Nonprofit Return Preparation (Form 990)
Our team understands that Form 990 filings are more than regulatory requirements—they are
public documents that shape how donors, grantmakers, regulators, and the community view your organization. We help ensure your filings tell the right story.
Return Preparation for Nonprofits
Presti & Naegele partners with nonprofit organizations to prepare and file the full range of
IRS Form 990 returns, ensuring technical compliance while using each filing as a strategic tool
to demonstrate financial integrity, mission impact, and strong governance.
What Is Form 990 Used For?
Form 990 is used by tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations to provide the IRS with an overview of their financial and operational information. But beyond regulatory compliance, Form 990 plays a key role in public transparency, donor trust, and organizational credibility. It offers insight into your nonprofit's mission, governance, programs, and use of funds.
At Presti & Naegele, we ensure your Form 990 communicates the full story of your impact—clearly, accurately, and confidently.
Our Form 990 Services Include
Form 990-N (e-Postcard)
For smaller or newly formed nonprofits
Presti & Naegele assist organizations with gross receipts normally $50,000 or less in meeting
annual filing requirements through the IRS e-Postcard system.
Key benefits:
- Confirmation of required organizational details
- Assurance of continued tax-exempt status
- Protection against automatic revocation due to missed filings
Common clients:
- Small community organizations
- Volunteer-run nonprofits
- New nonprofits with limited activity
Form 990-EZ (Short Form Return)
For growing nonprofits
Organizations with gross receipts under $200,000 and total assets under $500,000 often file
Form 990-EZ. We ensure accurate reporting while enhancing clarity and public transparency.
What we focus on
- Clear presentation of revenues and expenses
- Accurate balance sheet reporting
- Thoughtful descriptions of program accomplishments
- Governance and compliance disclosures
- Executive compensation reporting, where applicable
This filing is publicly available and often reviewed by donors and funders—we help ensure it
reflects your organization appropriately.
Form 990 (Long Form Return)
For larger and more complex organizations
Nonprofits with gross receipts of $200,000 or more or assets of $500,000 or more require
the full Form 990. Our professionals manage these filings with precision and strategic insight.
Our approach includes
- Detailed financial statement reporting
- Program service revenue and expense analysis
- Executive and key employee compensation disclosures
- Governance policy reporting, including conflict-of-interest and whistleblower policies
- Review of related-party transactions
- Fundraising and grant activity disclosures
Because Form 990 is the primary transparency document reviewed by grantmakers, charity
watchdogs, and regulators, accuracy and presentation are critical.
Form 990-PF (Private Foundations)
Specialized compliance for private foundations
All private foundations must file Form 990-PF, regardless of size. Presti & Naegele provides ex-
perienced guidance through the unique requirements that apply to foundations.
Our services address
- Investment income reporting
- Grant and distribution disclosures
- Minimum distribution requirement calculations
- Compliance with excise tax rules
- Monitoring of self-dealing, excess business holdings, and payout regulations
ANNUAL CHAR FILINGS
Presti & Naegele helps nonprofits stay compliant and stress-free by managing their charitable
registration and annual CHAR filings from start to finish. We identify the states where each
client is required to register based on their fundraising activities, track renewal deadlines, pre-
pare and submit all required state forms and attachments (including Form 990), and handle
exemption filings when applicable. Our team monitors regulatory changes, resolves state no-
tices, and ensures filings are accurate and timely—allowing nonprofit leaders to focus on their
mission while we protect their good standing and fundraising ability nationwide.
Who Must File a 990 with the IRS?
Most tax-exempt organizations are required to file some version of Form 990 with the IRS annually. This includes:
- Charitable organizations
- Private foundations
- Religious organizations (in some cases)
- Political organizations and action committees
Our team helps determine the correct filing type for your organization and ensures you're meeting every IRS expectation by your
Form 990 due date.
More Than Compliance: Strategic, Long-Term Benefits
When you partner with Presti & Naegele for your nonprofit tax needs, you're getting more than a routine filing service. You're gaining:
- Donor trust through public transparency
- Grant eligibility with properly reported financial data
- Board and stakeholder clarity with clean, detailed reporting
- Avoidance of penalties by meeting IRS filing deadlines and requirements
- Peace of mind knowing every figure and footnote is handled by expert nonprofit accountants
Who Completes the IRS Form 990?
While some organizations attempt to handle Form 990 in-house, the truth is this form is one of the most complex and sensitive tax documents a nonprofit will ever file. At Presti & Naegele, our team of experienced CPAs, tax professionals, and nonprofit specialists complete your IRS Form 990 with precision, ensuring both technical accuracy and mission-driven messaging. We work with:
- Nonprofit Executive Directors
- CFOs and Controllers
- Board Members
- Development Teams
- Grantmakers and Advisors
Why Choose Presti & Naegele for Form 990 Filing?
Not all accounting firms are created equal. Presti & Naegele stands out for our:
- 40+ years of experience in complex tax filings and nonprofit compliance
- A team of 60+ skilled professionals, including CPAs, MBAs, and tax experts
- Deep expertise across Form 990 instructions, schedules, and exceptions
- Tailored, white-glove support with multi-office accessibility across New York, Stamford, and Long Island
- A track record of serving mission-driven organizations with integrity and excellence
We don’t just file your 990—we help you use it as a tool for growth, visibility, and compliance.
What Happens If a Nonprofit Does Not File Form 990?
Failure to file Form 990 for three consecutive years can result in automatic revocation of your organization’s tax-exempt status. Even a single missed deadline can trigger penalties and loss of donor confidence.
We make sure that never happens. Presti & Naegele provides deadline tracking, proactive notifications, and ongoing support to keep your organization in good standing—year after year.
The Ongoing Benefits of Partnering with Presti & Naegele
Long after your Form 990 is filed, you’ll continue to reap the rewards of our services:
- Year-round access to our team for tax strategy and nonprofit accounting
- Improved internal controls and fiscal clarity
- Enhanced donor relations with transparent financial reporting
- Increased confidence for your board, team, and funders
- Protection from IRS audits and penalties
Serving Clients Nationwide
Frequently Asked Questions (FAQs)
1. What are the Form 990 filing requirements for nonprofits?
Most tax-exempt organizations with gross receipts of $200,000 or assets of $500,000 must file Form 990. Smaller organizations may file Form 990-EZ or 990-N. Presti & Naegele evaluates your exact circumstances and ensures compliance with the latest Form 990 filing requirements.
2. When is the Form 990 due date?
Form 990 is typically due on the 15th day of the 5th month after your organization’s fiscal year ends. For example, if your fiscal year ends December 31, your Form 990 due date is May 15. We track your deadlines and handle all necessary extensions to ensure timely filing.
3. What is Form 990 Schedule A and who needs it?
Schedule A provides information on your organization’s public charity status and public support. It's required for most organizations that file Form 990 or 990-EZ. Presti & Naegele ensures your Schedule A is completed with accuracy, protecting your public charity designation.
4. What is reported on Form 990 Schedule B?
Schedule B lists major donors who contribute above IRS-defined thresholds. Depending on the organization, donor names may need to be disclosed. We help you navigate privacy concerns and compliance around Schedule B.
5. Can Presti & Naegele help us with prior year corrections or amended Form 990 filings?
Absolutely. Whether you're correcting previous filings or responding to IRS inquiries, our team is well-versed in amended Form 990 procedures and ready to help resolve any issues quickly and correctly.
For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!
Private Foundation- Website Form
CLIENT REVIEWS
WHAT OUR CLIENTS ARE SAYING
I have had my business for more than 10 years and struggled through several *truly awful* accountants in the early years. I found Presti & Naegele about five years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live. Donald Sager brings me confidence, peace and calm in an area of the business that would otherwise be stressful. He knows what he's doing and is always extremely responsive and ready with a plan of action and to explain anything at all. I am so grateful for him!
Eager to collaborate with Presti & Naegele?
We welcome the opportunity to understand your financial needs and tailor solutions for success. Join our distinguished clientele who have experienced the excellence of our services. Let's embark on a journey toward financial prosperity together.
