For the first time in nearly 30 years, the IRS has completely revamped the Form 990, the primary annual public reporting and disclosure tool used by tax-exempt organizations. The result is a radically-redesigned document that will have not only significant implications for how nonprofits report and disclose key operational details, but also will require careful, proactive planning during the year to avoid embarrassing or uncomfortable disclosures at year-end. For nonprofits with calendar-year fiscal years, the new Form will be due by May 15, 2009.
Slides and supplemental materials can be found in the ppt attached.