ANNUAL REPORTING REQUIREMENTS FOR CHARITABLE ORGANIZATIONS

 

Designate a person who will be responsible to make sure the required reports are completed and filed before the due dates.  This person will not necessarily be responsible for completing the reports. 

 

                                    ANNUAL REPORTING REQUIREMENTS

Illinois Attorney General[1]

 

Due every year within six months of the end of year (fill in last day of f/y).  Report due:____________

 Mark the office calendar at the end of the fiscal year and begin completing AG990 IL. 

 

Illinois Secretary of State

 

 

Annual report is due every year before the date of incorporation (fill in date of  incorporation)  

 

Mark the office calendar for one or two months before this date. 

 

Internal Revenue Service

IRS Form 990[2] or 990-N[3]

 

Due every year by 15th day of 5th month after end of fiscal year ( fill in last day of fiscal year).  Date report due:____________

 

 

Mark office calendar at end of fiscal year and  begin completing IRS 990

                                   

DOES THE ORGANIZATION HAVE EMPLOYEES ?

 

If your organization has an employee or employees that are paid more than $1500 in any calendar quarter., it must file and pay withholding taxes to the IRS and the Illinois Dept. of Revenue.  The organization may want to hire a payroll service to assure that the filings and taxes are filed timely and properly. 

 

 

Internal Revenue Service

IRS Form 941

 

IRS Form 941 must be filed quarterly for each employee.

 

Mark the calendar at the beginning of each of these months- April 30, July 31, Oct. 31, Jan. 31.

Illinois Department of Revenue

 

 

IL 941 must be filed quarterly for each employee

Mark the calendar at the beginning of each of these months- April 30, July 31, Oct. 31, Jan. 31

 


[1] The filing date may be extended by submitting a written request that is received before the date the form is due.  The extension for the AG 990 IL is 60 days.   An additional extension may be granted if there is an extension granted by the IRS with a filing deadline after the Illinois Attorney General's deadline.

 

[2] Organizations with gross receipts in excess of $25,000 must file IRS Form 990.  The filing date may be extended by submitting a written request that is received before the date the form is due.  The extension for the IRS 990 is three months and the request must be on IRS form 8868. A request for an additional three month extension may be submitted, but the request must show reasonable cause why the filings are not completed.

 

[3] Beginning with fiscal year 2007, organizations with gross receipts of $25,000 or less must submit Form 990-N to the IRS.  Failure to do so for three consecutive years will result in termination of the organization’s exempt status.

 

Prepared by the Public Education Committee of the
 Illinois Attorney General’s Charitable Advisory Council.