Get the free Schedule B (Form 990, 990-EZ, or 990-PF)

This form is used to report contributions received by a non-profit organization, specifically for IRS Form 990, 990-EZ, or 990-PF, which includes details of contributors and types of contributions.

How to fill out schedule b form 990

How to fill out Schedule B (Form 990, 990-EZ, or 990-PF)

1. Begin with the organization's name and EIN at the top of Schedule B.
2. Indicate the tax year for which you are submitting the form.
3. List all substantial contributors, defined as individuals or organizations that contributed $100,000 or more during the year or that constitute more than 2% of gross receipts.
4. For each contributor, provide their name, address, contribution amount, and any related details as required.
5. Include any relevant notes or information about the contributions that are necessary for comprehension.
6. If the organization received contributions from a group of individuals or organizations that collectively exceed the reporting threshold, summarize those contributions.
7. Ensure that all details are accurate, as inaccuracies could lead to compliance issues.
8. Review the completed Schedule B before submitting it with Form 990, 990-EZ, or 990-PF.

Who needs Schedule B (Form 990, 990-EZ, or 990-PF)?

1. Organizations that are required to file Form 990, 990-EZ, or 990-PF must include Schedule B if they received contributions above the specified thresholds.
2. Nonprofit organizations that have substantial contributors must fill out Schedule B to disclose detailed information about those contributions.
3. Certain private foundations and public charities must report donations from specific sources in order to comply with IRS regulations.

People Also Ask about

What is a Schedule B on a 990-EZ?

Schedule B, Schedule of Contributors is a supplementary schedule filed annually by tax-exempt organizations (Form 990/990-EZ) and private foundations (Form 990-PF) for reporting significant contributions received by the organization during the tax year.

What is the difference between 990-EZ and 990-PF?

Tax-exempt organizations must file a tax return called a Form 990 with the IRS each year to comply with federal regulations. There are several versions of Form 990: public charities file a Form 990, 990-EZ, or 990-N; private foundations file Form 990-PF (PF stands for Private Foundation).

Who must file Form 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.

What is the difference between a private foundation and a public charity?

Private foundations provide more control for those operating the organization than do public charities. They can make investment decisions, determine the organization's mission, decide what causes to support, and appoint members to the board. Private foundations also enjoy more flexibility in pursuing their missions.

Who needs to file Form 990-PF?

Organizations that are classified as private foundations are required to file a Form 990-PF. The Form 990-PF serves two essential purposes. First, it provides information that helps government agencies (the IRS and state charity regulators) enforce the laws that govern nonprofits.

What type of 990 should I file?

Nonprofits with annual revenue of less than $200,000 and assets valued at less than $500,000 may file the Form 990-EZ, or may elect to file the Form 990. Nonprofits with annual revenue of $500,000 or more must file the Form 990.

What is the difference between Form 990 and form 990pf?

The primary difference between Form 990 and Form 990-PF is that Form 990 is required for tax-exempt organizations in general (such as public charities) while Form 990-PF is required specifically for private foundations.

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.

What is Form 990-PF used for?

What is the 990-PF? The 990-PF is the information return U.S. private foundations file with the Internal Revenue Service. This public document provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list.

What is Form 990-PF used for?

What is the 990-PF? The 990-PF is the information return U.S. private foundations file with the Internal Revenue Service. This public document provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list.

For pdfFiller’s FAQs

What is Schedule B (Form 990, 990-EZ, or 990-PF)?

Schedule B is an attachment to Forms 990, 990-EZ, and 990-PF where tax-exempt organizations report their significant donors, including the contributions received during the year.

Who is required to file Schedule B (Form 990, 990-EZ, or 990-PF)?

Organizations that are required to file Form 990, Form 990-EZ, or Form 990-PF and that receive contributions of $5,000 or more from a single donor are required to file Schedule B.

How to fill out Schedule B (Form 990, 990-EZ, or 990-PF)?

To fill out Schedule B, organizations must provide information such as the names and addresses of donors who contributed $5,000 or more, the amounts of donations, and any related notes that describe the nature of the contributions.

What is the purpose of Schedule B (Form 990, 990-EZ, or 990-PF)?

The purpose of Schedule B is to provide transparency regarding the sources of an organization's funding and to help the IRS and the public assess the organization's financial health and reliance on specific donors.

What information must be reported on Schedule B (Form 990, 990-EZ, or 990-PF)?

Schedule B must report the donor's name, address, contribution amount, types of support (e.g., cash, in-kind), and any restrictions on the contributions, along with the total amount of contributions received during the year.