Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Frequently Asked Questions

No items found.

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

Heading

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

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Frequently Asked Questions

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

Form 990-EZ is the simplified annual information return for smaller tax-exempt organizations. Think of it as a financial and operational report card that eligible nonprofits file with the IRS to maintain their tax-exempt status. Unlike its big sibling Form 990, the "EZ" version is streamlined for organizations with modest finances—those with less than $200,000 in gross receipts and less than $500,000 in total assets at year-end.

This form serves multiple purposes beyond just satisfying IRS requirements. It provides transparency to the public, who can inspect your return to understand how your organization operates and spends money. State governments often accept Form 990-EZ instead of requiring separate state forms. For many donors, potential partners, and grantmakers, your 990-EZ becomes the primary window into your organization's activities and financial health. IRS Form 990-EZ Instructions 2014

Most section 501(c) organizations—including 501(c)(3) charities, social welfare organizations under 501(c)(4), trade associations, and others—can use Form 990-EZ if they meet the size thresholds. However, certain organizations must use the full Form 990 regardless of size: sponsoring organizations of donor-advised funds, hospitals, section 501(c)(29) nonprofit health insurance issuers, and controlling organizations with related entities under section 512(b)(13).

Organizations with unrelated business income of $1,000 or more must also file Form 990-T (the unrelated business income tax return) in addition to Form 990-EZ. And if your nonprofit is really tiny—with gross receipts normally $50,000 or less—you can skip the paper trail entirely and just file Form 990-N (the electronic "e-Postcard"), unless you're a supporting organization or want the credibility that comes with filing a full return. IRS Form 990-EZ Instructions 2014

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Your Form 990-EZ is due by the 15th day of the 5th month after your organization's fiscal year ends. For calendar-year organizations, that's May 15. If that date falls on a weekend or federal holiday, you get until the next business day. If your organization dissolves or terminates during the year, you still must file—the return is due the 15th day of the 5th month after liquidation.

Extensions

Need more time? Use Form 8868 to request an automatic three-month extension—no questions asked, no justification needed. That moves your deadline from May 15 to August 15 for calendar-year filers. If you still need more time, you can request an additional three months, but this second extension isn't automatic. You'll need to show the IRS "reasonable cause" for why you need until November 15. IRS Form 990-EZ Instructions 2014

Late Returns

If you miss the deadline (including any granted extension), attach a statement explaining why your return is late. Even with an explanation, expect penalties unless you can demonstrate "reasonable cause." The IRS doesn't provide a definition of reasonable cause, but examples might include natural disasters, serious illness of key personnel, or unavoidable absence of necessary records.

Amended Returns

Discovered an error on your filed return? File an amended Form 990-EZ using the version applicable to the year you're correcting. Check the "Amended return" box in Item B of the heading and complete the entire form—not just the sections you're correcting. In Schedule O, list which parts and schedules changed and explain the amendments. You can amend at any time, but you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. Remember to send a copy to any states where you originally filed to meet their charity registration requirements. IRS Form 990-EZ Instructions 2014

Final Returns

When your organization dissolves, merges, or otherwise ceases to exist, check the "Final return/terminated" box in Item B and complete Schedule N (Liquidation, Termination, Dissolution, or Significant Disposition of Assets). This alerts the IRS that you're closing shop and won't file in future years.

Key Rules for 2014

Eligibility Thresholds

To qualify for Form 990-EZ in 2014, your organization must have:

Gross receipts less than $200,000 during the tax year
Total assets less than $500,000 at the end of the tax year

Gross receipts means the total amount your organization received from all sources before subtracting any costs or expenses—contributions, program service revenue, investment income, special event proceeds, everything. Total assets is the year-end balance sheet figure without reducing for liabilities. IRS Form 990-EZ Instructions 2014

What You Must Complete

All organizations filing Form 990-EZ must complete Parts I through V, plus any required schedules. Section 501(c)(3) organizations must also complete Part VI, which covers specific tax requirements for charitable organizations. If you're filing voluntarily (perhaps because you're under the $50,000 gross receipts threshold), you still must file a complete return with all required schedules—no shortcuts allowed.

Schedule Requirements

Depending on your activities, you may need to attach additional schedules. Common ones include Schedule A (required for all 501(c)(3) organizations to document public charity status), Schedule B (listing major contributors), Schedule G (if you conducted fundraising events or hired professional fundraisers), Schedule L (transactions with interested persons), and Schedule O (supplemental information to explain answers throughout the form).

No Social Security Numbers

Because Form 990-EZ is publicly disclosed, never include social security numbers anywhere on the form, schedules, or attachments. Use EINs (Employer Identification Numbers) only.

Electronic Filing Mandate

If your organization files 250 or more returns of any type (including W-2s, 1099s, payroll tax forms) during the calendar year and has total assets of $10 million or more, you must file Form 990 (not 990-EZ) electronically. IRS Form 990-EZ Instructions 2014

Three-Year Automatic Revocation Rule

This is critical: If you fail to file for three consecutive years, the IRS automatically revokes your tax-exempt status effective on the due date of the third year's return. Once revoked, your organization may owe back taxes and must apply for reinstatement—a costly, time-consuming process.

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

First, confirm you meet the size thresholds and aren't one of the organizations that must file Form 990 regardless of size (hospitals, donor-advised fund sponsors, etc.).

2. Gather Your Financial Records

You'll need your accounting records covering the full tax year: bank statements, receipts, expense records, payroll information, and balance sheet data. Make sure your books are up to date and accurate.

3. Complete the Heading

Fill in your organization's basic information—name, address, EIN, tax year dates. Check any applicable boxes (initial return, amended return, final return, etc.).

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

Report all revenue by category (contributions, program service revenue, investment income, etc.) and all expenses (program services, management, fundraising). Calculate your net assets at the beginning and end of the year.

5. Complete Part II (Balance Sheets)

List your assets and liabilities at both the beginning and end of the year. This provides a snapshot of your organization's financial position.

6. Describe Your Programs in Part III

Summarize your program service accomplishments—what did you actually do to fulfill your tax-exempt mission? Be specific and quantify your impact where possible.

7. List Your Leadership in Part IV

Report all officers, directors, trustees, and key employees. Include their titles, hours worked, and compensation (if any).

8. Answer Questions in Part V

This section covers various compliance issues: political campaign activities, lobbying, loans to/from officers, conflicts of interest policies, and more. Answer every question—leaving blanks can result in penalties.

9. Complete Part VI (if you're a 501(c)(3))

This section deals with specific requirements for charitable organizations, including unrelated business income and private foundation status.

10. Add Required Schedules

Based on your answers, attach all applicable schedules in alphabetical order.

11. Sign and Date

An officer must sign under penalties of perjury. If you use a paid preparer, they must also sign.

12. File by the Deadline

Mail to the Ogden, Utah IRS center (address varies for foreign organizations) or file electronically if preferred.

Common Mistakes and How to Avoid Them

Leaving Lines Blank

One of the most frequent errors is leaving questions unanswered. Unless specifically instructed to skip a line, enter something—even if it's zero. An incomplete return can result in penalties and IRS requests for additional information.

Reporting Net Instead of Gross Revenue

When reporting fundraising events or gaming activities, organizations often net out the costs and report only profits. Wrong! The IRS wants to see gross receipts in one line and direct expenses in another. Netting improperly can trigger penalties.

Forgetting Required Schedules

If you answer "Yes" to certain questions, you must attach the corresponding schedule. For example, all 501(c)(3) organizations must attach Schedule A. Missing schedules make your return incomplete.

Incorrect Compensation Reporting

Part IV asks about compensation for officers, directors, trustees, and key employees. Report all compensation from your organization and related organizations—including deferred compensation and benefits. Underreporting can raise red flags.

Not Signing the Return

An unsigned return is not considered filed. Make sure an authorized officer signs under penalties of perjury. Both the officer and any paid preparer must include their contact information.

Missing the Three-Year Filing Deadline

Many small nonprofits don't realize they must file annually, even if they have little or no activity. Missing three years triggers automatic revocation of exempt status—a nightmare to fix.

Ignoring Public Disclosure Rules

Everything on your return (except parts of Schedule B for non-political organizations) becomes public record. Don't include confidential information like donor social security numbers or sensitive internal details you don't want disclosed.

Using the Wrong Version

If you're amending a prior year return, use the form version for that year—not the current year's form. Using 2014 forms to correct a 2012 return will create confusion.

Inadequate Record Retention

Keep all supporting documentation for at least three years after filing (or three years after the due date, whichever is later). The IRS can examine your return during this period, and you'll need records to substantiate your entries.

What Happens After You File

IRS Processing

After you file, the IRS processes your return and adds the information to its database. Unlike individual tax returns, the IRS doesn't send an acknowledgment letter for most 990-EZ filings unless there's a problem. No news is good news.

Public Disclosure

Within a few months of filing, your Form 990-EZ becomes available on the IRS's Tax Exempt Organization Search tool. Anyone can view and download your return.

State Requirements

Many states require nonprofits to submit Form 990-EZ as part of their charitable solicitation registration. Check your state's requirements—you may need to file copies with the state attorney general or secretary of state.

Inspection Requirements

You must make your three most recent Form 990-EZ returns (and your Form 1023 or 1024 exemption application) available for public inspection at your principal office during regular business hours. You must also provide copies upon request, either free or for reasonable copying fees. IRS Form 990-EZ Instructions 2014

IRS Inquiries

The IRS may contact you if it finds errors, inconsistencies, or missing information. Common issues include math errors, incomplete schedules, or answers that don't align with other information in the return. Respond promptly to any IRS correspondence.

Impact on Donors

Some donors research organizations before giving. A complete, well-prepared Form 990-EZ can inspire donor confidence. Conversely, a sloppy return or failure to file can cost you donations.

Penalties for Late Filing

If you filed late without reasonable cause, expect a penalty notice. For smaller organizations, the penalty is $20 per day up to the lesser of $10,000 or 5% of gross receipts. For organizations with gross receipts over $1 million, it's $100 per day up to $50,000. IRS Form 990-EZ Instructions 2014

Planning for Next Year

Use your filed return as a starting point for next year's preparation. If you struggled with certain sections, improve your record-keeping systems. If you're approaching the $200,000/$500,000 thresholds, start preparing to file Form 990 instead.

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

No, you're not required to file Form 990-EZ if your gross receipts are normally $50,000 or less. Instead, you must file Form 990-N (the electronic e-Postcard), which takes about 10 minutes online. However, you may voluntarily file Form 990-EZ if you want to provide more detailed financial information to the public or meet a state filing requirement. "Normally" means your average gross receipts over the most recent three-year period. IRS Form 990-EZ Instructions 2014

Q2: We're a church. Do we have to file?

No. Churches, integrated auxiliaries of churches, and certain church-affiliated organizations are not required to file Form 990-EZ or any annual information return. However, if your church operates an unrelated trade or business with gross income of $1,000 or more, you must file Form 990-T to report that income.

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Yes. If you've applied for recognition of tax-exempt status (filed Form 1023 or 1024) but haven't received your determination letter yet, file Form 990-EZ and check the "application pending" box in Item B of the heading. This shows you're operating as an exempt organization in good faith. Filing won't hurt your exemption application—in fact, not filing could endanger your exempt status if granted.

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Use the 2014 Form 990-EZ for any fiscal year that began in 2014. So if your fiscal year ran from July 1, 2014 to June 30, 2015, use the 2014 form and file by November 15, 2015 (the 15th day of the 5th month after your year ended).

Q5: Do we need to file in every state where we solicit donations?

It depends on state law. Many states require charitable organizations soliciting donations from their residents to register and file annual reports—often accepting Form 990-EZ as the financial statement. Check the requirements for each state where you actively fundraise. The IRS has compiled state filing information in Appendix G of the instructions.

Q6: Can we file electronically, and is it required?

Yes, you can file Form 990-EZ electronically through an IRS-approved e-file provider. Electronic filing is faster, more accurate (software catches errors), and results in faster processing. However, it's only required if you file 250+ returns of all types annually AND have $10 million+ in assets—in which case you'd need to file Form 990, not 990-EZ. IRS Form 990-EZ Instructions 2014

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

You can file an amended return at any time, even years later. However, you must make the amended return available for public inspection for three years from the filing date or three years from when the original was due, whichever is later. If the error affected your exempt status or caused you to owe taxes, amend as soon as possible. For minor errors that don't affect your tax status, consider whether the time and expense of amending is worthwhile.

Source: All information derived from official IRS Form 990-EZ Instructions for 2014 available at IRS.gov.

‍

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Extensions

Late Returns

Amended Returns

Final Returns

Key Rules for 2014

Eligibility Thresholds

What You Must Complete

Schedule Requirements

No Social Security Numbers

Electronic Filing Mandate

Three-Year Automatic Revocation Rule

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

2. Gather Your Financial Records

3. Complete the Heading

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)

5. Complete Part II (Balance Sheets)

6. Describe Your Programs in Part III

7. List Your Leadership in Part IV

8. Answer Questions in Part V

9. Complete Part VI (if you're a 501(c)(3))

10. Add Required Schedules

11. Sign and Date

12. File by the Deadline

Common Mistakes and How to Avoid Them

Leaving Lines Blank

Reporting Net Instead of Gross Revenue

Forgetting Required Schedules

Incorrect Compensation Reporting

Not Signing the Return

Missing the Three-Year Filing Deadline

Ignoring Public Disclosure Rules

Using the Wrong Version

Inadequate Record Retention

What Happens After You File

IRS Processing

Public Disclosure

State Requirements

Inspection Requirements

IRS Inquiries

Impact on Donors

Penalties for Late Filing

Planning for Next Year

FAQs

Q1: Our organization had only $30,000 in gross receipts. Do we still need to file Form 990-EZ?

Q2: We're a church. Do we have to file?

Q3: Can we file Form 990-EZ even if we haven't received our IRS determination letter yet?

Q4: What if our fiscal year runs from July 1 to June 30? Which form do we use?

Q5: Do we need to file in every state where we solicit donations?

Q6: Can we file electronically, and is it required?

Q7: What if we made a mistake on a return filed three years ago—is it too late to amend?

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Frequently Asked Questions

Related Articles

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

Form 990-EZ: Your Guide to the Short Form Return of Organization Exempt From Income Tax (2014)

What the Form Is For

When You’d Use It (Late/Amended Filings)

Standard Filing Deadline

Extensions

Late Returns

Amended Returns

Final Returns

Key Rules for 2014

Eligibility Thresholds

What You Must Complete

Schedule Requirements

No Social Security Numbers

Electronic Filing Mandate

Three-Year Automatic Revocation Rule

Step-by-Step Filing (High Level)

1. Determine Your Eligibility

2. Gather Your Financial Records

3. Complete the Heading

4. Fill Out Part I (Revenue, Expenses, and Changes in Net Assets)