Understanding the Statement of Revenue on Form 990: Contributions, Gifts, and Grants

 

Navigating the Statement of Revenue on a 990 is tricky business. Here is a brief line by line breakdown of the various types of revenue for a non profit organization as explained in the IRS Instructions for Form 990.

1a) Federated Campaigns – Funds received indirectly from the public via an intermediary fundraising organization. An example of federated campaign revenue is money received by the non profit from a local United Way campaign.

1b) Membership Dues – Funds received as contributions from the public without providing goods or services in return.  

1c) Fundraising Events – Funds received from dinners, auctions, and other events whose sole purpose is to raise funds for the non for profit. Note that revenue from fundraising events excludes the value of goods or services received. For example, if a non for profit organization charges $100 for its annual dinner which is valued at $25, then $75 should be reported on line 1c. (It should also be reported on line 8a in parentheses, with $25 being reported on the far right side of 8a.)

1d) Related Organizations – Funds received by a parent organization or sponsoring organization. Funds reportable on line 1a are not included here.

1e) Government Grants – Funds received by a local, state, or federal government when the general public ultimately receives direct benefit from the funds. For example, if a non for profit receives money from the local municipality to build a library that will be open for the public, those funds are considered, “ Government Grants.”

1f) Other – Funds received from sources other than those listed above. Examples include donations from the general public,  donor advised funds, or gaming events.

1g) Noncash Contributions – Anything other than cash and checks. These include cars, stocks, and bonds. Note that fair value of the item at the time of receipt is the amount listed here.