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No More Homeless Pets

Understanding the Revised IRS Form 990

July 22, 2008 : 2:46 PM
Learn how your non-profit should be preparing now.

Provided courtesy of Suzy Hayton, Administrative Assistant, PetSmart Charities

We recently put up a recording of a webinar we thought you might be interested in. The Revised 990 Form Webinar was presented by Brenda Blunt, Tax Director, CBiz Accounting Tax and Advisory Services. A synopsis of her presentation is below:

After 30 years of requests from Congress, funders, State and Local governments and even non-profit organizations themselves, the IRS has completely revised and revamped IRS Form 990 – the annual report most public charities and other non-profit organizations must file and make available to the public. Effective for 2008 returns filed in 2009, the IRS’s focus was to increase transparency, comparability, and compliance and drive improved governance practices among all filers. This webinar will give you a high-level view of the 990 and 990-EZ changes and will help your organization prepare to address the new questions and disclosures effectively and begin to think about how this will impact the organization and your board. Even organizations previously too small to file are impacted as you will learn when we discuss the new form 990N (for years ending 12/31/2007 and after). Organizations who do not adequately prepare for the new requirements may be publicly embarrassed at best or, worse, risk loosing their tax exempt status and/or face other fines and penalties – don’t let your organization be caught unaware!

You can currently view the slides, chat, sample forms and recording on our blog site. Please visit http://petsmartcharitiesblog.org/webinars/?q=taxonomy/term/110.

This is such an important topic and Brenda's webinar was so well-received, we wanted to make sure you were aware of the availability of the recording of this session. Here are just a few of the comments we received from attendees:

- This Is the most incredible "heads up" for us! I never dreamed how sweeping the changes would be and this information was fantastic!!!
- Fantastic! What a fortune in free help! Thanks a million.
- Very valuable presentation, thank you! This person doing presentation is great!

For more information:

Revised IRS Form 990 Webinar
• Look to the PetSmart Charities website to sign up for other upcoming free webinars
• Listen to recordings of other past webinars

Posted by Jennifer Hayes, Best Friends staff
Photo credit: photo taken by Jennifer Hayes


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