In 2008 the IRS has announced important changes to Form 990. The form was redesigned for better transparency and ease of use. Form 990 is the information return that nonprofits with gross receipts of $25,000 or more file each year. The forms, schedules and instructions can be found here.
Note: The IRS requires Leagues that don't meet the filing threshold for Form 990 to file the new Form 990-N e-postcard in order to maintain their nonprofit status. Additional information is located at http://www.irs.gov/charities/article/0,,id=169250,00.html.
Has Your League Filed Its Form 990-N Yet?
All Leagues that receive less than $25,000 in income must file an e-postcard return (also known as Form 990N) every year. The only exceptions are Leagues that are included in their state League’s group return or that file the more complicated Form 990 or 990-EZ. Most Leagues have successfully completed the form, though some have not.
If your League hasn’t filed the online form yet, please do so immediately. Leagues that haven’t filed during the last three years may lose their tax exemption on May 15th 2010.
Form 990-N is entirely web-based; there isn’t a paper version. The form is short and shouldn’t take much time to complete. To fill out the form, go to http://epostcard.form990.org/ and follow the instructions. You will need the following information:
- Your League’s name
- Any other names your League uses
- Your League’s mailing address
- Your League’s website address (if your League has a website)
- Your League’s tax identification number (EIN)
- Name and address of a principal officer of your League
- Your League’s annual tax period (most Leagues have a tax period ending June 30th)
- A statement that your League’s annual gross receipts are normally $25,000 or less
(If your League doesn’t have a federal tax ID number, apply for one online at https://sa1.www4.irs.gov/modiein/individual/index.jsp . At the beginning of the application process, you will be asked to check a box that best describes your legal structure. The legal structure for Leagues is found under the 7th option, “View Additional Types, Including Tax Exempt and Governmental Agencies.” Select “Community or Volunteer Group”).
If you encounter any difficulty logging on to the Form 990-N website, please call their tech support at 866-255-0654 or email email@example.com.