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CAL POLY POMONA FOUNDATION, INC. POLICIES AND PROCEDURES Subject: Reference: FORM 990 REVIEW POLICY 340-III-C-1 Policy No. Date: Revision: 124 09/29/09 PURPOSE Procedures for the Foundation to comply

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What is form 990 review policy?

Form 990 review policy is a set of guidelines and procedures established by an organization to review and ensure the accuracy of Form 990, which is the annual information return filed by tax-exempt organizations with the Internal Revenue Service (IRS). It helps organizations comply with IRS regulations and maintain transparency in their financial reporting.

Who is required to file form 990 review policy?

All tax-exempt organizations, including charities, religious organizations, educational institutions, and other nonprofit organizations, are required to file Form 990 review policy if their annual gross receipts exceed certain thresholds set by the IRS.

How to fill out form 990 review policy?

To fill out Form 990 review policy, organizations need to provide detailed information about their finances, governance, programs, and activities. This includes reporting income and expenses, describing their mission and activities, disclosing key officers and directors, and providing financial statements.

What is the purpose of form 990 review policy?

The purpose of Form 990 review policy is to provide the IRS and the public with information about the finances and operations of tax-exempt organizations. It helps ensure transparency, accountability, and compliance with tax laws.

What information must be reported on form 990 review policy?

Form 990 review policy requires organizations to report detailed financial information, including revenue, expenses, assets, liabilities, and net assets. It also requires organizations to disclose information about their governance, programs, and activities, as well as information about certain transactions and relationships.

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