American College Of Surgeons - Inspiring Quality: Highest Standards, Better Outcomes

Annual Tax Returns

The Federal Employer Identification Number (FEIN) is a unique nine-digit number assigned by the IRS to business entities operating in the United States and is issued for the purpose of tax administration. All chapters must obtain an FEIN and follow IRS regulations regarding annual reporting.

Nearly all 501(c)(3) and 501(c)(6) organizations are subject to automatic revocation of their tax exempt status if they fail to file a required annual information return or notice for three consecutive years.

Which return form an organization must file depends on its financial activity as indicated by this chart:

Status

Form to File

Gross receipts normally ≤ $50,000

990-N

Gross receipts < $200,000 and total assets < $500,000

990-EZ or 990

Gross receipts ≥ $200,000 or total assets ≥ $500,000

990

Private Foundation—regardless of financial status

990-PF

For more information about forms please visit the “which forms do exempt organizations file” on the IRS website. :

The IRS Exempt Organization Select Check link is also helpful to confirm a chapter’s FEIN and research current tax exempt status and tax filing history.