The 2008 Form 990 required only limited reporting for hospitals and organizations with outstanding tax-exempt bond issues. Beginning with the 2009 Form 990 (which for many fiscal year filers will be filed for fiscal year 2010 during 2011), the hospitals and tax-exempt bond schedules to the Form 990 must be completed in full.

Schedule H (Hospitals) must be completed by any organization that operates one or more facilities that are, or are required to be, licensed, registered, or similarly recognized by a state as a hospital. In addition to providing facility information, Schedule H requires reporting about charity care, community-building activities, bad debt, Medicare and collection practices, and management companies and joint ventures.

Schedule K (Supplemental Information on Tax-Exempt Bonds) must be completed by any organization with an outstanding tax-exempt bond issue (i) issued after December 31, 2002, and (ii) with a principal amount in excess of $100,000 as of the last day of the organization’s tax year. Schedule K requires detailed reporting on 501(c)(3) bond compliance, including, in particular, private business use calculations.