What needs to be done if my organization maintained some donor-advised funds during the tax year?

If your organization maintained donor-advised funds during the year, it is considered a sponsoring organization under Section 501(c)(3). Generally, a sponsoring organization is responsible for maintaining and operating these donor-advised funds solely to support charitable organizations.

In this case, your organization must file Form 990 instead of Form 990-EZ, regardless of its annual gross receipts or net assets for the tax year.