This self-study course provides a general overview of certain requirements relating to tax-exempt organizations and discusses changes to the Revised IRS Form 990, which is annually filed by non-profit organizations. It further explains the prohibitions against the provision of private benefits by tax-exempt organizations and against private inurement from a tax-exempt organization to a private individual.

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Course Information:  

  • Approximate time to complete: 1 hour
  • Preliminary CPE credit: 1
  • Designed for: Healthcare financial professionals and compliance professionals
  • Level: Intermediate
  • Instructional method: Self-study
  • Format: Online
  • NASBA Field of Study: Taxes
  • Program prerequisite: Working knowledge of issues affecting healthcare non-profit organizations

Topics covered include:  

  • An overview of tax issues for non-profit organizations
  • IRS Form 990
  • Non-profit organizations: Private Benefit
  • Non-profit organizations: Private Inurement

Course titles:  

  • Understanding IRS Form 990
  • Understanding Private Benefit and Private Inurement

Learning Objectives:

At the end of this course, you'll be able to:

  • Describe when a hospital may qualify for tax-exempt status.
  • Explain the limitations on tax-exempt organizations.
  • Identify the general structure of the Revised Form 990.
  • Explain the disclosure required in the Revised Form 990 regarding compensation paid.
  • Explain the disclosures made in the Revised Form 990 regarding hospital operations.
  • Define "private benefit" and describe the potential consequences to a tax-exempt organization for providing one. 
  • Define "private inurement" and explain the consequences to a tax-exempt organization of providing it.  

Preliminary CPE: This course is estimated to be eligible for 1 hour of CPE when the course activities are completed at the minimum required level (including completion of all modules' review questions and completion of a program evaluation) prior to the expiration date of the course materials (one year after purchase). CPE will not be issued if the required documentation is submitted after the expiration of the course materials. The course is in the final stages of pilot testing and CPE credit has been estimated. Once the credit has been finalized, you will be notified if the recommended credit is lower than this estimate.

Course Availability: 6 months from start date.

Refund Policy: Refunds will be granted only for requests made within two weeks of the order date.

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CPE LogoHealthcare Financial Management Association Educational Foundation is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to The National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417, website: www.nasba.org