Evaluates tax-exempt organization compliance with Form 990, UBIT, and private foundation requirements. Use when managing nonprofit tax, reviewing Form 990, or analyzing UBIT exposure.
Evaluates tax-exempt organization compliance with Form 990 filing obligations, unrelated business income tax (UBIT) exposure, private foundation rules, and public charity status maintenance.
Classify the entity — Confirm exemption category, public charity vs. private foundation status, and applicable filing requirements. Check whether the organization has passed the public support test (IRC §509(a)(1) or (2)) for the most recent 5-year measurement period. [VERIFY: Current public support percentages against applicable threshold (33⅓% or 10% facts-and-circumstances)]
Review Form 990 accuracy — Cross-check reported figures against financial statements. Verify:
Analyze UBIT exposure — For each revenue stream, determine whether it constitutes an unrelated trade or business:
Evaluate private foundation rules (if applicable) — Assess compliance with:
Assess governance and operational compliance — Review:
Review international and cross-border issues — If the organization has foreign operations or grantmaking:
Compile findings and risk assessment — Categorize issues by severity (critical/moderate/low), assign remediation recommendations, and flag items requiring immediate corrective action.