Q&A #5: Nonprofit Form W9 and Form 1099

At Foundation Group, we get loads of questions about some nonprofit tax and compliance subjects that, on the surface, might seem obscure. Two of those issues are Form W9 and Form 1099. Would you believe we get multiple questions EVERY WEEK about these? Let’s get into it.

Today’s Topic: Nonprofit Form W9 and Form 1099

GOT A QUESTION?! Let us know in the comments. Your question could be answered in the next installment of Q&A with Greg.

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0:00 Introduction
0:47 What is Form W9?
2:05 What if Form 1099?
3:04 Question #1
4:00 Question #2
5:14 Question #3
6:29 Conclusion

[FoundationGroup]

GOT A QUESTION?! Let us know in the comments. Your question could be answered in the next installment of Q&A with Greg.

[imagineartcenter]

Our non-profit provided a day camp art class for a small school in our area. The cost was a total of $625.00. We served 25 students at $25.00 each. I received a 1099- NEC yesterday and I am not sure what the next step would be. Thank you in advance. Jenny with Imagine Community Arts Center

[agnzalez]

I started to a use the square platform to receive tithes for our (church) a non profit org. Are we required to pay taxes

[SADaveSED]

Does a nonprofit, such as The Salvation Army, 501(c)3 organization leasing a building from a church, also a "charitable" and "religious" 501(c)3 need to ask the church to complete a W-9 for The Salvation Army type of organization?

[chellababy]

Question I have a Non profit organization and someone wanted to donate but asked for a W9 form. Where do I get that? Also is that the receipts we give out when someone donates money?

[followtheKing]

Hello! I wanted to start a non profit but was warry when I heard about needing board members that could ultimately control things. What if they take it in a whole bad direction?

Then I had a friend who started a non profit in CA and told me "I make all the decisions in my non profit" she basically said her board doesnt make the decisions, she does. And her board is more of an advisory boad. She claims I can make all the decicions and just put that in the "Bilaws" that thats how the non profit is run.

Was she wrong or did she find some kind of a loop hole?

How can she make all the decisions in her non-profit?

[linalinalina]

I have a 501c3 nonprofit, and another nonprofit is asking me to fill out a W9 before they give me food donations, how do I fill this form out and why do I even need to if my organization is not contracted to work for the other organization, we’re just getting food from them?

[helives]

Does a non-profit issue a 1099 misc for rent to an LLC Property Management? Thank you. a lot of great information

[alyssaharris]

I thought all income, including gifts, were taxable. If they aren't taxable, why does it ask for it when I do my taxes?