What you should know about 990 EZ Schedule O
- Schedule O Form 990 is used for narrative information required in Form 990.
- Organizations must complete required information on Form 990 or 990-EZ before using Schedule O Form 990.
- The narrative provided in Schedule O should refer and relate to a specific line and response on the form.
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How to prepare 990 EZ Schedule O
About Form 990 (Schedule O)
Form 990 (Schedule O) is an attachment to Form 990 that provides additional information about the organization's activities, governance, and compliance with tax laws. It includes information about the organization's mission, programs, and accomplishments, as well as details about the organization's board members, employees, and compensation. Non-profit organizations that file Form 990 are required to file Schedule O if they have made certain disclosures on their Form 990, such as reporting related-party transactions or engaging in excess benefit transactions with insiders. The schedule is also required for organizations that file Form 990-EZ or 990-PF. Schedule O is an important tool for transparency and accountability in the non-profit sector, as it helps the public and regulators understand how non-profit organizations operate and ensure that they are complying with tax laws.