A Resource for Nonprofits. A Partner for Philanthropy.
Many nonprofit organizations are in danger of having their tax-exempt status revoked by the IRS if they do not file their 2009 tax year Form 990 by May 17, 2010. The Pension Protection Act of 2006 requires that all charities, except for churches and church-related groups, file an informational return with the IRS, effective for the 2007 tax year. A provision under this law allows the IRS to automatically revoke the tax-exempt status of any group that fails to file a return for three consecutive years. Don't let your organization be one of them!
First, know your filing requirements:
Next, know the deadlines:
Filing is simple! If you are required to file the 990-N, go to www.irs.gov/eo and click on Annual Electronic Filing Requirement for Small Exempt Organizations - Form 990-N (e-Postcard). You will need to know your organization's EIN to register for the filing system. Remember, no extensions are allowed for the 990-N, so be sure to file on time.
Not sure if your organization has filed in the past three years? The National Center for Charitable Statistics has a searchable database of organizations that are in danger of losing their tax-exempt status. Find them online at http://nccsdataweb.urban.org/PubApps/990search.php?epostcard=1&state=WA
This free set of sample policies and procedures addresses the governance areas that the Form 990 asks about.
These sample policies and procedures should be customized to meet the needs of your organization. Click on the image below to download the document as an Adobe PDF file.