ANNUAL REPORTING REQUIREMENTS FOR CHARITABLE ORGANIZATIONS
Designate a person who will be responsible to make sure the required reports are completed and filed before the due dates. This person will not necessarily be responsible for completing the reports.
ANNUAL REPORTING REQUIREMENTS
DOES THE ORGANIZATION HAVE EMPLOYEES ?
If your organization has an employee or employees that are paid more than $1500 in any calendar quarter., it must file and pay withholding taxes to the IRS and the Illinois Dept. of Revenue. The organization may want to hire a payroll service to assure that the filings and taxes are filed timely and properly.
 The filing date may be extended by submitting a written request that is received before the date the form is due. The extension for the AG 990 IL is 60 days. An additional extension may be granted if there is an extension granted by the IRS with a filing deadline after the Illinois Attorney General's deadline.
 Organizations with gross receipts in excess of $25,000 must file IRS Form 990. The filing date may be extended by submitting a written request that is received before the date the form is due. The extension for the IRS 990 is three months and the request must be on IRS form 8868. A request for an additional three month extension may be submitted, but the request must show reasonable cause why the filings are not completed.
 Beginning with fiscal year 2007, organizations with gross receipts of $25,000 or less must submit Form 990-N to the IRS. Failure to do so for three consecutive years will result in termination of the organization’s exempt status.
Prepared by the Public Education Committee of the