What are Fundraising events, and how to report them on Form 990-EZ?

A fundraising event is designed to raise awareness and support for an organization’s mission and vision. Nonprofit organizations use fundraising events as a platform to raise money and fuel their missions.

While filing Form 990-EZ, it is necessary to report the contributions received from various fundraising activities.

Reporting contributions received from various fundraising events 

• If you choose Interview-based Filing

Under the Revenue section, click 'Start' in Contributions, Gifts, Grants, and Similar Amounts Received. Then, on the next page, select 'Start' next to Revenue and Contributions from Fundraising Events and answer the question.

• If you choose Form-based Filing

Navigate to Part I, line 6 of the Revenue section. Please be aware that line 6 has several subcategories you will need to complete as well.

• In line 6a, Gaming and fundraising events, enter the gross income from gaming activities.
• In line 6b, enter the gross income from fundraising events without including the contributions from fundraising events reported on part I, line 1.
• In line 6c, enter the direct expenses from gaming and fundraising events.

Based on the values entered in lines 6a, 6b, and 6c, Tax 990 will automatically calculate the net income or (loss) from gaming and fundraising events and enter it in Part I, line 6d

Reporting Schedule G, Supplemental Information Regarding Fundraising or Gaming Activities

• If the organization reports more than $15,000 on lines 6a or 6b of Part I, it must complete Part II of Form 990 Schedule G, Supplemental Information Regarding Fundraising or Gaming Activities (Form 990 or 990-EZ).
• Schedule G Part II will be enabled when both the conditions mentioned above are satisfied. In Part II, the filing organization must provide details of the two major gaming events and other events (total) as a single event. In addition, the events must have gross receipts of more than $5,000.

To learn how to report Fundraising events in Form 990, click here.