2 CPE This course walks through the steps necessary to fill out and file the Internal Revenue Service (IRS) Form 990, Return of Organization Exempt from Income Tax. This is one of the most important documents a Not-for-Profit (NFP) organization is required to send to the IRS because it helps it maintain its tax exempt status with respect to contributions it receives.
Most organizations are required to file an informational return and make it available for public inspection. The Form 990 contains sections that explain how well the organization is utilizing its resources for its mission which allows the public and watchdog groups to scrutinize the entity’s activities.
This course goes over the basic steps an accountant who is completing the Form 990 informational forms must perform in order to do so accurately and completely. There is also be a discussion regarding how to avoid common mistakes when filling out the form 990.
Learning Objectives
- Recognize the purpose and objective of Internal Revenue Service (IRS) Form 990, Return of Organization Exempt from Income Tax
- Identify the different types of 990 Forms available for Not for Profit (NFP) organizations to submit
- Identify the core components of the Form 990 as well as the schedules that may be attached to an informational return
Last updated/reviewed: March 14, 2024
27 Reviews (122 ratings)
Reviews
Anonymous
()
Really appreciated the presenter. Had a good sense of humor, but still very professional and knowledgeable in sharing the course information. I don’t usually like video CPEs, but enjoyed this one and feel like I came away with a good refresher and learned some things as well.
Urceline Pemberton
( at Self)
Tax is not one of my favorite topics but this presenter made it so easy to follow and kept my attention. Definitely recommended for all accountants working with not for profit organizations.
Anonymous
()
This course was an interesting basic overview of the 990 NFP return. I enjoyed learning about the basic fundamentals of each part of the return and its schedules.
Anonymous
(Retired)
It would be helpful if the instructor were to make the document additions/corrections he mentions as missing/erroneous in his presentation.
Anonymous
(CPA)
Great explanation of every part of the 990, variations of the 990, and perspective on why the IRS requires a lot of this information.
Warren Parker
(Senior Accounting Spec at SEIU)
Course is both entertaining and informative. Sanders' example organization for his sample 990 is humorous and enjoyable.
Anonymous
(-)
The presenter is engaging and thorough. The case study was an effective and entertaining review of the subject.
Anonymous
(CFO/COO)
The hand out presentation could have included more information, rather than just screenshots of a 990 form.
Anonymous
(CPA)
Thanks for making me laugh. It was a good presentation, and I hope those hamsters get the help they need
Bette Shepherd
(CFO at D&S Green Services)
The case study is good - but it would be nice to have more of the schedules in the study.
Anonymous
()
Lots of useful information on individual schedules. The speaker was easy to listen to.
Jon Clegg
( at Becoming Athletic, LLC)
Great delivery and case study! Presenter was very pleasant, professional and effective.
Brian Meister
(SVP Corp Compliance & Accounting at ACDI/VOCA)
really nice overview of the 990 getting into the details of a lot of important issues
Anonymous
(Owner)
This course provides a basic overview of Form 990 primary and supporting schedules.
Anonymous
(Business Planning Analyst)
I found this to be an extremely informative course and highly recommended.
Danielle Carr
(Owner at Liberum, LLC)
An informative look at the various components of 990 preparation. Nicely done
Anonymous
(Senior Accountant)
Excellent presentation! Highly recommended to anyone preparing Form 990s.
Anonymous
(Staff Accountant)
The case study was an effective way to apply what was taught in the lesson.
Anonymous
(Principal)
instructor provided a good overview and refresher on completing the 990
Merry Joy Untal
(Client Service Executive at HWA Alliance of CPA Firms)
Great discussion for Form 990. Would love to share with my team mates,
Anonymous
()
Excellent course. Good information. Keep the good work. THank you !!!
MAUREEN WALSH
(Sr Acct at kd)
The course met requirements for continuing professional education
Abraham Minto
( at Abraham Minto LLC)
Adam' course on IRS Form 990 was well prepared and presented.
Anonymous
(Associate)
Nice course. This is a nice beginning look at IRS Form 990.
Anonymous
(Accountant)
Thanks for making this enjoyable. I appreciated this course
Anonymous
()
It's a good introduction. Very quick overview. Thank you.
Anonymous
(Controller)
good guide to schedules and info on each part of 990
Prerequisites
Knowledge Level: Intermediate
No advanced preparation or prerequisites are required for this course, but completion of the other courses in this series may be helpful.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Course Questions and Answers(2 Questions)
Adam SandersCPA & Consultant Specializing in Not-for-Profit & Small Businesses
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Can you explain the difference between fundraising income reported on Part VIII, line 1c and fundraising income reported on line 8a of Form 990?
In you hamster case example, the spreadsheet shows zero fundraising expenses per F/S, but $2000 in fundraising expenses to be reported on Schedule D. Then on the 990 there is zero direct fundraising expense on Part V111, line 8b and Part IX Statement of Functional Expenses on the 990 shows $3650 Fundraising expenses. Can you provide more information on how to report fundraising expenses for the different parts of the return?