What is Schedule O (990 Form)?

Schedule O (990 Form) is a supplementary schedule that is filed by organizations exempt from tax under section 501(c) of the Internal Revenue Code. It provides additional information to explain the answers provided in the main 990 Form. The purpose of Schedule O is to provide a narrative description of the organization's mission, accomplishments, and activities during the tax year.

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

There are two types of Schedule O (990 Form) that organizations may be required to file. The first type is Schedule O (Form 990), which is used by organizations with gross receipts greater than or equal to $200,000 or total assets greater than or equal to $500,000. The second type is Schedule O (Form 990-EZ), which is used by organizations with gross receipts less than $200,000 and total assets less than $500,000.

Schedule O (Form 990)
Schedule O (Form 990-EZ)

How to complete Schedule O (990 Form)

Completing Schedule O (990 Form) requires careful attention to detail. Here are the steps to follow:

01
Provide a narrative description of the organization's mission and accomplishments during the tax year.
02
Explain the organization's activities and how they further its exempt purpose.
03
Provide information on any significant changes in the organization's activities or operations.
04
Disclose any loans or grants made to or from other organizations.
05
Describe any transactions or arrangements with interested persons.
06
Include any additional information necessary to fully explain the organization's operations and activities.

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Video Tutorial How to Fill Out Schedule O (990 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.
Form 990-EZ can be filed either via mail or electronically for an additional year. After this period you must file electronically. Forms 990-T and 4720 are both required to be filed electronically under the new law, but physical forms will still be accepted while the IRS works to convert them to electronic format.
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.
Schedules for IRS Form 990 Schedule DesignationSchedule TitleSchedule IGrants and Other Assistance to Organizations, Governments and Individuals in the U.S.Schedule JCompensation InformationSchedule KSupplemental Information on Tax Exempt BondsSchedule LTransactions with Interested Persons12 more rows
Form 990-N can be filed for free at IRS.gov.
An organization that normally has $50,000 or more in gross receipts and that is required to file an exempt organization information return must file either Form 990, Return of Organization Exempt from Income TaxPDF, or Form 990-EZ, Short Form Return of Organization Exempt from Income TaxPDF.