclosure | |
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| Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors | |
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| Part VIII Statement of Revenue | |
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| Part IX Statement of Functional Expenses | |
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| Part X Balance Sheet | |
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| Part XI Financial Statements and Reporting | |
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| Notes | |
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| Transactions with Interested Parties Questionaire | |
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| Form 990, Schedules A through R | |
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| Schedule A | |
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| Schedule B | |
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| Schedule C | |
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| Schedule D | |
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| Schedule E | |
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| Schedule F | |
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| Schedule G | |
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| Schedule H | |
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| Schedule I | |
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| Schedule J | |
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| Schedule K | |
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| Schedule L | |
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| Schedule M | |
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| Schedule N | |
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| Schedule O | |
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| Schedule R | |
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| Notes | |
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| State Unified Registration Statement | |
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| Interested Party by Part and Type | |
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| Form 990-T: Exempt Organization Business Income Tax Return | |
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| What Is Unrelated Business Income? | |
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| Exceptions and Modifications from Tax | |
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| Unrelated Debt-Financed Income | |
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| Who Files Form 990-T? | |
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| Due Dates, Tax Rates, and Other Filing Issues | |
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| Normal Income Tax Rules Apply | |
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| The Unique Design of the 990-T | |
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| Categories of Deductions | |
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| Cost Allocations | |
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| In-Kind Donations | |
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| Notes | |
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| Analysis of Corporation versus Trust 990-T Issues | |
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| The Private Foundation Return | |
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| Successful Completion of Form 990-PF | |
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| The Part I Columns | |
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| Line-by-Line Instructions for Revenues | |
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| Line-by-Line Instructions for Expenditures | |
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| Part II: Balance Sheets | |
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| Part III: Analysis of Changes in Net Worth or Fund Balances | |
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| Part IV: Capital Gains and Losses for Tax on Investment Income | |
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| Reports Unique to Private Foundations | |
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| Part V: Reducing the Tax Rate | |
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| Part VI: Calculating the Excise Tax | |
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| Part VII-A: Proof of Ongoing Qualification for Exemption | |
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| Part VII-B: Questions Seeking Evidence That No Sanctions Apply | |
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| Part VIII: Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors | |
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| Part IX-A and B: Summary of Direct Charitable Activities and Program-Related Investments | |
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| Part X: Minimum Investment Return | |
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| Part XI: Distributable Amount | |
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| Part XII: Qualifying Distributions | |
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| Part XIII: Undistributed Income | |
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| Part XIV: Private Operating Foundations | |
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| Part XV: Supplementary Information (Lines 1-2) | |
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| Part XV: Grants and Contributions Paid During the Year or Approved for Future Payment (Line 3) | |
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| Part XVI-A: Analysis of Income-Producing Activity | |
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| Part XVII: Information Regarding Transfers to and Transactions and Relationships with Noncharitable Exempt Organizations | |
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| Notes | |
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| Index | |