Über die Autorin bzw. den Autor

Stuart P. Sobel is the president of Stuart Sobel Consulting, Inc. and Tax Media Network, Inc. located in Indianapolis, Indiana. Stuart Sobel Consulting, which provides tax and nonprofit consulting in many areas including charitable giving, joint ventures, and tax controversy issues, has assisted in the creation of thousands of diverse businesses and nonprofit organizations (public charities, trade associations, athletic organizations, and more). The firm has helped start charities in North America, South America, Africa, and Asia. Tax Media Network provides tax and nonprofit education. During the 30 years he worked for the Internal Revenue Service, Stuart held a number of high level positions. He has served as a board member and Treasurer of the Central Indiana Better Business Bureau and as a board member of the Small Business Administration Service Corps of Retired Executives (SCORE). He is a Past President of the Ohio University College of Business Administration Alumni Society. He has served as an officer of a number of other nonprofit entities including foundations, supporting organizations, and international humanitarian organizations. Stuart has been teaching tax and charity issues for more than 40 years. As a member of the adjunct faculty of Indiana University and Indiana University/Purdue University of Indianapolis, Stuart has taught courses on business startup, nonprofit management, accounting, and taxation. Tax agencies have referred to him as a tax expert and members of the media have called him the "Guru of Giving". Stuart is the producer and talk show host of his nationally syndicated weekly radio program, Wise Choices: Taxes and Charity Today.

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PREPARING THE NEW REDEFINED FORM 990 FOR NONPROFIT ORGANIZATIONS

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Contents

Chapter 1: Introduction to Redefined Form 990....................................................................1I. Why the dramatic change?......................................................................................1II. Who regulates the nonprofit sector?..........................................................................2III. Panel on Nonprofit Sector 2005 Report.......................................................................4IV. Planning for the quality preparation of Form 990.............................................................5V. Information Sources...........................................................................................7Chapter 2: 2008 General Instructions for Form 990................................................................8I. Overview of Form 990..........................................................................................8II. Analyzing who must file Form 990.............................................................................13III. Accounting periods and methods..............................................................................19IV. Specific filing requirements.................................................................................21Chapter 3: Specific Preparation Instructions for Parts I-XI of the 2008 Form 990 (Core Form).....................25I. Heading.......................................................................................................25II. Part I: Summary and Part II: Signature block.................................................................29III. Part III: Statement of program service accomplishments......................................................33IV. Part IV: Checklist...........................................................................................38V. Part V: Statements regarding other IRS filing and tax compliance..............................................45VI. Part VI: Governance, management, and disclosure..............................................................56VII. Part VII: Compensation......................................................................................70VIII. Part VIII: Statement of revenue............................................................................85IX. Part IX: Statement of functional expenses....................................................................99X. Part X: Balance sheet.........................................................................................111XI. Part XI: Financial statements and reporting..................................................................118Chapter 4: Specific Instructions for Schedules A-R...............................................................121I. Schedule A - Public charity status and public support.........................................................121II. Schedule B - Schedule of contributors........................................................................141III. Schedule C - Political campaign and lobbying activities.....................................................147IV. Schedule D - Supplemental financial statements...............................................................157V. Schedule E - Schools..........................................................................................166VI. Schedule F - Statement of activities outside of the United States............................................172VII. Schedule G - Fundraising or gaming activities...............................................................179VIII. Schedule H - Hospitals.....................................................................................189IX. Schedule I - Grants and other assistance in the United States................................................193X. Schedule J - Compensation information.........................................................................198XI. Schedule K - Supplemental information on tax-exempt bonds....................................................209XII. Schedule L - Transactions with interested persons...........................................................213XIII. Schedule M - Non-cash contributions........................................................................222XIV. Schedule N - Liquidation, termination, dissolution, disposition.............................................230XV. Schedule O - Supplemental information to Form 990............................................................236XVI. Schedule R - Related organizations and unrelated partnerships...............................................239Appendix A: Number of Nonprofit Organizations in the United States, 1996 - 2006..................................252Appendix B: Better Business Bureau Charitable Standards..........................................................254Appendix C: IRS Forms............................................................................................261Form 990 - Parts I - XI..........................................................................................262Schedule A.......................................................................................................273Schedule B.......................................................................................................277Schedule C.......................................................................................................281Schedule D.......................................................................................................285Schedule E.......................................................................................................290Schedule F.......................................................................................................291Schedule G.......................................................................................................295Schedule H.......................................................................................................298Schedule I.......................................................................................................302Schedule J.......................................................................................................304Schedule K.......................................................................................................307Schedule L.......................................................................................................309Schedule M.......................................................................................................310Schedule N.......................................................................................................312Schedule O.......................................................................................................315Schedule R.......................................................................................................316Form 990-EZ......................................................................................................320Form 990-T.......................................................................................................324

Chapter One

A. Overview of the nonprofit sector

A look at the astounding growth of the nonprofit sector in the United States and throughout the world will show why the changes in the IRS Form 990 are warranted. For example, in 1996 there...