In an effort to add further transparency to nonprofit organization reporting, the IRS added Part VI to the revised Form 990 in 2008.
Governance – Still High on the IRS Radar Screen
By now, it should come as no surprise that nonprofit governance is high on the list of IRS interest areas. This interest has, of course, been spurred on by Senate Finance Committee hearings and some highly publicized exempt organization governance failures which helped to put a black mark on the entire nonprofit sector.