Aggie Mom University
HOW TO FILL OUT YOUR IRS 990 FORM
Presented by:
Roxanne Forrest
Former Federation President 2024-2025
Treasurer 2021-2022
IRS 990
• WHAT IS IT? The IRS 990 is your Club’s annual Income Tax Return.
• ALL CLUBS must file a version of the Form 990 or an extension request (Form 8868) with the IRS by the 15th of October. This is not optional. If you wait until the 15th, the system may shut down.
• Please ensure you have filed BEFORE the deadline. If you have any issues, contact the Treasurer @ treasurer@aggiemoms.org for assistance or you may need to use a tax professional, such as a CPA.
IRS 990 continued…
All Clubs are required to file an IRS 990 (there are different versions based on your gross receipts)
• IRS 990-N (gross receipts of $50,000 or less)
• IRS 990-EZ (gross receipts less than $200,000 and total assets less than $500,000 at end of tax year)
• IRS 990 (one gross receipt greater than or equal to $200,000 or total assets greater than or equal to $500,000 at end of tax year)
• Most clubs have gross receipts under $50,000 and will file the 990-N (the e-postcard)
IRS 990 continued…
• CLUBS WHO DO NOT FILE BY THE OCTOBER 15th DEADLINE 3 YEARS IN A ROW WILL HAVE THEIR STATUS REVOKED
• It is a major expense with a lot of paperwork to get re-instated
• Proof that return was filed by deadline must be sent to 4thvpreports@aggiemoms.org
Click on IRS Form 990 on our website and this screen should come up
Click on ”Submit Form” to get started
FORM 990
Completing the e-Postcard (990-N) requires the eight items listed below:
1.Employer Identification Number(EIN), also known as a Taxpayer Identification Number (TIN).
2.Tax Year (this is always going to be the previous year, not the year we are currently in)
3.Legal name and mailing address
4.Any other names the organization uses (Never add another name)
5.Name and address of a principal officer
6.Web site address if the organization has one
7.Confirmation that the organization’s annual gross receipts are $50,000 or less
8.If applicable, a statement that the organization has terminated or is terminating (going out of business)
FORM 990
•A new account may need to be created if the previous Treasurer failed to leave the username/password information
•If your Club has any issues completing their 990 by the October 15th deadline, please contact treasurer@aggiemoms.org for assistance.
Send copy of confirmation to 4thvpreports@aggiemoms.org
SAMPLE
SAMPLE
TREASURER FEDERATION FORMS (ANNUAL) | |
IRS 990 | Annual Club IRS Form Due Oct 15th of each club year |
FORM B | Payment of Federation Dues and Archive Fees (Membership) Due February 1st of each club year. |
FORM T | IRS Group Exemption Due February 1st of each club year |
FORM Y | Tax Compliance Verification Due May 31st of each club year |
TREASURER FEDERATION FORMS (ANNUAL) | |
FORM E Club Determined | Donation to TAMU Student Organizations Due May 31st of each club year |
FORM G Club Determined | Scholarships Awarded by Club Members Due May 31st of each club year. |
Website | http://aggiemoms.org/forms/ |
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