New Form 990 Poses Increased Risks for 501(c)(3)

• By: jdunlap
• On: 12/30/2008 22:47:00
• In: General
• Comments: 0

Beginning IN 2009, many 501(c)(3) organizations must begin filing the new IRS Form 990. The increased information required on this form, will pose an increased risk to NFPs as this information becomes available to the IRS, the media, labor unions and other third parties. It is more imperative than ever that NFPs establish a rigorous process to ensure that they are not engaged in excess benefit transactions with executives, board members, or others associated with their organization.

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