If you forgot, Form 8868 buys you six (6) more months. But only if you file it before midnight.
By Gordon Fischer
May 15, 2026
Today is “990 Day.” If your Iowa nonprofit runs on a calendar fiscal year, your annual return to the IRS is due today.
Most Iowa 501(c)(3) organizations must file some version of Form 990 every year. Miss three (3) years in a row and the IRS automatically revokes your tax-exempt status. So let’s talk.
Pick Your 990.
Four (4) versions, based on size:
Form 990-N (the “e-Postcard”): gross receipts normally fifty thousand dollars ($50,000) or less. Eight (8) questions. No extensions allowed.
Form 990-EZ: gross receipts under two hundred thousand dollars ($200,000) and total assets under five hundred thousand dollars ($500,000).
Form 990 (full version): gross receipts of two hundred thousand dollars ($200,000) or more, OR total assets of five hundred thousand dollars ($500,000) or more.
Form 990-PF: private foundations, any size.
All due today for calendar-year filers.
File Up.
You are allowed to file a longer 990 than the IRS requires. A 990-N filer can file a 990-EZ. A 990-EZ filer can file the full 990. Please consider it. Three (3) reasons.
One (1). Your 990 is public.
Donors read it. Foundations read it. Reporters read it. Charity Navigator, Candid, and ProPublica republish it. Anyone can find it in ninety (90) seconds.
Two (2). A clean 990 is a credibility document.
A thoughtful, organized Form 990 tells the world your nonprofit has it together. A sloppy, half-finished one tells the world the opposite. Same form, very different message.
Three (3). Schedule O is a gift. Use it.
Schedule O is the narrative section of Form 990 and 990-EZ. It is where the IRS invites you to explain, in your own words, your programs, your governance, your policies, and the operations behind the numbers. It is a free marketing page from the federal government.
Here is what a short Schedule O entry might look like:
“During 2025, the Anytown Iowa Food Pantry served four thousand two hundred (4,200) families across twelve (12) eastern Iowa counties, distributing more than one hundred eighty thousand (180,000) pounds of food. Our seven (7) member board meets monthly, reviews and approves the annual budget and audit, and conducts an annual conflict-of-interest disclosure for every director and officer. Our full board reviewed this Form 990 before it was filed. We adopted eleven (11) written policies, including a Conflict of Interest Policy, Whistleblower Policy, and Document Retention and Destruction Policy, all of which are available to the public on request.”
Three (3) sentences. Fifteen (15) minutes to write. Worth more than almost anything else on the form.
Bonus move: once you have filed a 990 you are proud of, post it on your own website. Link to it from your “About” or “Financials” page. Donors notice.
Behind? File 8868.
If today snuck up on you, audit is not done, books are a mess, treasurer just quit, board has not reviewed the draft, whatever: file IRS Form 8868 today and buy yourself six (6) more months.
Seven (7) things to know:
It is automatic. No explanation required. Check the box, sign, submit.
Six (6) full months. Pushes the calendar-year deadline from May 15, 2026, to November 16, 2026.
File it today. Form 8868 must be filed by the original 990 deadline. May 16 is too late.
E-file it. Same providers that e-file your 990. Fifteen (15) minutes.
It does not extend time to pay. If you owe tax (rare for nonprofits, but possible on Form 990-T), pay today.
Not for 990-N filers. e-Postcard filers cannot extend. The good news: the 990-N takes ten (10) minutes. Just file it.
One (1) form per return. Need to extend a 990 and a 990-T? File two (2) separate 8868s.
File. Or Extend.
File your 990, or file your 8868. Both are fine. Doing nothing is not.
Three (3) consecutive missed years means automatic revocation of your tax-exempt status. Getting it back is a real project. Do not put your organization there over a fifteen (15) minute form.
Stuck? Email Me.
If you missed today’s deadline, are unsure which 990 to file, are worried about year three (3), want help writing a Schedule O narrative that actually says something, or want a second set of eyes on the draft return: I offer a genuine free one-hour consultation to any Iowa nonprofit. No catch, no pitch.
📧 Email: gordon@gordonfischerlawfirm.com.
We will work on it together.
https://www.gordonfischerlawfirm.com/wp-content/uploads/2017/05/GFLF-logo-300x141.png00Lexi Luneckashttps://www.gordonfischerlawfirm.com/wp-content/uploads/2017/05/GFLF-logo-300x141.pngLexi Luneckas2026-05-15 11:17:172026-05-15 11:17:17Today, May 15, Iowa Nonprofits MUST File Or Extend.
The Indiana Fever drop Wednesday night to the Sparks in Los Angeles. Caitlin Clark again, against the team Iowa fans love to keep an eye on. Quick game, short flight, right back at it.
I wrote a longer piece this past weekend about Clark walking back to the tunnel for treatment during Saturday’s opener, and what that looks like in a nonprofit context (read the full post here). A few of you wrote back, which I love. So one quick follow-up while the season is still young.
Three questions for your next board meeting
If you only have ten (10) minutes on the agenda for the people part of governance, spend it on these three (3):
Who on our team has not taken real time off this year? Not “a long weekend.” Real time off. Name them out loud.
Who is doing two (2) jobs because we have not hired the second one? The treasurer doing the bookkeeping. The ED running development. The chair also chairing the campaign. Name them.
What is our actual plan to take that weight off, in writing, by the next meeting? Not “we will think about it.” A motion, a deadline, a person responsible.
That is it. Ten (10) minutes. You will be surprised what comes out of the room.
Why this matters in May
May is the month where it still feels possible to fix things. By August your ED has already used up whatever reserves she came into the year with, and by October you are in budget season, and by December you are trying to close the year. Right now, in May, you can still build the bench, still split the role, still hire the part-time bookkeeper, still give your chair a real break. Six (6) months from now, those same fixes are emergency surgery.
The Fever has a 44-game season ahead. So do you. Treat it like one.
Want to talk it through?
If something on the list above hit a nerve, I offer a genuine free one-hour consultation to any Iowa nonprofit. No catch, no pitch.
📧 Email: gordon@gordonfischerlawfirm.com Tell me who on your team has been walking back to the tunnel. We will work on it together.
https://www.gordonfischerlawfirm.com/wp-content/uploads/2017/05/GFLF-logo-300x141.png00Lexi Luneckashttps://www.gordonfischerlawfirm.com/wp-content/uploads/2017/05/GFLF-logo-300x141.pngLexi Luneckas2026-05-13 10:26:532026-05-13 10:26:53One More Minute on the Tunnel: A Quick Note for Iowa Nonprofit Boards
The Indiana Fever lost their season opener today, 107-104, to the Dallas Wings. Close game. Kelsey Mitchell put up 30. Arike Ogunbowale led Dallas with 22. Caitlin Clark missed a potential game-tying three at the buzzer that rimmed out. And during the same game, Clark quietly became the fastest player in WNBA history to reach 1,000 points, 250 rebounds, and 250 assists. So, you know, a lot happening in one afternoon.
But here is what stuck with me, and what I want to write about. Clark looked uncomfortable for stretches of the game. Several times she went back to the tunnel for treatment, came back out, played, went back again. This is the same player who exited the preseason home opener early with a knee scare just over a week ago. She was cleared to play today, and she did play, and she played hard, and she nearly tied it at the end. So this is not a “should she have been out there” post. The Fever’s medical and training staff are professionals. Clark is a professional. Together, they made the call.
This is something I see in nonprofit work all the time, and yet it almost never gets talked about directly. The people running your organization are going “to play hurt.” Sometimes literally! More often, figuratively. How your board and your organization handle such issues is one of the quiet tests of governance.
The “play through it” instinct
Elite athletes are wired to play through things. So are good executive directors. So are good board chairs. So are most of the people who end up in nonprofit leadership in the first place. They care, the mission is real, the stakes feel enormous, and there is always one more thing to do. Nobody volunteers to lead an Iowa nonprofit because they are looking for an easy gig.
The trouble is that “play through it” without a structure around it becomes “burn out and quit,” or worse, “burn out and stay resentful for another two years.” I have watched it happen. The ED who hasn’t taken a real vacation in three years. The board chair who is also chairing the capital campaign and also serving on the audit committee. The treasurer who is doing the bookkeeping because the part-time bookkeeper left in October and nobody got around to replacing her. They are all going back to the tunnel between possessions, and they are all telling themselves they are fine.
What the training staff is for
Here is the part I want Iowa nonprofit boards to think about. Clark has a training staff. They watched her in warmups. They watched her in the first quarter. They pulled her back when something looked off. They cleared her when she was ready. They will look at film tonight and they will be in her ear tomorrow morning. That is the job, and the job is constant.
Your nonprofit’s “training staff” is your governance structure. It is the chair checking in with the ED in a real way, not just “how are things going” at the top of the board meeting. It is the executive committee paying attention to whether the ED has used any vacation. It is the audit committee actually asking the treasurer, “is this still working for you, or do we need to hire somebody?” It is the personnel committee making sure the staff handbook has reasonable PTO and that people are taking it. It is the board having an honest annual conversation about whether the chair, the ED, and the key committee chairs are sustainable in their roles, or whether the role itself needs to be split, or whether somebody on the bench needs to start getting minutes.
None of this is glamorous, and very little of it shows up meaningfully on a 990. But it is the difference between a team that can absorb a bad night and one where a single tweaked something becomes a season-ending problem.
The governance test
So a question for your next board meeting, sometime in the next month, ideally on the agenda and not in the parking lot afterward: who on our team has been going back to the tunnel? The ED who is “fine” but has not taken a Friday off since January? The board chair who told you in March she was tired? The development director carrying two open positions on her team? Name them. Then ask the harder question: what are we, as the people who actually have authority over this, going to do about it?
That is governance. Not the policy binder, not the 990, not the strategic plan on the shared drive. The thing where the people in charge notice that a key player keeps walking back to the tunnel, and they actually do something about it before the buzzer-beater rims out.
One more thing
A close loss in May is not the end of anything. The Fever play Wednesday at the Sparks. They have a season ahead of them. Caitlin Clark just made history, in a loss, while uncomfortable, and she will be on a plane to Los Angeles in a couple of days. That is what professionals do.
What I am asking is that you treat the people running your nonprofit with the same seriousness that the Fever treats Caitlin Clark. Watch them. Build the structure around them. Pull them out when they need to come out. Put them back in when they are ready. And build a bench, like we talked about in previous posts, so that nobody on your team has to play 40 minutes a night for 44 games.
If you are on the board of an Iowa nonprofit and somebody on your team has been going back to the tunnel a little too often this year, I offer a genuine free one-hour consultation to any Iowa nonprofit. No strings, no catch, no pitch at the end.
📧 Email: gordon@gordonfischerlawfirm.com. Tell me who on your team needs a
breather, and what’s keeping them from getting one. We’ll work on it together.
https://www.gordonfischerlawfirm.com/wp-content/uploads/2017/05/GFLF-logo-300x141.png00Lexi Luneckashttps://www.gordonfischerlawfirm.com/wp-content/uploads/2017/05/GFLF-logo-300x141.pngLexi Luneckas2026-05-10 11:32:462026-05-10 11:32:46When Your Star Player Keeps Going Back to the Tunnel: A Nonprofit Governance Lesson
Today, May 15, Iowa Nonprofits MUST File Or Extend.
NonprofitsIf you forgot, Form 8868 buys you six (6) more months. But only if you file it before midnight.
By Gordon Fischer
May 15, 2026
Today is “990 Day.” If your Iowa nonprofit runs on a calendar fiscal year, your annual return to the IRS is due today.
Most Iowa 501(c)(3) organizations must file some version of Form 990 every year. Miss three (3) years in a row and the IRS automatically revokes your tax-exempt status. So let’s talk.
Pick Your 990.
Four (4) versions, based on size:
All due today for calendar-year filers.
File Up.
You are allowed to file a longer 990 than the IRS requires. A 990-N filer can file a 990-EZ. A 990-EZ filer can file the full 990. Please consider it. Three (3) reasons.
One (1). Your 990 is public.
Donors read it. Foundations read it. Reporters read it. Charity Navigator, Candid, and ProPublica republish it. Anyone can find it in ninety (90) seconds.
Two (2). A clean 990 is a credibility document.
A thoughtful, organized Form 990 tells the world your nonprofit has it together. A sloppy, half-finished one tells the world the opposite. Same form, very different message.
Three (3). Schedule O is a gift. Use it.
Schedule O is the narrative section of Form 990 and 990-EZ. It is where the IRS invites you to explain, in your own words, your programs, your governance, your policies, and the operations behind the numbers. It is a free marketing page from the federal government.
Here is what a short Schedule O entry might look like:
“During 2025, the Anytown Iowa Food Pantry served four thousand two hundred (4,200) families across twelve (12) eastern Iowa counties, distributing more than one hundred eighty thousand (180,000) pounds of food. Our seven (7) member board meets monthly, reviews and approves the annual budget and audit, and conducts an annual conflict-of-interest disclosure for every director and officer. Our full board reviewed this Form 990 before it was filed. We adopted eleven (11) written policies, including a Conflict of Interest Policy, Whistleblower Policy, and Document Retention and Destruction Policy, all of which are available to the public on request.”
Three (3) sentences. Fifteen (15) minutes to write. Worth more than almost anything else on the form.
Bonus move: once you have filed a 990 you are proud of, post it on your own website. Link to it from your “About” or “Financials” page. Donors notice.
Behind? File 8868.
If today snuck up on you, audit is not done, books are a mess, treasurer just quit, board has not reviewed the draft, whatever: file IRS Form 8868 today and buy yourself six (6) more months.
Seven (7) things to know:
File. Or Extend.
File your 990, or file your 8868. Both are fine. Doing nothing is not.
Three (3) consecutive missed years means automatic revocation of your tax-exempt status. Getting it back is a real project. Do not put your organization there over a fifteen (15) minute form.
Stuck? Email Me.
If you missed today’s deadline, are unsure which 990 to file, are worried about year three (3), want help writing a Schedule O narrative that actually says something, or want a second set of eyes on the draft return: I offer a genuine free one-hour consultation to any Iowa nonprofit. No catch, no pitch.
📧 Email: gordon@gordonfischerlawfirm.com.
We will work on it together.
######
One More Minute on the Tunnel: A Quick Note for Iowa Nonprofit Boards
NonprofitsBy Gordon Fischer
May 13, 2026
The Indiana Fever drop Wednesday night to the Sparks in Los Angeles. Caitlin Clark again, against the team Iowa fans love to keep an eye on. Quick game, short flight, right back at it.
I wrote a longer piece this past weekend about Clark walking back to the tunnel for treatment during Saturday’s opener, and what that looks like in a nonprofit context (read the full post here). A few of you wrote back, which I love. So one quick follow-up while the season is still young.
Three questions for your next board meeting
If you only have ten (10) minutes on the agenda for the people part of governance, spend it on these three (3):
That is it. Ten (10) minutes. You will be surprised what comes out of the room.
Why this matters in May
May is the month where it still feels possible to fix things. By August your ED has already used up whatever reserves she came into the year with, and by October you are in budget season, and by December you are trying to close the year. Right now, in May, you can still build the bench, still split the role, still hire the part-time bookkeeper, still give your chair a real break. Six (6) months from now, those same fixes are emergency surgery.
The Fever has a 44-game season ahead. So do you. Treat it like one.
Want to talk it through?
If something on the list above hit a nerve, I offer a genuine free one-hour consultation to any Iowa nonprofit. No catch, no pitch.
📧 Email: gordon@gordonfischerlawfirm.com
Tell me who on your team has been walking back to the tunnel. We will work on it together.
######
When Your Star Player Keeps Going Back to the Tunnel: A Nonprofit Governance Lesson
NonprofitsBy Gordon Fischer
May 9, 2026
The Indiana Fever lost their season opener today, 107-104, to the Dallas Wings. Close game. Kelsey Mitchell put up 30. Arike Ogunbowale led Dallas with 22. Caitlin Clark missed a potential game-tying three at the buzzer that rimmed out. And during the same game, Clark quietly became the fastest player in WNBA history to reach 1,000 points, 250 rebounds, and 250 assists. So, you know, a lot happening in one afternoon.
But here is what stuck with me, and what I want to write about. Clark looked uncomfortable for stretches of the game. Several times she went back to the tunnel for treatment, came back out, played, went back again. This is the same player who exited the preseason home opener early with a knee scare just over a week ago. She was cleared to play today, and she did play, and she played hard, and she nearly tied it at the end. So this is not a “should she have been out there” post. The Fever’s medical and training staff are professionals. Clark is a professional. Together, they made the call.
This is something I see in nonprofit work all the time, and yet it almost never gets talked about directly. The people running your organization are going “to play hurt.” Sometimes literally! More often, figuratively. How your board and your organization handle such issues is one of the quiet tests of governance.
The “play through it” instinct
Elite athletes are wired to play through things. So are good executive directors. So are good board chairs. So are most of the people who end up in nonprofit leadership in the first place. They care, the mission is real, the stakes feel enormous, and there is always one more thing to do. Nobody volunteers to lead an Iowa nonprofit because they are looking for an easy gig.
The trouble is that “play through it” without a structure around it becomes “burn out and quit,” or worse, “burn out and stay resentful for another two years.” I have watched it happen. The ED who hasn’t taken a real vacation in three years. The board chair who is also chairing the capital campaign and also serving on the audit committee. The treasurer who is doing the bookkeeping because the part-time bookkeeper left in October and nobody got around to replacing her. They are all going back to the tunnel between possessions, and they are all telling themselves they are fine.
What the training staff is for
Here is the part I want Iowa nonprofit boards to think about. Clark has a training staff. They watched her in warmups. They watched her in the first quarter. They pulled her back when something looked off. They cleared her when she was ready. They will look at film tonight and they will be in her ear tomorrow morning. That is the job, and the job is constant.
Your nonprofit’s “training staff” is your governance structure. It is the chair checking in with the ED in a real way, not just “how are things going” at the top of the board meeting. It is the executive committee paying attention to whether the ED has used any vacation. It is the audit committee actually asking the treasurer, “is this still working for you, or do we need to hire somebody?” It is the personnel committee making sure the staff handbook has reasonable PTO and that people are taking it. It is the board having an honest annual conversation about whether the chair, the ED, and the key committee chairs are sustainable in their roles, or whether the role itself needs to be split, or whether somebody on the bench needs to start getting minutes.
None of this is glamorous, and very little of it shows up meaningfully on a 990. But it is the difference between a team that can absorb a bad night and one where a single tweaked something becomes a season-ending problem.
The governance test
So a question for your next board meeting, sometime in the next month, ideally on the agenda and not in the parking lot afterward: who on our team has been going back to the tunnel? The ED who is “fine” but has not taken a Friday off since January? The board chair who told you in March she was tired? The development director carrying two open positions on her team? Name them. Then ask the harder question: what are we, as the people who actually have authority over this, going to do about it?
That is governance. Not the policy binder, not the 990, not the strategic plan on the shared drive. The thing where the people in charge notice that a key player keeps walking back to the tunnel, and they actually do something about it before the buzzer-beater rims out.
One more thing
A close loss in May is not the end of anything. The Fever play Wednesday at the Sparks. They have a season ahead of them. Caitlin Clark just made history, in a loss, while uncomfortable, and she will be on a plane to Los Angeles in a couple of days. That is what professionals do.
What I am asking is that you treat the people running your nonprofit with the same seriousness that the Fever treats Caitlin Clark. Watch them. Build the structure around them. Pull them out when they need to come out. Put them back in when they are ready. And build a bench, like we talked about in previous posts, so that nobody on your team has to play 40 minutes a night for 44 games.
If you are on the board of an Iowa nonprofit and somebody on your team has been going back to the tunnel a little too often this year, I offer a genuine free one-hour consultation to any Iowa nonprofit. No strings, no catch, no pitch at the end.
📧 Email: gordon@gordonfischerlawfirm.com. Tell me who on your team needs a
breather, and what’s keeping them from getting one. We’ll work on it together.
######