Many non-profit organizations supplement their gross income by holding fundraising events.  If your organization spends more than $15,000 during the tax year on professional fundraising services, has more than $15,000 of gross fundraising income, or has more than $15,000 of gross gaming income, you must attach Schedule G to the Form 990.

If your organization spends more more than $15,000 during the year on professional fundraising services then Part I of Schedule G must be completed.  Here you must list the method(s) of raising funds, and the names, addresses, and amounts paid for each professional fundraiser, as well as list all of the states in which the organization is registered to solicit contributions.

If your organization has more than $15,000 of gross fundraising income then Part II of Schedule G must be completed.  Here you must list gross receipts, cash and noncash prizes, cost of rent, cost of food and beverages, entertainment, and all other direct expenses for each of the top two fundraisers, and for all other fundraisers in total.

If your organization has more than $15,000 of gross gaming income then Part III of Schedule G must be completed. Here you must list the gross revenue and types of expenses for various types of gaming, as well as list the states that the organization is licensed to conduct gaming activities.

For questions or assistance in preparing the information needed to be disclosed on Schedule G, contact us.