If a PTA 501(c)(3) donated to their public school a check that is well over $600 as giving back a percentage of the profits, instead of tangible goods (e.g. Chrome books), is the PTA obligated to give the school a 1099-Misc? I'm thinking yes --thank you.
I am a current human services graduate student and studying non-profit principles & practices. I am so confused by this form but I will keep studying so that I can become well versed in the information in case I open a non-profit for kids on the spectrum in the future.
Hello - again, great video and super informative. But I have a question that I could not find the answer from the presentation. I'm preparing a first time 990 filer, athletic booster club (football). They first received $21k funds from a booster club that is no longer 501c3. The funds were deposited after the state incorporation but prior to IRS approving tax exempt status. Can I add this revenue to Part VIII Statement of Revenue and complete Schedule B, Schedule of Contributors? I'm concerned that since the funds are a lot, it will raise a red flag with IRS. Thank you.
This was a great video - I would love to find out if you are going to have future Form 990 webinars or even in person. I do have a question and I would love a copy of the slides.
This video is awesome, it helped me as treasurer to get our 990 done when I realized we couldn't use the 990 EZ
If a PTA 501(c)(3) donated to their public school a check that is well over $600 as giving back a percentage of the profits, instead of tangible goods (e.g. Chrome books), is the PTA obligated to give the school a 1099-Misc? I'm thinking yes --thank you.
I am a current human services graduate student and studying non-profit principles & practices. I am so confused by this form but I will keep studying so that I can become well versed in the information in case I open a non-profit for kids on the spectrum in the future.
Hello - again, great video and super informative. But I have a question that I could not find the answer from the presentation. I'm preparing a first time 990 filer, athletic booster club (football). They first received $21k funds from a booster club that is no longer 501c3. The funds were deposited after the state incorporation but prior to IRS approving tax exempt status. Can I add this revenue to Part VIII Statement of Revenue and complete Schedule B, Schedule of Contributors? I'm concerned that since the funds are a lot, it will raise a red flag with IRS. Thank you.
I just realized I have a copy of Laurence Scot's book! So cool!
This was a great video - I would love to find out if you are going to have future Form 990 webinars or even in person. I do have a question and I would love a copy of the slides.
SuperFANTASTIC 🔥🔥🔥…