This document provides an overview and explanation of key parts of the IRS Form 990 questionnaire. It discusses the differences between the full Form 990 and Form 990-EZ. It then reviews various sections of the questionnaire including program accomplishments, required schedules, governance, compensation, and financial reporting. Tips are provided for completing the questionnaire accurately and consistently with prior years. The document concludes with a list of specific information and documents needed from the organization to complete the Form 990 filing.

1. Understanding the SKC 990
Questionnaire
By: Lindsey Curfman
Client Accounting Manager

2. 990 EZ vs. Full 990

3. Part I Summary (Page 1 of 990)
• Line 1: Briefly describe the organization’s mission or
most significant activities
– Can be more descriptive than the mission statement

4. Part III Program Service Accomplishment (Page 2)
• Line 1: Board approved mission statement
• Line 2-3: Significant Changes during the year. If yes,
what changes were made
• Line 4: Program service accomplishments for all
program areas:
– Brag on yourself
– What impact did you have
– Include numerical data (people served, # of services provided,
volunteer hours, etc.)

5. Part IV Checklist of Required Schedules (Page 3-4)
• Line 4: Did you lobby?
• Line 10: Do you have endowments?
• Line 12: Did you have an audit?
• Line 15-16, 21-22: Did you grant or give assistance of
$5,000 or more?
• Line 18: Did you have a special event with gross income
over $15,000
• Line 25-28: Were there any related party transactions?

6. Part IV Checklist of Required Schedules (Page 3-4)
• Line 34: Was the organization related to any tax-exempt
or taxable entity?
– Relationships:
• Parent/subsidiary
• Brother/sister
• Sponsoring organization of/or contributing employer to a VEBA
• Supporting/supported organization
– Entity is or has control and ability to make decisions or electing
board members

7. Part V Statement Regarding Other IRS Filing and Tax
Compliance (Page 5)
• Line 1-2: Did you file your 1099s and W2s?
• Line 3: Did you have any unrelated business income and
did you file a 990T?
• Line 7: Did the organization receive a payment in excess
of $75 made partly as a contribution and partly for goods
and services provided to the payer?

8. Part VI Section A – Governing Body and Management
(Page 6)
• Line 1: Number of voting members at the end of your
fiscal year and how many were independent?
• Line 2: Any family or business relationships?
• Line 4: Any significant changes to governing documents?
• Line 6-7: Members or stock holders?
– Stock holders: Not applicable for SKC clients
– Members: Non-board members who elect board members and/or
approve board
• Line 8a: Were minutes taken at board meetings?
• Line 8b: Were minutes taken at committee meetings?

9. Part VI Section B – Policies (Page 6)
• Line 11: How will the 990 be reviewed by the board?
• Line 12: Is there a conflict of interest policy and how is it
monitored?
• Line 13: Is there a whistleblower policy?
• Line 14: Is there a document retention and destruction
policy?
• Line 15: How is compensation determined for the CEO
and other top management?

10. Part VI Section C – Disclosure (Page 6)
• Line 18-19: How can someone access your 990 and
financial documents
– Best practice for 990 to be on your website
• Line 20: Who possesses the books? Not SKC.

11. Part VII Compensation Section A (Page 7-8)
• List of board members during the year
– Make note if they did not serve all of the year
• How many hours a week devoted to their position
• Reportable compensation
– W2 or 1099 wages
– W2 or 1099 wages from related organization
– Other compensation: Health and retirement benefits

12. Part VII Compensation Section A (Page 7-8)
• Individual trustee/director – Board member
• Institutional trustee – Not a person
• Officer – President, VP, Treasurer, Secretary, ED
• Key Employee – $150,000 in reportable compensation
• High Compensated Employee – Non-director who had
over $100,000 in reportable compensation and passes
some test

13. Part VII Compensation Section B (Page 7-8)
• Did any independent contractors make more than
$100,000 during the year?

14. Part XII Financial Statement Reporting (Page 12)
• Line 2a: Did you have a review?
– SKC does not qualify
• Line 2b: Did you have an audit?
• Line 2c: If yes to a or b do you have a committee to
oversee the review or audit?
• Line 3: Did you have a single audit?

15. Taking a look at the questionnaire

16. Schedule A and B – Donor Advised Funds (DAF)
• DAF Examples
– GKCCF
– American Online Giving Foundation
– Bank of America Charitable Gift Fund
– Catholic Community Foundation
– Fidelity Charitable Gift Fund
– Schwab Charitable Fund
– Jewish Community Foundation
– The Signatry

17. Schedule A and B – Donor Advised Funds (DAF)
• Report total for each DAF
– Example:
• GKCCF Smith Family Foundation $1,000
• GKCCF Curfman Family Foundation $4,000
• Schedule A and B Reports – GKCCF $5,000
• Donors from multiple sources reported separately
– Example:
• Lindsey Curfman $5,000
• GKCCF Curfman Family Foundation $5,000
• Schedule A and B Reports – GKCCF $5,000 and Lindsey Curfman
$5,000

18. Schedule A
• Schedule A – Public Charity Status and Public Support
– Are you supported by the public?
– Database or consistent method for tracking donors
– Contributions: monetary or in-kind goods
• FMV not included

19. Schedule A
• Schedule A – Public Charity Status and Public Support
– Part II:
• 5 year rolling total for largest contributors
• DAF’s and public charities and government agencies are excluded

20. Schedule A
• Schedule A – Public Charity Status and Public Support
– Part III –
• Major donors from inception
• Substantial Contributors
– Once a substantial contributor always disqualified
– Gave more than 2% of total contributions to the organizations
• Disqualified persons – Any person who is in a position to exercise
substantial influence over organization and supporting organization.
– Examples: Board members, CEO, CFO, DAF
– Includes, family of disqualified persons or entities controlled by
disqualified persons
– Only excluded for as long as they server or have control over the
organization.
– No threshold for donations

21. Schedule B
• Schedule B – Schedule of Contributors
– Listing of largest donors
– Donors over $5,000 or 2% of total contributions for the year
(which ever is larger)
– Contributions: monetary or in-kind goods
• FMV not included
– Address of donors

22. Tips for Filling Out Questionnaire
• Review last years questionnaire and 990 as you are
filling it out.
• Are you consistent between years?
• Use the help or reach out to 990 preparer if you don’t
know what the question is asking.

23. List of items SKC needs
• Completed 990 questionnaire
• Program services accomplishments
• Listing of board members and hours per week devoted
to their position
• Donors over $5,000 with addresses
• Listing of all donations disqualified persons (no
threshold) - Schedule A Part III

24. QUESTIONS?