Calibre CPA Group – In-Depth Review of Forms 990/990T – DLG Option


Mastery of the current Form 990 beyond its Core Form pages requires understanding of the Form’s transparency demands relating to multiple complex issues: transactions with certain insiders; expanded disclosure of highly-comp’d individuals’ calendar year compensation; identifying, and reporting in the presence of, “related organizations,” nuances of the two “public support tests;” undertaking of foreign operations; and more. This course covers the most advanced tax and nonprofit issues that are the subject of the Form 990’s Schedules. Participants will not only gain an understanding of the tax and practical points necessary to complete Schedules A, C, F, J, K, L, N and R of the current Form 990, but also be advised as to how to communicate with exempt clients on each of these Schedules’ unique demands.

Learning Objectives
  • Distinguish between the in-flows of each of the “public support tests,” apply each test’s calculations, and identify both what makes a “supporting organization” and note such entities’ “Types” and attendant reporting obligations.
  • Distinguish the reporting obligations of 501(c)(3) organizations with respect to “lobbying” versus that of the “proxy tax” in place for 501(c) (4), (5), and (6) organizations; and note required “electioneering” reporting of all 501(c) entities.
  • Recognize the triggers by which Schedule F is mandated.
  • Recall the definitions of “Interested Persons” applied within each Part of Schedule L.
  • Recognize the expanded compensation reporting and “management practices” inquired of in Schedule J.
  • Appreciate both the need for bond counsel involvement in completing Schedule K and the diverse scenarios that trigger Schedule N.
  • Identify the common reporting disclosures required in the presence of “related organizations” and the unique reporting demands applied based on type of entity.
Major Topics

• Key issues that affect how “public charities” are classified and related Schedule A reporting • The various public policy realms inquired of in Schedule C • Complexity and problems within Schedule F’s instructions • Identification of, and reporting in Schedule R, of related organizations • The various types of “Transactions with Interested Persons” required to be disclosed in Schedule L • Critical issues to avoid in Schedules K and N • Items to watch when completing Schedule J’s Parts I and II

Course Level
Professional Area of Focus
Acumen: Not For Profit
CPE Field of Study
Who Should Attend

CPAs, attorneys, and nonprofit managers


Basic Knowledge of the “Core Form” 990 Parts I-XII

Calibre CPA Group PLLC
7200 Wisconsin Ave
Bethesda, MD 20814 US
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Calibre CPA Group PLLC
7200 Wisconsin Ave
Bethesda, MD 20814 US
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Calibre CPA Group – In-Depth Review of Forms 990/990T – DLG Option

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