Form 990 Schedule E, is generally filed by organizations to report information on private schools.
If you're a tax-exempt or non-profit organization looking for comprehensive information on Schedule E, you've come to the right place. In this resource guide, we will explain the purpose of Schedule E and address common queries to provide clarity and guidance for 990 filers.
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Schedule E, Schools is a supplementary schedule filed annually by school organizations along with their Form 990 or Form 990-EZ return to report additional information and meet their nonprofit tax filing requirements completely.
Organizations that are organized and operate as Private Schools described in section 170(b)(1)(A)(ii) are required to attach Schedule E along with their Form 990 or 990-EZ information return.
All non-profits and exempt organizations i.e., schools that file Form 990 or 990-EZ must complete and attach Schedule E.
Below, we have provided Schedule E filing requirements for each part.
Schedule E Part I is used by organizations to provide information about the racially nondiscriminatory policy, educational policies, admission policies, faculties, financial assistance, scholarships, and all catalogues.
To complete this part, the filing organization must provide suitable Yes or No answers to the questionnaire asked.
Schedule E Part II is generally used by organizations to provide the narrative explanations required, if applicable, to supplement responses on various lines of Form 990 and 990-EZ returns.
Also, the part can be duplicated by both IRS Form 990 and 990-EZ fillers in need of additional space to provide additional explanation.
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An organization that answered “Yes” on Form 990, Part IV, line 13, or Form 990-EZ, Part VI, line 48, must complete and attach Schedule E to Form 990 or 990-EZ, as applicable.
This means the filing organization checked the box on Schedule A (Form 990), Public Charity Status and Public Support, Part I, line 2, because it's a school.
There's no separate filing deadline for Form 990 Schedule E as it aligns with the deadline for the standard Form 990.
In most cases, the due date to file a 990/990-EZ return is on the 15th day of the 5th month after the end of your organization's fiscal year. For organizations that follow the calendar year (ending on December 31), the due date is May 15th.