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Form 990 Redesign for Tax Year 2008 (Filed in 2009): Enhancing Transparency

How does the new form enhance transparency of an organization’s mission, financial information and operations?

The new form’s summary page provides a snapshot of key financial, governance and operating information, including a comparison of the current year's revenues, expenses, assets, and liabilities, with those of the prior year.  The reordered core form provides a description of the organization’s program service accomplishments immediately after the summary page, to provide context before the user proceeds to sections on tax compliance, governance, compensation, and financial statements.  The Checklist of Required Schedules also provides a quick view of whether the filing organization is conducting activities that raise tax compliance concerns, such as lobbying or political campaign activities, transactions with interested persons, and major dispositions of assets, and indicates which schedules the organization is required to file with the form.

 

Page Last Reviewed or Updated: 03-Jul-2013