IRS 990 2009 free printable template

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Instructions and Help about IRS 990

How to edit IRS 990

How to fill out IRS 990

Instructions and Help about IRS 990

How to edit IRS 990

To edit IRS Form 990, download a blank version from the IRS website or utilize a form filling tool like pdfFiller. Ensure all entries are accurate and reflect your organization's financial activities for the tax year. Once you have filled out the form, review it thoroughly for any errors before submission.

How to fill out IRS 990

Filling out IRS Form 990 requires detailed financial information from your nonprofit organization. Follow these steps:

1. Gather necessary financial records, including income statements and balance sheets.
2. Complete the organizational details, including name, address, and Employer Identification Number (EIN).
3. Detail revenue, expenses, and net assets in the financial section.
4. Provide narrative responses where prompted, focusing on your organization's mission and ongoing activities.

About IRS previous version

What is IRS 990?

What is the purpose of this form?

Who needs the form?

When am I exempt from filling out this form?

Components of the form

Due date

What payments and purchases are reported?

How many copies of the form should I complete?

What are the penalties for not issuing the form?

What information do you need when you file the form?

Is the form accompanied by other forms?

Where do I send the form?

About IRS previous version

What is IRS 990?

IRS Form 990 is a tax form that nonprofits and tax-exempt organizations in the United States must file annually. This form provides detailed financial information about the nonprofit’s operations, revenue, expenses, and governance. It aims to promote transparency by documenting how organizations utilize their funds and operate.

What is the purpose of this form?

The purpose of IRS Form 990 is twofold: it ensures compliance with federal tax laws and provides essential information to the public and regulatory bodies. By requiring organizations to disclose their financial activities and governance practices, it helps maintain accountability and transparency within the nonprofit sector.

Who needs the form?

Organizations that typically need to file IRS Form 990 include tax-exempt entities, charities, and any group that has received IRS recognition of tax exemption. Specific thresholds exist, with larger nonprofits needing to file Form 990, while smaller organizations may file Form 990-EZ or 990-N instead.

When am I exempt from filling out this form?

Organizations may be exempt from filing IRS Form 990 if they fall below specific income thresholds, are religious organizations, or fit into certain categories defined by the IRS, such as small public charities. If your organization qualifies for these exemptions, you may be required to file simpler forms or not at all.

Components of the form

IRS Form 990 consists of multiple sections, including:

1. General information about the organization
2. Revenue and program service accomplishments
3. Balance sheet details
4. Governance and management practices

Each part must be completed accurately to reflect the organization’s operations and financial status.

Due date

The due date for IRS Form 990 is the 15th day of the 5th month following the end of your organization's accounting period. Organizations must file their return annually to maintain compliance. An extension can be requested using Form 8868.

What payments and purchases are reported?

When completing IRS Form 990, organizations must report various payments and purchases, including salaries, contractor payments, and significant expenditures for services or goods related to the organization's operations. Accurate reporting helps the IRS assess the nonprofit's financial health and operations.

How many copies of the form should I complete?

Typically, organizations need to complete one copy of IRS Form 990 for submission to the IRS. Depending on state regulations, you may also need to send copies to state tax authorities or provide copies to your organization’s stakeholders. Always confirm local requirements.

What are the penalties for not issuing the form?

Failure to file IRS Form 990 can result in significant penalties, including fines that accumulate based on the organization’s average gross receipts. Persistent failure to file can also lead to the automatic revocation of tax-exempt status, impacting the organization’s operational capacity.

What information do you need when you file the form?

To file IRS Form 990, gather essential information such as your organization’s EIN, a summary of financial statements (including income and expenses), details of board members and officers, and a description of program services offered. Ensure accuracy in financial reporting to avoid potential penalties.

Is the form accompanied by other forms?

While IRS Form 990 may not require additional forms for submission, organizations might need to file supplementary schedules or forms, such as Form 990 Schedule A (for public charities) or Schedule B (for reporting contributors). The inclusion of these schedules depends on specific organizational activities or funding sources.

Where do I send the form?

Send IRS Form 990 to the appropriate address based on your organization’s location and whether you are filing electronically or by mail. For paper submissions, consult the latest IRS guidelines for the appropriate mailing address. Ensure you keep a copy of the form for your records.