The New IRS Form 990: What Does It Mean For Your ... - Venable LLP

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2 Agenda • Welcome, Brock Landry • Program Overview, Jeff Tenenbaum • The Core Form 990, Thora Johnson • Form 990 Reporting – Executive Compensation, Patricia McDermott • Form 990 Schedules, George Constantine © 2008 Venable LLP
3 THE CORE FORM 990 Thora Johnson Venable LLP tajohnson@venable.com The New IRS Form 990: What Does It Mean for Your Nonprofit Organization? March 4, 2008 © 2008 Venable LLP
Page 1 and 2: VALUE ADDED, VALUES DRIVEN ® . The
Page 3 and 4: Articles The 2008 Form 990: Putting
Page 5 and 6: earned and the year paid — has be
Page 7 and 8: Articles Association Trends Telling
Page 9 and 10: OLD AND NEW IRS FORM 990 - COMPARIS
Page 11 and 12: "OLD" FORM 990 "NEW" FORM 990 Whose
Page 13 and 14: Employee Benefits and Executive Com
Page 15 and 16: Employee Benefits Alert AUGUST 14,
Page 17 and 18: Employee Benefits Alert JULY 24, 20
Page 19 and 20: experience brings broad perspective
Page 21 and 22: Foundation Board of Trustees, the G
Page 23 and 24: Patricia M. McDermott Partner 202.3
Page 25 and 26: George E. Constantine Partner 202.3
Page 27 and 28: ASSOCIATION & NONPROFIT PRACTICE GR
Page 29 and 30: OUR EXPERIENCE Venable brings to ea
Page 31 and 32: Below are highlights of some of the
Page 33 and 34: development of a new professional c
Page 35 and 36: egulatory practice is filled with s
Page 37 and 38: CONCLUSION Widely regarded as havin
Page 39 and 40: modifying them to conform to change
Page 41 and 42: that our clients achieve their busi
Page 43 and 44: efficient and practical manner. Our
Page 45: 1 The New IRS Form 990: What Does I
Page 49 and 50: 5 THE SUMMARY ‣ New to the Form 9
Page 51 and 52: 7 SNAPSHOT OF REVENUE ‣ Total con
Page 53 and 54: 9 WHAT’S NOT THERE (AND WAS IN TH
Page 55 and 56: 11 STATEMENT OF PROGRAM SERVICES
Page 57 and 58: 13 OTHER IRS FILINGS AND TAX COMPLI
Page 59 and 60: 15 QUESTIONS REGARDING BOARD AND MA
Page 61 and 62: 17 AND MORE QUESTIONS REGARDING BOA
Page 63 and 64: 19 MORE QUESTIONS REGARDING POLICIE
Page 65 and 66: 21 DISCLOSURE ‣ Make its Form 102
Page 67 and 68: 23 REMAINING SECTIONS OF CORE FORM
Page 69 and 70: 25 FORM 990 REPORTING: EXECUTIVE CO
Page 71 and 72: 27 EXECUTIVE COMPENSATION - FORM 99
Page 73 and 74: 29 COMPENSATION REPORTING - PURPOSE
Page 75 and 76: 31 2008 FORM - GENERAL STRUCTURE FO
Page 77 and 78: 33 CHANGES MADE BY DISCUSSION DRAFT
Page 79 and 80: 35 THRESHOLDS FOR SCHEDULE J REPORT
Page 81 and 82: 37 ADDITIONAL SCHEDULE J QUESTIONS
Page 83 and 84: 39 PREPARING FOR IMPLEMENTATION ‣
Page 85 and 86: 41 OVERVIEW OF THE SCHEDULES ‣ 16
Page 87 and 88: 43 SCHEDULE A ‣ Change now allows
Page 89 and 90: 45 SCHEDULE B ‣ No changes - requ
Page 91 and 92: 47 Schedule D ‣ Supplemental Fina
Page 93 and 94: 49 Schedule F ‣ Activities outsid
Page 95 and 96: 51 Schedule F ‣ Requires grantmak
Page 97 and 98:
53 Schedule G ‣ Describe relation
Page 99 and 100:
55 Schedule I ‣ Grants and Other
Page 101 and 102:
57 Schedule K ‣ Supplemental Info
Page 103 and 104:
59 Schedule M ‣ Non-Cash Contribu
Page 105 and 106:
61 Schedule N ‣ Liquidation, Term
Page 107 and 108:
63 Schedule R ‣ Related Organizat
Page 109 and 110:
65 Summary ‣ Significant new info
Page 111 and 112:
Form 990 (2008) Part III Statement
Page 113 and 114:
Form 990 (2008) Part IV 28 a 32 33
Page 115 and 116:
Form 990 (2008) Part VI Governance,
Page 117 and 118:
Form 990 (2008) Part VII Continued
Page 119 and 120:
Form 990 (2008) Page 10 Part IX Sta
Page 121 and 122:
SCHEDULE A (Form 990 or 990-EZ) Dep
Page 123 and 124:
Schedule A (Form 990 or 990-EZ) 200
Page 125 and 126:
Schedule B (Form 990, 990-EZ, or 99
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
SCHEDULE C (Form 990 or 990-EZ) Dep
Page 137 and 138:
Schedule C (Form 990 or 990-EZ) 200
Page 139 and 140:
SCHEDULE D (Form 990) Department of
Page 141 and 142:
Schedule D (Form 990) 2008 Part VII
Page 143 and 144:
Schedule D (Form 990) 2008 Part XIV
Page 145 and 146:
Schedule F (Form 990) Department of
Page 147 and 148:
Schedule F (Form 990) 2008 Page 3 P
Page 149 and 150:
SCHEDULE F-1 (Form 990) Department
Page 151 and 152:
Schedule F-1 (Form 990) 2008 Page 3
Page 153 and 154:
Schedule G (Form 990 or 990-EZ) 200
Page 155 and 156:
SCHEDULE H (Form 990) Department of
Page 157 and 158:
Schedule H (Form 990) 2008 Part VIV
Page 159 and 160:
SCHEDULE I (Form 990) Department of
Page 161 and 162:
SCHEDULE I-1 (Form 990) Department
Page 163 and 164:
SCHEDULE J (Form 990) Department of
Page 165 and 166:
Schedule J (Form 990) 2008 Page 3 P
Page 167 and 168:
SCHEDULE J-2 (Form 990) Department
Page 169 and 170:
Schedule K (Form 990) 2008 Page 2 P
Page 171 and 172:
SCHEDULE M (Form 990) Department of
Page 173 and 174:
SCHEDULE N (Form 990) Department of
Page 175 and 176:
Schedule N (Form 990) 2008 Part III
Page 177 and 178:
Schedule N-1 (Form 990) 2008 Part I
Page 179 and 180:
Schedule O (Form 990) 2008 Name of
Page 181 and 182:
Schedule R (Form 990) 2008 Page 2 P
Page 183 and 184:
Schedule R (Form 990) 2008 Page 4 P
Page 185 and 186:
Schedule R-1 (Form 990) 2008 Page 2
Page 187 and 188:
Schedule R-1 (Form 990) 2008 Part I
Page 189:
Schedule R-1 (Form 990) 2008 Part V
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The New IRS Form 990: What Does It Mean For Your ... - Venable LLP

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