My organization has members with voting rights. Should I report them in Form 990?
27 views | Last modified 6/10/2020 7:23:05 AM EST | Added by ExpressTaxExempt Team

Applicable To
990-PF 990-N 990-EZ 990 8868 1120-POL

If your organization has membersstockholders, or other persons with voting rights to elect or appoint one or more members of the governing body, then the organization must report those members while filing Form 990.

The members with the voting power in an organization are provided with the following rights.

  1. Can elect the members of the governing body or their delegates
  2. Can approve significant decisions of the governing body in the organization.
  3. Can receive a share of the organization's profits or excess dues or a share of the organization's net assets upon the organization's dissolution

Here's how to report members with voting rights while filing Form 990 in ExpressTaxExempt:

  1. Log into your ExpressTaxExempt account.
  2. On the dashboard, click on the "Start New Return" button.
  3. Select the "Tax Year" and "Form 990" option on the list of Federal Return.
  4. Enter your organization details and click "Next."
  5. In the "Organization Tax Year" page, select the tax year calendar or fiscal, for which you want to file the information return. Once done, the subsequent steps will be to fill the actual parts of the form.
  6. Under the Governance, Management, and Disclosure section, click "Start" in Stockholders.
  7. Select "Yes" and click on the Add person button to enter the class of the member and the rights imposed on the member.
  8. Click Next and follow the subsequent steps as prompted.
  9. Review the details, Pay, and click the Transmit button to transmit your return to the IRS.

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