What information is included on the new Form 990 summary page?
The IRS has included a summary page at the beginning of the new Form 990 that is intended to provide a snapshot of the activities and finances of nonprofits. This summary page would require nonprofits to include basic information about their revenue, expenses, assets, liabilities, fundraising, compensation, unrelated business income, and the number of employees and board members. The summary page also highlights several ratios for nonprofits.