Form 990 Accounting in Chicago
Ensure Compliance and Transparency with Expert Form 990 Preparation and Filing in Chicago
Presti & Naegele offers trusted and timely preparation of Form 990 for nonprofit organizations throughout Chicago. Whether you oversee a charitable trust, a foundation, or a nonprofit organization, our team ensures your IRS filing is accurate, compliant, and crafted to support your mission and reputation.
With a thriving nonprofit sector from the Loop to the neighborhoods, Chicago organizations benefit from a Form 990 that reflects transparency and financial stewardship—something we help deliver every time.
What Is Form 990 Used For in Chicago?
Form 990 is the standard IRS reporting form for tax-exempt organizations, 527 political groups, and charitable trusts. But in Chicago’s competitive nonprofit ecosystem, the form also serves a broader role—reinforcing trust, providing insight into your financial and operational activities, and demonstrating strong governance.
At Presti & Naegele, we ensure that every Form 990 prepared for Chicago clients is precise, informative, and aligned with your organization’s values.
Comprehensive Form 990 Services in Chicago Include:
✔ End-to-end preparation and digital filing of Form 990, 990-EZ, and 990-PF
✔ Detailed support interpreting Form 990 instructions for full compliance
✔ Expert handling of key schedules, including:
✔ Schedule A – Public support and charity classification
✔ Schedule B – Major contributors reporting
✔ Schedules C, D, G, and other relevant forms
✔ Full compliance review to meet Form 990 filing requirements
✔ Year-round consulting on nonprofit reporting and financial governance in Chicago
40+ years of celebrating the power of philanthropy by supporting our clients and their vital initiatives.
Who Must File a 990 in Chicago with the IRS?
Most tax-exempt groups in the Chicago area are required to file some version of Form 990 each year. These include:
✔ Charitable organizations
✔ Private and public foundations
✔ Religious institutions (as required)
✔ Political and advocacy groups
Our Chicago team helps you determine the right form for your organization and ensures it’s filed by your Form 990 due date to avoid penalties and maintain standing.
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 in Chicago?
Even though some nonprofits try to manage their own Form 990 filings, this form is far too complex and vital to be left to guesswork. Presti & Naegele provides trusted support to Chicago-based organizations by delivering technically accurate and mission-focused filings. We work closely with:
✔ Executive Directors and CEOs
✔ CFOs, controllers, and finance staff
✔ Board treasurers and chairs
✔ Development professionals and grant teams
✔ Donor advisors and compliance consultants
Why Choose Presti & Naegele for Form 990 Filing in Chicago?
In Chicago, not all firms bring the depth of nonprofit specialization you’ll find at Presti & Naegele. We provide:
✔ Over 40 years of tax and nonprofit compliance experience
✔ A 60+ member team of CPAs, MBAs, and accounting professionals
✔ In-depth expertise in handling Form 990 instructions and schedules
✔ Personalized attention from a team familiar with Chicago’s nonprofit space
✔ A reputation for serving mission-driven organizations with precision and care
We help you leverage your Form 990 to strengthen public confidence and operational transparency.
What Happens If a Nonprofit in Chicago
Does Not File Form 990?
Failing to file Form 990 for three consecutive years can automatically revoke your tax-exempt status. Even one missed Form 990 due date can result in costly fines and shake donor confidence.
Presti & Naegele helps Chicago nonprofits avoid these outcomes by monitoring deadlines, sending alerts, and providing ongoing support for full compliance.
The Ongoing Benefits of Partnering with Presti & Naegele in Chicago
When you work with Presti & Naegele, our services continue well beyond Form 990 preparation. Chicago nonprofits benefit from:
✔ Ongoing access to accounting and tax advisors
✔ Better internal systems and financial clarity
✔ Stronger donor trust through transparent documentation
✔ Enhanced board and leadership confidence
✔ Protection from IRS penalties and audit risks
Serving Clients Nationwide
Los Angeles
Detroit
Chicago
Denver
Houston
Miami
San Francisco
San Diego
Washington D.C.
Nashville
New York State
New Jersey
Connecticut
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!
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