the new form 990: morning series presentation

Beene Garter

January 21, 2009Grand Valley State University

Nonprofit Morning Series

Pre s e nte d byPeggy Bishop, CPA – Partner

[email protected] / 800.824.7882

Fax 616.235.5285

Beene Garter

Federal Form 990

Form 990-N– Gross receipts < $25,000– Gross receipts < $50,000 beginning in 2010

Form 990-TForm 990-PFForm 990-EZForm 990

Beene Garter

Form 990-EZ Transition

• May file 990-EZ…

Schedules A, B, C, E, G, L and N

For If Gross Receipts are If Assets are

2008 tax year > $25,000 and < $1 million < $2.5 million

2009 tax year > $25,000 and < $500,000 < $1.25 million

2010 tax yearand later

> $50,000 and < $200,000 < $500,000

Beene Garter

Business