Revised Form 990 for Fundraising Activities

1
Revised Form 990for Fundraising Activities
2
Fundraising Requirements for Schedule G

• Schedule G Reporting if the Organization had the
  following
• Greater than 15,000 in
• 1. Professional Fundraising Fees
• 2. Contributions Received from Fundraising
  Events
• 3. Gross income from Gaming Activities

3
990 Fundraising Reporting

• Greater than 15,000 in Professional Fundraising
  Fees
• -Includes solicitation campaigns and advice or
  other consulting services supporting in-house
  fundraising campaigns
• -Distinguish between fees paid for professional
  fundraising fees and for fundraising expenses
  (such as printing and postage) which should be
  classified as other expenses
• if unable to distinguish, all expenses should be
  included as professional fundraising expenses
• -This amount is reported on Part IX (Statement of
  Functional Expenses), Line 11e
• -Schedule G, Part I-Fundraising Activities

4
Schedule G, Part I-Fundraising Activities

• Schedule G, Part I Requirements
• List 10 highest paid professional fundraisers
  paid at least 5,000 for professional fundraising
  services
• Items Required
• -Report gross receipts connected to the services
  provided and,
• -Dollar amount in fees paid to the fundraiser
  for its professional fundraising services
• List all states in which the organization is
  registered/licensed to solicit funds

5
990 Fundraising Reporting

• 2. Greater than 15,000 in Contributions Received
  from Fundraising Events
• -includes but not limited to gaming events,
  dinners, auctions, or any other event conducted
  for the sole purpose of raising funds for the
  organizations exempt activities
• -Example Organization holds a dinner event and
  charges 500 per person. Dinner has a retail
  value of 100. Therefore, 400, the amount of
  the contribution would be reported as
  contributions received from Fundraising Events
• -This amount is reported on Part VIII, Statement
  of Revenue, Line 1c and Line 8a (contributions
  received from fundraising events)
• -Schedule G, Part II, Fundraising Events

6
Schedule G, Part II-Fundraising Events

• Schedule G, Part II Requirements
• List the two largest fundraising events with
  gross receipts greater than 5,000 and report the
  total number of all other events with gross
  receipts greater than 5,000
• For each event, report
• Revenue
• Gross Receipts and Charitable Contributions
• Direct Expenses
• Amount paid for cash prizes
• FMV of noncash prizes paid or given out for each
  event
• Expenses paid or incurred for the rent of lease
  of property/facilities
• Other direct expenses, such as catering,
  entertainment, labor, etc..

7
Schedule G, Part II (continued)

• Fundraising Events Include
• Dinners/Dances
• Door-to-door sales of merchandise
• Concerts
• Carnivals
• Sports Events
• Auctions
• Fundraising Events Do Not Include
• Sales or gifts of goods or services of only
  nominal value
• Raffles or lotteries in which prizes have only
  nominal value
• Solicitation campaigns that generate only
  contributions
• Proceeds from these activities are considered
  contributions (reported on Line 1f (all other
  contributions)

8
Form 990 Schedule G, Part III Gaming

• 3. Greater than 15,000 of Gross Income from
  Gaming Activities
• Schedule G-Part III Gaming Required
• Three categories of Gaming Activities
• Bingo, Pull Tabs, and Other
• Items to Report (for each category of gaming
  activities)
• Gross Revenue (Gross Receipts less Contributions)
• Direct Expenses
• Cash Prizes
• Noncash Prizes
• Compensation to workers
• Rental of Gaming Equipment
• Cost of supplies

9
Types of Gaming

• Include-but not limited to
• Bingo
• Pull Tabs
• Instant Bingo
• Raffles
• Scratch-offs
• Charitable Gaming Tickets
• Break-opens
• Hard Cards
• Banded Tickets
• Jar Tickets
• Pickle Cards
• Casino Nights

Remember-Many games of chance are taxable
(unrelated business income)