NEEDHAM, Mass., July 27, 2016 /PRNewswire/ -- AccuFund, a nonprofit financial improvement systems specialist, recently sponsored The Chronicle of Philanthropy's new go-to resource guide, Mining the 990 – A Guide to Gleaning Key Data from Charities' Tax Form.
"The increasing demand for transparency and understanding around nonprofit reporting fueled the need for this resource guide," explained AccuFund president, Peter Stam. "It serves as a tool for finding and understanding relevant IRS Form 990 information and reinforces the importance of strong nonprofit financial reporting that accurately portrays an organization's position."
While most federally tax-exempt groups must complete a 990, a 990-EZ, or a 990-N, churches and state organizations are exempt. (Foundations must file a 990-PF.) The 990-EZ is mentioned only where it covers a particular topic. (The 990-N, filed by tiny groups, is essentially an e-postcard with only the most basic information.) This guide shows where to find information in the 990, the 990-EZ, and any attached schedules.
Mining the 990 – A Guide to Gleaning Key Data from Charities' Tax Form offers insightful solutions relating to and referencing all areas of IRS Form 990:
Revenue & Expenses
Charity Status, Mission, Programs & Structure
Staff & Volunteers
Governance & Disclosure
Assets, Liabilities, Other Financials & Accounting Information
The Chronicle of Philanthropy is an independent news organization that has been serving leaders, fundraisers, grant makers, and others involved in the philanthropic enterprise for more than 25 years. Along with daily coverage of tax, finance, and other issues affecting the nonprofit world, The Chronicle produces several annual special reports packed with data on giving and revenue. www.philanthropy.com
AccuFund, Inc. is a nonprofit financial improvement systems specialist. We use our award-winning financial software, consulting services and industry best practices to help organizations streamline processes, improve efficiency and lower costs. Our nonprofit financial success solutions are on-premise or cloud-based. For more information, call 877-872-2228, email [email protected] or visit www.accufund.com/reporting-cop.
Contact: Peter J. Stam, President AccuFund, Inc. 400 Hillside Ave. Needham, MA 02494 Phone: 781-433-0233 Fax: 781-453-0460 Email