Get the free SCHEDULE O (Form 990 or 990-EZ)

This form is used to provide additional information required for specific questions on Form 990 or 990-EZ, along with explanations of the organization’s operations.

How to fill out schedule o form 990

How to fill out SCHEDULE O (Form 990 or 990-EZ)

1. Obtain a copy of SCHEDULE O (Form 990 or 990-EZ) from the IRS website.
2. Begin with the organization's name and Employer Identification Number (EIN) at the top of the form.
3. Review the purpose of SCHEDULE O and identify the sections that apply to your organization.
4. Provide detailed explanations for the lines that require additional information about the organization, such as its mission, programs, and governance.
5. Highlight any significant changes or events that have occurred since the last filed return.
6. Use plain language to ensure clarity for anyone reading the schedule.
7. Limit the response to the space given; if additional space is needed, attach extra sheets.
8. Sign and date the form as required before submission.

Who needs SCHEDULE O (Form 990 or 990-EZ)?

1. Organizations that are required to file Form 990 or 990-EZ must also complete SCHEDULE O.
2. Nonprofits that receive federal funding or contributions that exceed a certain threshold may also need to provide SCHEDULE O.
3. Entities that have significant changes in governance or operations during the reporting period should include this schedule to explain those changes.

People Also Ask about

Should I file Form 990 or 990-EZ?

Only those organizations with gross receipts of less than $200,000 and total assets of less than $500,000 at the end of the tax year can use Form 990-EZ. If the organization doesn't meet these requirements, it must file Form 990, unless excepted under General Instruction B, earlier.

How do I know which 990 to file?

The full-length 990 form is required for nonprofits who gross $200,000 or more in total receipts, or total assets of $500,000 or more. The 990-EZ and 990-N are for nonprofits who grossed less during the year (over $50,000 in total gross receipts and under $50,000 respectively). The 990-PF is for private foundations.

What schedules are required for 990-EZ?

Schedules for IRS Form 990 Schedule DesignationSchedule Title Schedule B Schedule of Contributors Schedule C Political Campaign and Lobbying Activities Schedule D Supplemental Financial Statements Schedule E Schools12 more rows

What is Schedule A Form 990 or 990-EZ?

Schedule A (Form 990) is used by an organization that files Form 990, Return of Organization Exempt From Income Tax, or Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, to provide the required information about public charity status and public support.

Do I file 990 or 990-EZ?

If an organization has gross receipts less than $200,000 and total assets at the end of the year less than $500,000, it can file Form 990-EZ, instead of Form 990.

Can you switch from 990 to 990-EZ?

Because of the great differences between Forms 990 and 990-EZ, TaxSlayer Pro cannot change one to the other. If you have created one and wish to or need to switch to the other, you will need to delete the return and restart it using the correct form.

What is a Schedule O on a 990-EZ?

Schedule O is used to provide the IRS with detailed information and explanations for certain responses given on Form 990 or 990-EZ in one place instead of in multiple separate attachments. Note: organizations may still have to attach separate attachments for Late returns, Amended returns, or Group returns.

For pdfFiller’s FAQs

What is SCHEDULE O (Form 990 or 990-EZ)?

SCHEDULE O is a supplemental schedule that accompanies Form 990 or 990-EZ, providing additional information about an organization's operations, practices, and policies to enhance transparency.

Who is required to file SCHEDULE O (Form 990 or 990-EZ)?

Organizations that are required to file Form 990 or 990-EZ must also file SCHEDULE O when they need to provide further explanations or details that are not fully captured on the main form.

How to fill out SCHEDULE O (Form 990 or 990-EZ)?

To fill out SCHEDULE O, organizations should follow the instructions specific to the form, providing clear and concise explanations related to their activities, governance, and financial practices that may require additional clarification.

What is the purpose of SCHEDULE O (Form 990 or 990-EZ)?

The purpose of SCHEDULE O is to provide transparency and clarity regarding an organization's operations, governance, and financial practices, ensuring that stakeholders have comprehensive information about the organization.

What information must be reported on SCHEDULE O (Form 990 or 990-EZ)?

SCHEDULE O must report information such as the organization's mission, significant changes during the year, governance structure, and detailed explanations of specific items on Form 990 or 990-EZ that require further elaboration.