Overview of the Revised Form 990

The new Form 990 represents the most significant change to this form in nearly 30 years. The new 10-page form and supporting schedules are intended to provide increased transparency and facilitate comparisons between similar types of tax-exempt organizations.

Objectives:

• New questions on the core form and potential implications on the organization’s policies and practices
• Expanded reporting requirements in areas such as executive compensation, hospital community benefit, foreign activities and tax-exempt bonds
• Additional data the organization will need to capture in order to fulfill the new reporting requirements