Form 990 Schedule B Filing Instructions
Schedule of Contributors
Schedule B for Form 990/990-EZ/990-PF - Schedule of Contributors
- Updated August 14, 2023 - 2.00 PM - Admin, Tax990
Organizations that file Form 990, 990-EZ, or 990-PF may be required to attach Schedule B to report additional information about contributions in accordance with IRS filing requirements.
Here, you can find more information about Schedule B, its filing requirements, and more.
Table of Contents
What is the Purpose of Form 990 Schedule B?
Schedule B is used by nonprofit organizations to report details regarding the contributions they received during the corresponding tax year.
This provides the IRS with a detailed breakdown of contributions reported by the organizations on their Form 990, Form 990-EZ or Form 990-PF.
Who must File Form 990 Schedule B?
The organizations that are required to complete Schedule B must meet either the 'General Rule' or one of the 'Special Rules’'
General Rule:
Organizations that are required to e-file Form 990-PF, 990-EZ, or 990-PF and have received contributions of $5,000 or more from any one contributor during the tax year - Should Complete Part I and Part II.
Special Rules:
Section 501(c)(3) organizations that are required to e-file Form 990 or 990-EZ while meeting 33 ⅓ % support test and have received $5000 or 2% of the total contributions (whichever is greater) from any one contributor - Should Complete Part I and II.
Section 501(c)(7), (8), or (10) organizations that are required to file Form 990 or 990-EZ and have received contributions of more than $1,000 from any one contributor specifically for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals - Should Complete Part I, II, and III.
Section 501(c)(7), (8), or (10) organizations that are required to e-file Form 990-EZ or 990 and have received contributions of less than $1,000 from any one contributor specifically for religious, charitable, and similar purposes - Should enter the amount and complete the parts only upon meeting the general rule.
How to Complete Schedule B for Form 990/990-EZ/990-PF?
In Schedule B, there are 3 parts that each requires the organizations to provide details regarding the contributions they received.
Part I - Contributors
Part II - Noncash Property
Part III - Exclusively religious, charitable, etc.
The requirements for completing these parts will depend on the rule that is applicable to your organization.
Part I - Contributors
In this part, you are required to report details regarding the contributors who contributed $5000 or more as contributions, grants, bequests, devises, and gifts of money or property to your organization. This includes:
- Name and Address
- Total contributions
- Type of contribution (Person, payroll, Noncash)
Organizations other than Section 501(c)(3) organizations (including section 4947(a)(1) nonexempt charitable trusts and nonexempt private foundations described in section 6033(d)), and section 527 political organizations are not required to report the names and addresses of the contributors and can enter “N/A” instead.
Note:
Contributors can be individuals, fiduciaries, partnerships, corporations, associations, trusts, exempt organizations, or governmental units.
Part II - Noncash Property
This part requires you to report the information regarding the noncash properties received by your organization as contributions during the tax year.
The details required to be reported in this part include:
Description of the property
Fair Market Value (FMV) of the property
Date when the property was received
Part III - Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor
This part requires you to report contributions (more than $1000) received by your organizations exclusively for religious, charitable and other related purposes.
Here are the details you need to enter:
Purpose of gift
Use of gift
Description of how the gift is held
Transfer of gift (If you have transferred the gift to another organization)
- Transferee’s name, address, and ZIP
- Relationship between transferor and transferee
Tax 990 Includes Schedules B with your 990 Form for Free!
When you e-file with Tax 990, our system will automatically include Schedules B with your form, based on the information you provide at no extra cost.
Apart from that, here are a few more exclusive features of Tax 990 that make your 990 filings easier than ever.
Form-Based and Interview-Style filing options to fill out forms.
Bulk upload templates to import contributions and grants’ data.
Built-in error check to ensure accurate 990 returns.
US-based support team to assist with your questions via live chat, phone, and email.
