IRS 990 Form Informational Section
FORM 990 - "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX”
All Chapters and Councils must file some type of Form 990 each year (beginning in 2007)
1. It is the responsibility of the Chapter or Council to go to the IRS website and file the return.
2. The gross receipt test includes all income from every source, such as dues, degree fees, rents, royalties, interest, dividends, donations, building fund contributions, etc. Those Chapters and Councils with less than $50,000 in gross income must file the 990-N electronically. This is done at WWW.IRS.GOV/990N
To begin, a “user account” has to be created. Print out each section as you go (Ctrl +P) so that you can keep the individual questions and information for filing each year.
Once the user account is created, the EIN for the Chapter and Council can be added and filed by the same user account. (So if you file the 990n for the lodge, chapter, council and commandery, etc., they can all be filed under the same user account)
The fiscal year ends June 23, which means you would use the reporting year of July 1 to June 30 for this report, with the return being due on November 15th.
All of the Subordinate Chapters are titled: Royal Arch Masons of Texas, with a dba of _________ Chapter No. ________
All of the Subordinate Councils are titled: Royal and Select Masters of Texas, with a dba of _________ Council No. _____
Forward a copy of the e-mail received stating that the 990-n has been received and accepted by the IRS to the Grand Secretary-Recorder.
3. If gross receipts are more than $50,000 in a year, either a Form 990 or 990EZ will be required from your Chapter and /or Council, although there is no actual Income Tax liability, as they are exempt from tax under Section 501 ( c ) ( 8 ) of the Internal Revenue Code. The latest exemption ruling date is March 13, 1975, the Activity Code is 260.
The following information is furnished to aid in the preparing of Form 990.
- 1. Date of Exemption Letter --------------------- March 13, 1975
- 2. Group Exemption Number -- Chapter #0182, Council #1339
- 3. Exemption Code Paragraph -------------------- 501 ( c ) ( 8 )
- 4. Activity Code ------------------------------------------------- 260
If you cannot file the 990-N, and due to the complexities in the tax form and regulations it is recommended that the Chapter and/or Council contact a Certified Public Accountant or other tax professional concerning the completion of the required forms.