When a tax exempt organization files its Form 990 or 990EZ, the tax return is public information (typically accessible through the internet) and must be available for public inspection for a three year period beginning with the due date (including extensions) of the tax return. This includes all schedules and attachments to the tax return, with one exception, Schedule B.
Schedule B of Form 990 requires a tax exempt organization to disclose to the IRS, the name, address, and amounts of all donors (including Federal and State agencies) who give either at least $5,000 or more than 2% of the organization’s total contribution income (whichever is greater). However, this Schedule B detailed information is not required to be available for public inspection, unless the tax exempt organization is either a private foundation or a political organization.
For questions or assistance in preparing the information needed to be disclosed on Schedule B, contact us.