Should I report business relationships with other organizations while filing Form 990?
1.9k views |Last modified 12/31/2024 6:39:55 AM EST |

Yes, if any of your organization's current officers, directors, trustees, or key employees had a family or a business relationship with an employee of any other organization for the tax year, then the filing organization must report them on a Form 990 return.

Also, the organization must identify those employees of other organizations and state their relationship in Form 990 Schedule O, Supplemental Information, and attach it along with the return.

Reporting relationship with other organizations (Interview Style)

Under the Governance, Management, and Disclosure section, click 'Start' next to Voting Members & Relationship and answer the relevant questions.
 

Reporting relationship with other organizations (Form-based)
 

To report your organization’s relationship with other organizations using our form-based filing style, go to Part VI, Section A, line 2.

In line 2, select 'Yes' for the question, 'Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee?'.

Now, a popup appears and prompts you to list the officer, director, trustee, or key employee details with whom the organization had a family or business relationship.