Nonprofit organizations work tirelessly to make a difference—and staying compliant with tax regulations is essential to keeping that mission alive. At SAI CPA Services, we’re here to support you every step of the way.
Here’s what you need to know as May 15, 2025 approaches:
1. Form 990 Filing Deadline
Most tax-exempt organizations must file IRS Form 990, 990-EZ, or 990-N by May 15.
The form you need depends on your annual gross receipts and total assets.
2. Avoid Penalties
Missing the deadline can lead to daily penalties of up to $100 (depending on your organization’s size).
If you fail to file for three consecutive years, the IRS may revoke your tax-exempt status.
3. Know Which Form You...
Nonprofit organizations work tirelessly to make a difference—and staying compliant with tax regulations is essential to keeping that mission alive. At SAI CPA Services, we’re here to support you every step of the way.
Here’s what you need to know as May 15, 2025 approaches:
1. Form 990 Filing Deadline
Most tax-exempt organizations must file IRS Form 990, 990-EZ, or 990-N by May 15.
The form you need depends on your annual gross receipts and total assets.
2. Avoid Penalties
Missing the deadline can lead to daily penalties of up to $100 (depending on your organization’s size).
If you fail to file for three consecutive years, the IRS may revoke your tax-exempt status.
3. Know Which Form You Need
Form 990-N (e-Postcard): Gross receipts normally ≤ $50,000
Form 990-EZ: Gross receipts < $200,000 and total assets < $500,000
Form 990: Gross receipts ≥ $200,000 or total assets ≥ $500,000
4. Request an Extension (If Needed)
Use Form 8868 to request a 6-month extension—before the May 15 deadline.
Remember, this is only an extension to file, not to pay if any tax is due.
Let SAI CPA Services Help
Our nonprofit specialists provide accurate, timely filing support.
We ensure your filings reflect your mission and maintain your good standing with the IRS.
Focus on your cause—we'll handle the numbers.
Don't let paperwork derail your purpose.
Contact SAI CPA Services today and meet your May 15 deadline with confidence!
Let’s keep your nonprofit thriving—compliant, transparent, and mission-focused.
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NJ 08816
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