Form 990: A Game-Changer for Strategic Boards

Ideas & Perspectives
Ideas & Perspectives

Volume 39

No. 3//

March 3, 2014

In 2008, the IRS issued important changes to Form 990 that have important Board implications—especially concerning compensation for the School Head. Required for most nonprofit organizations, Form 990 is designed to report annual information concerning financials, programmatic achievements, executive compensation, and governance policies. The form is intimidating—but compliance is mandatory. Every Board member must understand the critical aspects of the form.
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