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Non-Profit – April

While board review of Form 990 (Return of Organization Exempt from Income Tax) is not statutorily required, it is, however, a prudent practice. An organization’s review procedures are reported on the Form 990, which is publicly disclosed. In addition to being important for tax compliance, the Form 990 is also an important tool for communication with stakeholders. It is important to consider “the story” the forms are telling about the organization. The readers of the Form 990 may be potential contributors that want to know if the organization’s
mission aligns with their purpose, potential board members looking for information about the organization, or external evaluators determining the effectiveness of programs.

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