F990 / Publication 78

We hope this message finds you in good spirits. As we navigate the intricacies of nonprofit management, it's essential to discuss the annual Form 990 filing for 501(c)(3) organizations and its broader implications, including those listed in IRS Publication 78.

Form 990 and Publication 78 Insights

Form 990 serves as a public disclosure tool, providing the IRS and the public, through IRS Publication 78, with detailed insights into your nonprofit's mission, programs, and financials. The complexity of this form varies with the scope of your organization's activities.

Why This Matters to You and Your Donors

Timely filing of Form 990 is not only a legal requirement but also pivotal in maintaining your organization's listing in IRS Publication 78, which is crucial for your donors. This listing reassures donors that their contributions are tax-deductible.

Consequences of Non-Compliance

Non-compliance can lead to severe ramifications, including:

• Loss of your tax-exempt status.
• Monetary penalties.
• Damage to your organization's credibility.

For Your Donors, the Stakes are High Too

If your organization loses its tax-exempt status due to non-filing, it will be removed from IRS Publication 78. This means donations to your organization will no longer be tax-deductible, which could significantly deter potential donors and impact your fundraising efforts.

Let's Stay Compliant

To avoid these challenges and continue benefiting your donors, understanding and adhering to Form 990 filing requirements is crucial. Our team is ready to assist you with any questions or concerns regarding Form 990 or your listing in Publication 78.

Thank you for your unwavering commitment to your cause. We are here to support you every step of the way.