Form 990
Form 990: Resources for Tax-Exempt Organizations
Tax-exempt status allows civic, charitable, and religious organizations to devote their resources to their missions, but maintaining that status can be challenging. Many organizations do not have the expertise or time internally to manage reporting and tax requirements. In particular, the Redesigned Form 990 is more complex than ever before. That’s why Clark Nuber provides these useful resources at reasonable cost to our not-for-profit clients and colleagues in the accounting industry. For more information and assistance please contact Form990Info@clarknuber.com.
Board Questionnaire Template
The Redesigned Form 990 seeks more disclosures from tax-exempt organizations than ever before. Multiple areas of the Form require information on trustees/directors, officers and key employees (a group commonly referred to as "managers"). It also seeks information on those individuals’ family members and business holdings. The Form 990 Instructions specify that an annual questionnaire may be used as evidence of an organization's "reasonable effort" to collect this information.
Clark Nuber and Eve Borenstein have created a Board Questionnaire to help you meet the conditions the IRS has provided in the "reasonable efforts" examples in the Form 990 Instructions. This interactive Microsoft Office Excel workbook helps you determine who should receive the questionnaire and creates an individual questionnaire for each recipient which can be printed or distributed electronically. It also includes the components of a “reasonable effort” questionnaire for other individuals specified in the Form 990 Instructions such as grant selection committee members and substantial contributors.
Eve Borenstein is an exempt organizations tax attorney who practices nationally from Borenstein and McVeigh (“BAM”) Law Office and teaches on Form 990 mandates (to CPAs and nonprofits) from her teaching consultancy, Eve Rose Borenstein, LLC.
Click here for Board Questionnaire Demonstration
Form 990 Organizer
Our interactive tax organizer makes it easier for you to collect only the information you need to file Form 990. Arranged in the same sequence that a tax return should be prepared, it starts with a series of questions that determine which information is required. Additional features include:
- A Home Page that indicates which sections of the Core Form and Schedules that an organization must complete.
- A progress indicator on each page shows how much of the form has been completed.
- The roll forward feature automatically populates various sections of the organizer based on prior-year organizer*
- The option to request permanent file documents from your client such as their IRS; Determination Letter, Form 1023, Articles of Incorporation or By-Laws*
- The option to include the complete Income Statement and Balance Sheet similar to Parts VIII and Part X of the Form 990*
- The option to include a complete or partial Functional Expense similar to Part IX of the Form 990*
- A tax-return-to-financial-statement reconciliation worksheet on the Functional Expense page, if applicable
- A "Help Me Decide" button to help organizations determine an individual’s position and whether they should be listed on Form 990, Part VII
- A "reasonable effort" question helps determine whether the organization took the necessary steps to meet the requirements
- Added Explanation buttons throughout the organizer explain what type of information is required
Click here for snapshot of the 2009 Tax Organizer
Pricing
| Pricing (per workbook) | 2008 | 2009 |
|---|---|---|
| Board Questionnaires Template for reporting organizations WITHOUT related organizations (BASIC) | $200 each | $200 each |
| Board Questionnaires Template for reporting organizations WITH related organizations (RELATED) | $250 each | $250 each |
| 990 or 990-EZ Organizer | $100 each | $150 each |
*WA residents must add sales tax
Before ordering a board questionnaire, organizations must review Schedule R to determine if they have related organizations. Each Board Questionnaire Template will generate all the questionnaires needed for a single filing organization.
Not compatible with Office for Mac 2008. Clark Nuber only provides support for the use of these tools on Microsoft Windows.
* This feature only available for CPAs