nonprofit excess contributions?

Parent Cafe
1

<p>Just trying to understand excess contributions for 501c3 nonprofit corporations. We have had a CPA file a 990 for us for the 1st time & were informed that we received excess contributions and are just trying to understand. Can anyone help? It’s within the 1st 4 years since we were formed, so not a big deal, but would appreciate any help. Have asked CPA to explain as well. I think it means that we got a few contributions/sponsorships in excess of 2% of our annual proceeds?</p>

<p>Thanks!</p>

2

<p>Is taxguy still around? He may have some ideas for you about this.</p>

3

<p>Anyone else with thoughts? Don’t mean to be doofus, but these things are not within my normal scope. Thanks!</p>