New filing estimates for Form 990

Percentage of 2008 filers of 990 990-EZ.doc

Return of Organization Exempt From Income Tax Under Section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

New filing estimates for Form 990

OMB: 1545-0047

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2008 Form 990 and Form 990-EZ Filing Projections


The following information assumes that filers will file a 990-EZ if they are allowed to do so, and also assumes the following 990-EZ filing requirements:


2008   gross receipts < 1M & EOY assets < 2.5M

2009   gross receipts < 500,000 & EOY assets < 1.25M

2010   gross receipts < 250,000 & EOY assets < 500,000


In the past, the 990/990-EZ filing population has been divided about 28% 990-EZ and about 72% 990 filers.  That will change drastically with the new filing requirements.  The figures below are based on the number of returns filed for TY2005.  While the absolute numbers may increase somewhat (3 – 5% annually), the percentage breakdown between 990 and 990-EZ filers should be close to this:


TY2008 990-EZ

 

412,315

79.7%

TY2008 990

 

105,103

20.3%

 

 

 

 

TY2009 990-EZ

 

367,199

71.0%

TY2009 990

 

150,219

29.0%

 

 

 

 

TY 2010 990-EZ

 

301,221

58.2%

TY 2010 990

 

216,197

41.8%



Here are the expected percentages of 2008 Form 990/990-EZ filers who will file the following schedules for the 2008 tax year, along with the basis for the estimate:


Schedule

990-EZ

990

Basis for estimate

Sch A

68.0%

71.9%

Percentage of filers described in IRC 501(c)(3) or 4947(a)(1)

Sch B

20.4%

41.8%

Percentage of filers that filed Schedule B

Sch C

5.8%

13.0%

Percentage of filers reporting political expenditures greater than $10, plus filers answering yes to Schedule A, Part III, line 1, plus filers answering proxy tax questions in Part VI of Form 990

Sch D

n/a

63.7%

Percentage of filers reporting “other assets” in Part IV, line 58 or “other liabilities” in Part IV, line 65

Sch E

1.4%

5.0%

Percentage of filers listed as Foundation Code 11 on BMF

Sch F

n/a

1.4%

Percentage of filers that checked foreign grants checkbox

Sch G

18.4%

20.3%

Percentage of filers that checked line 9a (Form 990) or 6a (Form 990-EZ) and reported more than $15,000 in expenses

Sch H

n/a

2.0%

Percentage of filers listed as Foundation Code 12 on BMF

Sch I

n/a

17.6%

Percentage of filers that reported more than $5,000 in line 22

Sch J

n/a

1.3%

Percentage of filers that reported officer compensation greater than average officer compensation (average calculated only with respect to those with compensation greater than zero)

Sch K

n/a

2.8%

Percentage of filers that reported more than $100,000 on line 64a

Sch L

<1%

1.2%

Percentage of filers that reported more than $0 in Pt. IV, line 50a

Sch M

n/a

12.7%

Based on Guidestar data for 501(c)(3) returns only

Sch N

0.9%

0.3%

Percentage of filers that filed a final return

Sch R

n/a

28.5%

Percentage of filers that answered “yes” to line 80aPt. IV, line 50a


File Typeapplication/msword
File Title2008 Form 990 and Form 990-EZ Filing Projections
Author7djlb
Last Modified Byqhrfb
File Modified2008-05-02
File Created2008-05-02

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