Know

Summary...

  1. The Form 990 is filed annually, and several Form 990 formats are available depending on your nonprofit’s annual gross receipts and assets.
  2. Legal and financial penalties can arise when the Form 990 is not filed on time, is incomplete, or is not filed correctly.
  3. The Form 990 is your nonprofit’s most public financial document, which can make it a useful marketing tool to share your organization’s mission, program accomplishments, and financial stability.
  4. Nonprofit and charitable organizations in Washington need to register with the Office of the Secretary of State, Corporations and Charities Division and stay current with annual requirements. Also, nonprofits pay almost all state and local taxes.
Reflect

Here are some questions to think about...

  • After reviewing your organization’s most recent Form 990, does the content in Part I and Part III (pages 1 and 2 respectively) present a comprehensive and accurate picture of your nonprofit? Is the information consistent with your website and/or organizational materials?
  • Does your annual board calendar include key dates for preparation, review, and filing of the Form 990?
Grow

Next steps...

Chapter Materials

Finance Unlocked For Nonprofits Guide

Start by downloading the Finance Unlocked for Nonprofits guide that includes practice activities, worksheets, and ...

Chapter: 990 – Guide

Download this chapter's guide before watching the video.

Chapter: 990 – Video Transcript

Video transcript with visual descriptions for the Finance Unlocked for Nonprofits 990 video

Document Retention Policy

Document Retention Policy from resources from National Council of Nonprofits

Overtime Salary Threshold Tool

Overtime Salary Threshold Tool from Nonprofit Association of Washington Check out this tutorial video on how to ...

Stay Up-to-Date with the Secretary of State Diagram

Stay Up-to-Date with the Secretary of State Venn Diagram for nonprofit corporations and charities Find an audio ...

Sample Whistleblower Policy

Sample Whistleblower Policy from Charity Review Council

Public Support Test

Public Support Test memo by LaVerne Woods, Esq.

Governance and Compliance Checklist

This brief checklist reviews items to help your organization stay legally compliant with your finances.
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