Form 990 (2019)

What Is Form 990 EZ 2019

Form 990 EZ 2019 is the shorter version of the IRS Form 990, designed for small to medium-sized tax-exempt organizations. It serves as an annual information return that these entities must file to maintain their tax-exempt status. The form is crafted to provide the IRS and the public with financial information about the nonprofit's operations, including revenue, expenses, and overall mission advancement. Despite its abbreviated nature, the EZ form still demands detailed disclosures to ensure transparency and compliance with tax laws.

When to Use IRS 2019 Form 990 Ez

Organizations should utilize the IRS 2019 Form 990 EZ under the following scenarios:

• Gross receipts are less than $200,000, and total assets are less than $500,000 at the end of the tax year.
• The organization opts not to file the full Form 990 for simplicity, given it meets the criteria above.
• Nonprofit entities that wish to provide essential financial data without the extensive detail required in the full Form 990.
• These criteria aim to reduce the reporting burden on smaller entities while maintaining accountability and transparency in their financial operations.

How To Fill Out Form 990 2019 Instructions

Basics Before You Start

Gather Necessary Documents: Before starting, ensure you have your organization's financial statements, governing documents, grant information, and details of significant activities for the year.

Part I - Summary

Complete with the organization's legal name, address, and EIN (Employer Identification Number).

Briefly describe the organization's mission or most significant activity for the year.

Input financial data accurately, including revenue, expenses, and net assets. Refer to your financial statements for these figures.

Part II - Signature Block

The form must be signed by an organization officer, such as the President, Vice-President, Treasurer, etc.

Part III - Statement of Program Service Accomplishments

Elaborate on the mission stated in Part I, providing more details.

List and describe your organization's three largest program services, including expenses and grants for each.

Part IV - Checklist of Required Schedules

Review each item in this checklist and mark the appropriate boxes if your organization is involved in the activities described. This will determine which additional schedules you need to complete.

Part V - Statements Regarding Other IRS Filings and Tax Compliance

These questions deal with other IRS filings and compliance with various tax requirements.

Part VI - Governance, Management, and Disclosure

Provide details about your organization's governing body and management, such as the number of voting members, policies, and procedures.

Parts VII to XII - Various Sections Covering Compensation, Financial Statements, and More

These sections require specific financial, compensation, and relational information. Use your financial documents to complete these accurately.

When to File Form 990 Due Dates 2019

The organization’s tax year-end determines the deadlines for filing Form 990 or 990 EZ. For organizations operating on a calendar year, the Form 990 Due Date 2019 is May 15th, 2020. For those with a fiscal year ending on any day other than December 31, the due date is the 15th day of the 5th month after the organization’s tax year ends. The deadline is moved to the next business day if the due date falls on a weekend or federal holiday. Extensions are available for those needing more time to file, but they must be requested before the original due date using Form 8868.