What is included in reportable compensation on Form 990?

Base salary/wages/fees deferred (nontaxable) Bonus deferred (not taxable in current year) Incentive compensation deferred (not taxable in current year) • Contributions (employer) to qualified retirement plan. Amounts deferred by employer or employee under section 457(b) or 457(f) plan (not substantially vested)

What is program service revenue examples?

Examples include a private school charging tuition, a community theater charging admission, and a youth baseball league charging a participation fee. Even though program revenue is similar to income received by a commercial business, it isn’t taxable due to the connection with the mission of the nonprofit.

What is a program service accomplishment?

Program services are activities that are conducted by the organization, which serves the organization’s exempt purpose. The organization’s top three program services in terms of the highest revenue should be listed in a detailed manner as the program service accomplishments.

What are nontaxable benefits on a 990?

Column (D). Nontaxable benefits are benefits specifically excluded from taxation under the Internal Revenue Code. Report the value of all nontaxable benefits provided to or for the benefit of the listed person, other than benefits disregarded for purposes of section 4958 under Regulations section 53.4958-4(a)(4).

What is considered reportable compensation?

Reportable compensation generally means compensation reported in Box 1 or 5 (whichever amount is greater) of the employee’s Form W-2PDF, or in Box 1 of a non-employee’s Form 1099-NECPDF. Other compensation generally means compensation that is not reportable compensation.

What is considered other compensation?

Term Definition. Other compensation can include educational assistance, non-production cash bonuses and medical reimbursement accounts, which are not addressed by the FLSA (Fair Labor Standards Act). Extended Definition. Compensation received by an employee can be divided under two categories-reportable and other.

What is considered program service revenue on 990?

Program service revenue (Line 2) income may include income from an unrelated business activity, that is, an activity that is not related to the filer’s exempt purposes (other than in providing income to support such purposes).

What are examples of program expenses?

program expenses—expenses directly related to carrying out your nonprofit’s mission, and that result in goods or services being provided–for example, expenses to teach a class, put on a performance, provide health care, or deliver food or clothing to the indigent.

What are program service accomplishments for 990?

The program service accomplishment in Form 990-EZ requires the organization to explain the charitable programs held by the organization. In addition, the organization has to describe the three largest programs held in terms of expenses during the tax year.

What is program service revenue on 990?

Program Service Revenue – Revenues received by an organization while charging for the services for which it received tax-exemption.

What are nontaxable benefits?

Bonuses, company-provided vehicles, and group term life insurance (with coverage that exceeds $50,000) are considered taxable fringe benefits. Nontaxable fringe benefits can include adoption assistance, on-premises meals and athletic facilities, disability insurance, health insurance, and educational assistance.

What salaries are listed on 990?

The Form 990 requires disclosure of the compensation of all officers, directors, trustees, key employees and the five highest paid employees (not included in the preceding group) who received more than $100,000 in compensation from the organization and any related organizations during the year.