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
- Affordable Care Act: Final Rules on Coverage for Adjuncts and Students
- Administrative Jobs and Benefits Costs Drive Higher Ed Labor Costs
- OMB Super Circular Makes Changes to Audit Requirements
- 2014 Higher Education Accounting Forum
April 27-29, 2014
- ON-DEMAND: Understanding the Results of the 2013 NACUBO-Commonfund Study of Endowments, and a Look to 2014 and Beyond
- ON-DEMAND: How Behavioral Changes Helped Cut Energy Usage in Half
- ON-DEMAND: Developing a Market-Informed Approach to Tuition Pricing
- ON-DEMAND: Responsibility Center Management: The Process Necessary to Complete a Successful Implementation
- ON-DEMAND: OD: Responsibility Center Management: How Innovations Have Changed the Nature of RCM
- A Guide to College and University Budgeting: Foundations for Institutional Effectiveness, 4th ed. - by Larry Goldstein
- NACUBO's Guide to Unitizing Investment Pools - by Mary S. Wheeler
- Managing and Collecting Student Accounts and Loans - by David R. Glezerman and Dennis DeSantis