In reviewing Form 990 tax information returns for nonprofit organizations, one of the most consistent areas of error seems to be reporting income from special events.  Very seldom do you feel that things are listed correctly.  And the benefit of accurately reporting a spectacularly successful event can be totally lost.  Ask the accountants why the return is not correctly filled out and you often get the answer that the client hasn’t given them the proper information.

Special event reporting is important because the Form 990 has special lines on the Part VIII Revenue Statement to report fundraising events.  (Similar lines exist on the Form 990-EZ for smaller organizations.)  Charities do not want their volunteers and donors to think that their efforts for the annual fundraising gala didn’t produce any benefit for the organization.  And yet, a poorly prepared return can do just that.  It is another reminder that the Form 990 is an important public relations document.

This is a 3 page pdf.

Add this product to your cart and checkout. The link to the pdf will be contained in your purchase receipt. If you do not receive a receipt, please check your spam folder.

ATTENTION PAID SUBSCRIBERS: If you want to access this RRP, log in, go to the Ready Reference Page tab on the site and download the page for FREE.

NOT A PAID SUBSCRIBER?  Want FREE access to this and more than 130 other plain-English Ready Reference Pages?  New subscribers can access our entire archive for three months for only $17.95.  Subscribe now.

Questions? Call or email info@nonprofitissues.com or 1-888-NP-Issue.