Who Needs Form 990 Schedule D?
This form is used as an addendum to the IRS Form 990 in case the organization answers “Yes” on Form 990, part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a or 12b.
What is the Purpose of Form 990 Schedule D?
The main purpose of the form is to provide information about an organization’s activities connected with donor advised funds, conservation easements, certain art and museum collections, escrow or custodial accounts, endowment funds and other additional financial information.
What Other Documents Must Accompany Schedule D?
The Supplemental Finance Statement is a part of Form 990. It is completed if there is a need. In some cases, the organization may need to file other forms, such as Form 926, Form 3520, Form 5471, Form 8621, Form 8865 or Form 5713.
When is Schedule D Due?
This Schedule should be submitted with Form 990 by the 15th day of the 5th month after the end of the organization’s fiscal year.
What Information Should be Provided in Schedule D?
The authorized person will add the following:
- Name of the organization
- Employer’s identification number
- Information about donor advised funds and other accounts of organization
- Information about the conservation easements
- Financial information about organizations maintaining collections of art, historical treasures, or other assets
- Information about escrow and custodial arrangements
- Information about endowment funds
- Information about land, buildings and equipment
- Details of other investment securities, assets and liabilities
- Information about reconciliation of revenue and expenses
- Supplemental information
Where do I Send Schedule D after its Completion?
The completed Schedule together with form 990 is filed with the IRS.
