On August 9th there will be a call hosted by the National Council of Nonprofit Associations to bring together statewide nonprofit agencies and their constituents with a representative from the IRS to discuss the new draft form 990.
NCNA has called for questions in advance that they can give to the IRS in advance so we can make the most of our time on the call. If you would like to pose a question about the form please email it to astrand @ CAnonprofits.org by 1:30 pm on Friday August 3rd. Sorry this is such a tight turn around but NCNA wants some time to organize the questions before submitting them.
If you are going to be on the call or not, please do feel free to pose your questions. The conversation will be recorded and I will post questions raised and answers given.
Here is a question posed by some of us working on advisory committees: Should the threshold for filing the 990 be raised? Currently you need to file if you have $25,000.00 in gross receipts. You can file a simplified 990EZ if gross receipts during the year are less than $100,000 and its total assets at the end of the year are less than $250,000. Proposals include:
- Eliminate the 990EZ (there is no proposal to change this form by the way, just the 990), raise the filing level to $50,000.00 and have organizations that don’t hit that mark file the new 990N
- $50,000 or less - new 990N, $50,000-$100,000 – Form 990EZ, $100,000 and over – New Form 990
- Keeping things as they are
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