{"id":1198,"date":"2008-08-26T08:50:18","date_gmt":"2008-08-26T15:50:18","guid":{"rendered":"http:\/\/www.artsjournal.com\/artfulmanager\/wp\/2008\/08\/the_new_990_is_here_the_new_99\/"},"modified":"2008-08-26T08:50:18","modified_gmt":"2008-08-26T15:50:18","slug":"the_new_990_is_here_the_new_99","status":"publish","type":"post","link":"https:\/\/www.artsjournal.com\/artfulmanager\/main\/the_new_990_is_here_the_new_99.php","title":{"rendered":"The new 990 is here! The new 990 is here!"},"content":{"rendered":"<p>Okay, it&#8217;s a bit too late for beach reading, but CPAs everywhere are likely devouring its every nuance. The revised, redesigned, and reconsidered <a href=\"http:\/\/www.irs.gov\/charities\/article\/0,,id=185561,00.html\">IRS 990 form and instructions<\/a> &#8212; a required annual filing for any nonprofit with gross receipts of $1 million or more, or total assets of $2.5 million or more at the end of the tax year (nonprofits with lesser budgets fill out the 990EZ or the cute little 990-N) &#8212; has finally been unleashed upon the world.<\/p>\n<p>It may seem like the pinnacle of tedium, but such redesigns of the reporting requirements have a rather dramatic impact on how the nonprofit world works (the last major revision of the 990 was in 1979, the year Skylab fell to earth&#8230; Coincidence? I think not.). These rules define the lens through which we see and understand a large part of the nonprofit infrastructure &#8212; how donors evaluate potential recipients, how foundations map their strategy, how nonprofits describe and track their financial life.<\/p>\n<p>If you&#8217;re interested in the specifics of the redesign, <a href=\"http:\/\/www.charitygovernance.com\/charity_governance\/2008\/08\/irs-gives-birth.html\">Charity Governance has a thoughtful overview<\/a>. Or, just print out the new form and instructions and curl up in your jammies tonight for a good read.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The redesigned IRS 990 tax forms and instructions may not be beach reading, but if you run a nonprofit, they&#8217;re a must-read.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-1198","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-main","7":"entry"},"_links":{"self":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts\/1198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/comments?post=1198"}],"version-history":[{"count":0,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/posts\/1198\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/media?parent=1198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/categories?post=1198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.artsjournal.com\/artfulmanager\/wp-json\/wp\/v2\/tags?post=1198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}