Instructions for IRS Form 990, 990-EZ Schedule G Supplemental Information Regarding Fundraising or Gaming Activities

IRS Form 990 Schedule G Supplemental Information Regarding Fundraising or Gaming Activities

This document contains official instructions for IRS Form 990 Schedule G and IRS Form 990-EZ Schedule G . Both forms are released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 990 Schedule G is available for download through this link.

FAQ

Q: What is IRS Form 990?A: IRS Form 990 is a tax form that certain organizations must file to provide financial information about their operations.

Q: What is IRS Form 990-EZ?A: IRS Form 990-EZ is a simplified version of Form 990 designed for smaller organizations with less complicated financial situations.

Q: What is Schedule G?A: Schedule G is a supplemental form that provides information about fundraising or gaming activities conducted by an organization.

Q: Who needs to file Schedule G?A: Organizations that engage in fundraising or gaming activities and file Form 990 or Form 990-EZ must also file Schedule G.

Q: What information is required on Schedule G?A: Schedule G requires organizations to provide details about their fundraising events, including revenues, expenses, and the use of outside contractors.

Q: Does every fundraising event need to be reported on Schedule G?A: No, Schedule G only needs to include information for fundraising events that meet certain criteria set by the IRS.

Q: What are some examples of gaming activities?A: Gaming activities can include bingo games, casino nights, raffles, and other similar events or games of chance.

Q: What happens if an organization fails to file Schedule G?A: Failure to file Schedule G or providing inaccurate information can result in penalties or the loss of tax-exempt status for the organization.