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More Details, Please …

Newly redesigned Form 990 proves taxing for nonprofit shelters filing with the IRS

Each year, while millions of Americans slave over their Forms 1040, nonprofit animal shelters are working on their Forms 990.

The annual return that certain federally tax-exempt organizations have to file with the Internal Revenue Service (IRS) underwent a major redesign in 2007. The process has gotten a little more complicated for nonprofits, and that has some shelter administrators scrambling to get up to speed on the changes.

The form provides the IRS and the public with a window into an organization’s mission, programs, and finances.

With some exceptions, federally tax-exempt nonprofits that have incomes of more than $25,000 have to file a Form 990. So do all 501(c)(3) private foundations, no matter their income level.

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