Form 990: Mastering Its Unique Characteristics


Explore the tax information and inherent not-for-profit organization issues to be mastered in properly preparing the current Form 990. This course covers the numerous reporting demands the 990 imposes, including how to respond to the Form’s demands for narrative answers. Participants will gain an understanding of the tax and practical points essential to appropriate completion of the Form 990 and be guided on advising exempt clients on the Form’s complexities and diverse demands.

Learning Objectives

• Recognize and apply the following unique-to-Form 990 definitions: who is a “manager” required to be disclosed upon Part VII-A of the Core Form; required elements of manager’s compensation to be disclosed; and when third party entities are “related organizations” (necessary both for Part VII-A compensation reporting and for Schedule R). • Recognize the detail sought by the IRS in reporting on both program service accomplishments and changes in operations in Part III of the Core Form. • Appreciate the unique terminology employed in the Core Form’s key “Governance” Part (VI). • Appreciate 990 definitions and tax conventions employed in reporting on all aspects of financial statements (Parts VIII, IX, and X). • Recognize the importance of making accurate and expansive disclosures via Schedule O relating to six priority governance inquiries made in Part VI. • Prepare for the “most common” Schedules that typically apply to 990 filers: identification of public charity status (Schedule A); reporting on donors (Schedule B); financial statement line items and asset-sensitivities (Schedule D); reporting on fundraising events, gambling, and use of professional fundraisers (Schedule G); grant-making (Schedule I); and capture of property (“non-cash”) contributions (Schedule M). • Note the premises by which Schedule L is triggered.

Major Topics

• Primacy of the Form 990 as a “one size fits all” reporting mechanism • Form 990 preparation sequencing and data gathering; and keys to getting Form 990 preparation right the first time • Addressing presence of “related organizations” • Identification of managers and measurements of their compensation • 990 versus books-and-records financial statement detail • Disclosures of governance inputs and Boards’ employ of policies

Course Level
Professional Area of Focus
CPE Field of Study
Who Should Attend

CPAs, attorneys, and nonprofit managers



Advanced Preparation


Loyola Graduate Center
2034 Greenspring Dr
Lutherville-Timonium, MD 21093 US
View in Google Maps
Register Now
Oct 23, 2019
8:00 am - 3:30 pm EST
Loyola Graduate Center
2034 Greenspring Dr
Lutherville-Timonium, MD 21093 US
Total CPE Credits


$ (% off)


$ (% off)
Become A Member

Register for this Event

Form 990: Mastering Its Unique Characteristics

Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now