Who is reading your 990?

Reading through a new clients 990 helps me get an idea of the work they do and what the financial picture of the organization looks like. It's important to take time in preparing the 990 so it includes an accurate picture for readers, of the organizations programs and accomplishments.

Don't wait until the last minute to prepare and review your organizations return! The next due date for 6/30 fiscal year is February 15th.

Here is a good read from Journal of Accountancy on the importance of "Telling the not-for-profit story through Form 990"

Upcoming 990 filing deadlines for tax exempt organizations

Important deadlines for 990 filings

Exempt organizations are required to file a form 990, 990EZ, or 990N, and schedules with the IRS. In addition exempt organizations in California are required to file a CA-199 with the Franchise Tax Board and most likely an RRF-1 with the Registry of Charitable Trusts. Here are upcoming deadlines. File your extensions and final returns on time so your organization doesn't incur penalties!

Fiscal year ending 12/31

• 11/15/16 final due date to file return
• 5/15/16 first extension to file due for 2016
• 8/15/16 second extension due for 2016

Fiscal year ending 6/30

• 11/15/16 first extension to file due
• 2/15/16 second extension due
• 5/15/16 final due date to file return

If your organizations fiscal year falls in a different month, please refer to the IRS table for due dates. https://www.irs.gov/charities-non-profits/return-due-dates-for-exempt-organizations-annual-return