Understanding the "Most Common" Form 990 Schedules: A, B & O (Webinar)  (UMC2-WEB)

2.50 CPE Credit Hours

Prepare Form 990 schedules accurately and efficiently using practical guidance and actionable insights detailed in this course. Explore the three most critical Form 990 schedules: Schedule A, required for all 501(c)(3) organizations; Schedule B, which applies to many (c)(3)s and certain non-(c)(3)s; and Schedule O, where some of the form's most complex disclosures reside. Gain a clear understanding of Schedule A, including its two public support tests, and learn to navigate common misconceptions about donor reporting in Schedule B. Understand Schedule O's most sensitive disclosure requirements, ensuring you can confidently handle its underlying obligations.

Public accounting tax and audit staff; nonprofit organization's treasurers, accountants, CFOs and other finance and compliance advisers

• Understand how Schedule A, Part I reports an organization's basis for classification each tax year
• Identify revenue inputs, calculating public support percentages, and understanding donor diversity and contribution limits
• Learn the reporting conventions for disclosing donor contributions and identities
• Examine the six key inquiries in Part VI, their disclosure narratives, and how the form may mislead filers on appropriate reporting
• Understand the criteria for answering "Yes" to Part VI, Line 11a regarding board review of Form 990 before filing
• Identify required disclosures when an organization employs a management company and how these differ from Part VII-A reporting

• Benefits of public charity classification
• Public Support Tests
• Preparation tasks of Schedule B and related worksheets, including donor disclosure
• Governance and public relations impact
• Board review and compliance
• Management company disclosures

Some familiarity with the nonprofit sector

None