Public disclosure rules require that a tax-exempt not-for-profit organization:
A) Make available a copy of its Form 990 to the public for a period of up to three years.
B) Post a copy of its articles of incorporation and by-laws on its website.
C) Provide a copy of the minutes to all board meetings to any person who requests the minutes within 90 days of the board meeting.
D) Make available a copy of its Form 990-T, but not its Form 990, to the public for a period of up to two years.

Question

Quizplus · Accepted Answer

Public disclosure rules require that a tax-exempt not-for-profit organization make available a copy of its Form 990 to the public for a period of up to three years. This form contains detailed information about the organization's finances, activities, and governance.

B, C, and D are incorrect because they do not accurately reflect public disclosure requirements for tax-exempt not-for-profit organizations. While it may be beneficial for an organization to post its articles of incorporation and by-laws on its website (B) or provide copies of board meeting minutes to interested parties (C), these actions are not required by law. Additionally, Form 990-T is only required for certain tax-exempt organizations that have unrelated business income, and it is not typically made available to the public (D).

Public Disclosure Rules Require That a Tax-Exempt Not-For-Profit Organization