990 The Better Outdoors Case Study Facts: Data Entry

The Better Outdoors Case Study Facts: Introduction

This page is used to provide help when you are not sure where to enter data. You do not need this page if you know where all the information belongs.

Forms are accessed from the Forms List window at the left of the screen. Make sure Organizer is selected.

Reviewing Tax Defaults and Options

Select General Information > Return and Print Options.
Click each tab and view the various options. These options reflect the default values set up for your account and they may be modified here.
Scroll down each screen to become familiar with the location of each option.

Basic Return Information

Select General Information > Basic Return Information.
Review the data that has been entered for you.
Verify that the type of return (mandatory) is 990.
On the Return Information tab at the top of the screen, under Officer Information, enter Dee Derwood’s name and his title, Officer. Also enter 05/01/2020 for the date signed and 972-250-9870 for his phone number.
Scroll down to Method of Accounting on the Return Information tab at the top of the screen and verify that Cash is selected.
Verify that the Accounting Records are in the control of Controller, 170 Avenue C, Suite 1, Carrollton, TX 75206, 972-250-7000.
Click the 990 tab at the top of the screen.
Select Exempt under Section 501(c).
Enter IRC Section 501(c) sub-paragraph number 3.
Click the Preparer Information tab and view the options.

Primary Purpose and Program Services

Select Form 990 > Form 990 > Pt III - Program Service.
Select Organization’s Mission.
Enter the Organization’s mission description: The Better Outdoors provides information about the benefits of public landscaping and outdoor recreation.
Select Program Services.
Enter the description and total program service expenses on Program Service Activity #1: Program creation and design related to educational programs.
Select the option to indicate that the organization undertook significant program services during the year. Enter the information on Schedule O. See the description of the American Girls Reading Program for these facts.

Revenue

Select Form 990 > Pt VIII - Revenue > Revenue > Analysis of Income > Statement of Revenue.
Enter $2419 for Investment Income in the column labeled Revenue Excluded from Tax.
Enter $1000 for Gain (loss) from sales of assets other than inventory in the column labeled Revenue Excluded from Tax.
Select the Part VIII Income Detail tab at the top of the screen.
Enter Program Service Revenue detail in the Related or Exempt Function Revenue column.
Select Form 990 > Pt VIII - Revenue > Revenue > Contributors > Contributors.
Verify each contributor’s name.
For each contributor, enter address, date of contribution, and amount.
Enter Type of Contribution information.
In the left pane, select Schedule B > Part I.
Verify Part I - Contributors, Type of contribution.
Go to Part II - Noncash Property.
Enter noncash property description where applicable.

Expenses

Select Form 990 > Pt IX - Functional Expenses > Expenses > Functional Expenses tab.
Enter all expense data on this screen.
Select Grants Paid > Add new Grants Paid.
Create each grant recipient.
Enter the purpose and amount for each recipient.

Balance Sheet

Select Form 990 > Pt X- Balance Sheet > Assets/Liabilities/Fund Bal > Assets tab.
Enter asset information.
Click the Liabilities tab.
Enter liability information.
Click the Fund Balances tab.
Enter fund information in the SFAS 117 box.

Officers and Directors

Select Form 990 > Pt VII - Compensation of Officers/Directors.
Select Officers, Directors, Trustees, Employees.
Enter appropriate information for Peggy Landar, Dee Derwood, and Larry Olah.
Select Independent Contractors.
Enter appropriate information for Peabody Partnership Architects.

Schedule A

Public Charity Status Information

Select Form 990 > Schedule A > Pt I - Public Charity Status > Public Charity Status.
Choose the type of exempt organization: 509(a)(3).

Supported Organizations

Enter the type of exempt organization: Organization that supports other organization - 509(a)(3) - Type II.

Select the option to indicate that the organization received written determination from the IRS that it is a Type I, II, or III supporting organization.

Type of Exempt Organization	Name of Supported Organization	EIN
170(b)(1)(A)(iv) - University	Texas A&M - $200,000	78-1234567
509(a)(2) - 33 ⅓ % supports organization	American Landscaping Association - $110,000	88-1234567
170(b)(1)(A)(vi) - community trust	Community & Neighborhood Association - $65,000	89-1234567

Schedule B

Schedule B information carries from data entered under Form 990 > Pt VIII - Revenue > Revenue > Contributors.

Capital Gains and Losses

Select Gains and Losses > Capital Gain (Loss) > Capital Gain(Loss) Detail > Add new Capital Gain(Loss).
Enter the appropriate information.

The category code is a required entry for 990, 990EZ, and 990PF entity types.

Depreciation Detail

Go to Organizer > General Depreciation > The Better Outdoors > Asset Detail > Add new Asset (description). Using the depreciation detail information listed earlier in these case facts. complete the next steps.
Enter the description of the first asset.
Enter the date placed in service, cost, method, and accumulated (depreciation). The deduction amount will be computed automatically.
Further down the same screen under Land, Buildings, Equipment, select Non Investment.
Under Building, Land and Equipment Type, select the appropriate option to categorize the asset.
Follow the above steps for each depreciable asset.

Letters and Filing Instructions

Select Letters and Filing Instructions > General Options.
Verify that the service center is Ogden, Utah.
Under Select Which Letters You Wish to Print, select Transmittal Letter and Filing Instructions.
Select Letter and Filing Instructions > Letter Options.
Scroll down to the Edit Signature Block Options section.
For the Custom closing, enter Sincerely.

Case Study Facts/better_outdoors_data_entry.htm/TY2019

Last Modified: 03/19/2020

Last System Build: 06/17/2021