Schedules for the New IRS Form 990 for Nonprofits
The IRS estimates that most nonprofits will only need to file one to five of these schedules. However, most organizations will need to carefully review several of the schedules and pull together most of the information needed to complete them in order to determine whether or not they actually need to file them. For example, line 2 of the checklist asks ’Is the organization required to complete Schedule B, Schedule of Contributors?’ The only way to answer that is to prepare the information needed to file Schedule B and determine whether or not it exceeds filing thresholds. In addition, several questions ask about information reported in other, later sections of the Core Form and can not be answered until those sections have been completed.
- Schedule A: Public Charity Status and Public SupportTo provide information relevant to status as a public charity for 501(C)(3) and 4947(a)(1) organizations, including ongoing public support testing.
- Schedule B: Schedule of ContributorsTo provide more detailed information about contributions.
- Schedule C: Political Campaign and Lobbying ActivitiesFor organizations that conduct political campaigns or engage in lobbying activities.
- Schedule D: Supplemental Financial StatementsTo supplement certain balance sheet information, including endowments or donor advised funds, or to provide more detailed information about real estate and conservation easements held by land trusts or collections held by museums, etc.
- Schedule E: Schoolsprivate school questionnaire
- Schedule F: Statement of Activities Outside the United StatesFor organizations with activities outside the United States.
- Schedule G - Supplemental Information Regarding Fundraising or Gaming ActivitiesFor organizations which report more than a certain amount of professional fundraising expenses, or revenue from fundraising events or gaming activities.
- Schedule H: HospitalsFor organizations running hospitals
- Schedule I: Grants and other Assistance to Organizations, Governments and Individuals in the USTo report grants or other assistance provided by the organization to others within the US.
- Schedule J: Compensation InformationTo provide detailed compensation information for officers, trustees, directors, key employees and the highest compensated employees, and to describe compensation practices and policies. Compensation for the purposes of this form includes much more than wages.
- Schedule K: Supplemental Information for Tax Exempt BondsFor organizations with outstanding tax exempt bond liabilities.
- Schedule L: Transactions with Interested PartiesTo provide information regarding business transactions and relationships or excess benefits, loans, grants or other assistance involving interested parties.
- Schedule M: Non-Cash Contributionsfor reporting non-cash contributions such as vehicles, real estate, supplies, or stock (does not include in-kind services or volunteer hours).
- Schedule N: Liquidation, Termination, Dissolution or Significant Disposition of AssetsTo report major disposition of assets.
- Schedule O: Supplemental Information to Form 990For providing supplemental information to responses to questions in the core form or schedules, including descriptions of policies or explanations for significant changes in the financial information from the previous year.
- Schedule R: Related Organizations and Unrelated PartnershipsFor reporting relationships with other exempt or taxable organizations
Note that there is no Schedule P.
The old Schedule A was expanded and separated into more specific information now contained in Schedules A, C, E and R. Most organizations will be able to provide the basic information using the same methods as in previous years, but may need to change procedures or data tracking to provide the additional information needed.
Schedules C, G, I, L and N largely require information that in prior years was provided in unstructured attachments. Most organizations will be able to complete these schedules without major changes to their existing procedures, though how the information is organized will be different.
Schedules D, F, H, J, K, M, O and R largely ask for new information that was not reported in the past. Many organizations may not be able to provide this information without changing their methods of data collection/tracking, or creating policies and procedures that didn't exist before.
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