2011 Form 990 and Instructions Adopt Changes in Areas of Joint Ventures, Investments, and Reporting of Compensation
January 26, 2012
The final 2011 Form 990 and instructions, released by IRS January 12, includes several changes from 2010 reporting in many areas, including joint ventures and investment partnerships, activities and investments directed towards foreign countries, and reportable compensation.
In reporting required on joint ventures and investment partnerships, the instructions have been changed. They now specify that amounts reported on the 2011 Form 990 for distributive shares of assets from joint ventures or entities treated as partnerships will need to reflect the ending capital account reported on Form 1065 Schedule K-1 for the joint venture’s tax year ending with or within in the filing institution’s tax year.
The 2001 form also includes some clarifications and glossary changes in the area of governance, reporting of compensation, and functional expenses.
Director, Tax Policy
- Final Report for the 2016 NACUBO-Commonfund Study of Endowments is Now Available
- What Did I Miss? February 28-March 20, 2017
- ACA Repeal Moves Forward as House Republicans Unveil Their Health Care Replacement Plan
- WEBCAST: Innovative Ways to Fund and Launch Online Degree Programs
Tuesday, March 28, 2017 1:00PM ET
- WEBCAST: Legislative Lunchcast: A 30-Minute Washington Update from NACUBO
Friday, March 31, 2017 12:00PM ET
- WEBCAST: How to Budget for Technology That Aligns with Institutional Goals
Thursday, April 20, 2017 1:00PM ET
- WEBCAST: Update to Strategic Financial Analysis for Higher Education, 7th Edition: Corrections, Clarifications, and Consistency of Application
Monday, May 22, 2017 1:00PM ET