How to Complete Your F 990 Instructions: A Step-by-Step Guide

Let's break down Form 990 into something you can actually understand without getting a headache.

What's Form 990 Anyway?

Think of Form 990 as your nonprofit's annual report card to the IRS. It shows:

• Your financial health
• How you're following tax rules
• What you've been up to all year

When Do You Need to File?

Mark your calendar: It's due on the 15th day of the fifth month after your fiscal year ends. Miss it, and you're looking at penalties - nobody wants that!

The Basics of Schedule F

If your nonprofit does work internationally, you'll need to tackle Schedule F. Here's the quick rundown:

1. Gather your docs: Get all your international program info, money stuff, and agreements in one place
2. Fill out the basic info: Country details and what you're doing there
3. Document your work: List your programs, how many people you helped, and what you spent
4. Double-check everything: Numbers should match your records perfectly

Common Mistakes (Don't Be That Person)

1. Getting the numbers wrong (seriously, double-check your math)
2. Missing deadlines (set those reminders!)
3. Forgetting to review before submitting (always get a second pair of eyes)

Need Help?

You're not alone! Check out:

• IRS.gov (yeah, obvious, but actually helpful)
• Nonprofit assistance groups
• Online communities
• Professional consultants if you're really stuck

Pro Tips for Next Year

1. Keep good records all year (future you will thank present you)
2. Set up a filing calendar
3. Review finances regularly
4. Train your team on Form 990 basics
5. Consider using software like Aplos to make your life easier

Form 990 might seem like a pain, but it's your chance to show donors and the public that you're running a tight ship. Get it right, and you're building trust while keeping the IRS happy. That's a win-win! Remember: Transparency isn't just a buzzword - it's what keeps donors coming back and your nonprofit thriving.