GuideStar Urges IRS to Take Time on Form 990 Revision :: PNNOnline ::

GuideStar Urges IRS to Take Time on Form 990 Revision :: PNNOnline ::: "GuideStar Urges IRS to Take Time on Form 990 Revision Posted by: GuideStar on Tuesday, September 25, 2007 Topic Expert Opinion
GuideStar, the leading provider of nonprofit information, submitted its comments on the draft revision of IRS Form 990 to the IRS.

Form 990 is an information return that most secular exempt organizations with incomes above $25,000 are required to file annually with the IRS. “GuideStar’s comments are based on our role as a provider of nonprofit data—only some of it from the 990—to a broad array of users,” said Bob Ottenhoff, GuideStar’s president and CEO. “Our users include individuals, board members, media, and service providers, as well as highly sophisticated nonprofit experts. From our perspective, the data found in the 990 are often confusing and misleading. It is also important to remember that the 990 is only one way people learn about a nonprofit organization, since there is a growing marketplace of voluntary disclosures.” Rather than providing a line-by-line analysis, GuideStar’s comments on the draft 990 focus on the larger picture and present four key points:"