Thursday, October 21, 2010

Need Basic Help Filling Out Your 990?

Here's the last of the summer series of G&FC book reviews by VLAA interns:

Revised Form 990: A Line-by-Line Preparation Guide by Jody Blazek and Amanda Adams

Nonprofit organizations that fall under Section 501(c) of the Internal
Revenue Code are required to file a 990 form annually. In December
2008, the form was revised. This book explains the changes made to
the form as well as uncovers the potential new challenges involved in
filing the form.

Blazek and Adams also spell out clearly who is and
who is not required to file a 990. Not only do these authors do a
great job of walking the reader through the steps of the new form, but
they also provide tips on how to stay organized and keep good records.

The book truly does go through the form line by line and is easily
comprehensible for a person without a background in accounting.

-- by Whitney Digilio, Washington University Law School, VLAA summer intern 2010
For more information on the 990 and it's importance to your organization, come to our Nov. 10 session descibed below.