Schedule J (990 Form)

What is Schedule J (990 Form)?

Schedule J (990 Form) is a supplementary form for tax-exempt organizations required by the Internal Revenue Service (IRS) in the United States. It helps organizations report compensation information for certain key employees, highly-compensated employees, and directors.

What are the types of Schedule J (990 Form)?

There are two types of Schedule J (990 Form). The first type is used by organizations to report compensation information about top management officials, highly-compensated employees, and independent contractors. The second type is used to provide additional information about employee benefit plans offered by the organization, such as pension plans, health plans, and other welfare benefit plans.

Type Reporting compensation of top management officials, highly-compensated employees, and independent contractors.
Type Reporting employee benefit plans information.

How to complete Schedule J (990 Form)

Completing Schedule J (990 Form) requires careful attention to detail. Here is a step-by-step guide to help you:

01
Gather the necessary information regarding compensation and benefit plans.
02
Fill in the required fields accurately and completely.
03
Ensure you provide all the requested details about top management officials, highly-compensated employees, and independent contractors.
04
Double-check all the information for accuracy and completeness before submitting the form.

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Questions & answers

Purpose of Schedule. An organization should use Schedule O (Form 990), rather than separate attachments, to provide the IRS with narrative information required for responses to specific questions on Form 990 or 990-EZ, and to explain the organization's operations or responses to various questions.
Schedule M (Form 990) is used by an organization that files Form 990 to report the types of noncash contributions received during the year by the organization and certain information regarding such contributions.
Form 990-EZ is the IRS form required for midsized tax-exempt organizations with annual gross receipts between $50,000 and $200,000. Form 990 is the IRS form required for larger tax-exempt organizations with annual gross receipts over $200,000.
For tax years ending before July 31, 2021, the IRS will accept either paper or electronic filing of Form 990-EZ, Short Form Return of Organization Exempt from Income Tax. For tax years ending July 31, 2021, and later, Forms 990-EZ must be filed electronically.
The organization must also list up to 20 current employees who satisfy the definition of key employee (persons with certain responsibilities and reportable compensation greater than $150,000 from the organization and related organizations), and its five current highest compensated employees with reportable compensation
Nonprofit Organizations use schedule B to provide additional information on contributions reported on Form 990, 990-EZ, and 990-PF. Eventually, a Non Profit Organization must file Schedule B with Form 990 if it receives contributions of the greater of $5,000 or more than 2% of revenues from any one contributor.