Nonprofits

Ensure your tax documents are prepared. 

• ⬆️ UPLOAD an IRS form 990 990EZ 

• 🚫WE CANNOT ACCEPT a postcard 

• Ensure the EIN (Employer Identification Number) is viewable as it is required, as it is required, and should not be redacted 

• Include the organization Secretary of State registration number  

• Include the tax ID (7-digit number used to pay taxes)

  Understanding Program Service Revenue

  What is program service revenue?  

  • Program service revenue is income a nonprofit organization generated from activities that are central to the organization's mission and tax-exempt purpose. This is distinct from donations, gifts, or investment income. Needs to be reflected on the organization’s taxes 

  Examples of Program Service Revenue:  

  • This could include membership fees at a nonprofit gym, tuition fees at a school/daycare, payments from patients for medical services at a nonprofit hospital, ticket sales and admission fees for events. 

    Program service revenue is 🚫NOT: 

    • Grants, fundraising income, organization membership fees, etc.

      How to calculate: Program service revenue / program revenue x 100  

    • 30% of the total revenue needs to be program service revenue 

    • Or 10% of the total revenue needs to be program service revenue and they need to maintain in-person operations 

    You can see DEEDs guidelines around program service revenue here if you would more information: 🔗 https://mn.gov/deed/business/financing-business/deed-programs/promise-grant/  

    You can check the status of your taxes here: 🔗https://www.irs.gov/

    Reach out to your tax accountant if you have questions regarding your tax information.