Get the free Form 990 (2008) - documents kenyon

This form is used by organizations exempt from income tax under section 501(c) to report their annual income, expenses, and other relevant financial information to the IRS.

How to fill out form 990 2008

How to fill out Form 990 (2008)

1. Obtain Form 990 (2008) from the IRS website or your accountant.
2. When filling out the form, begin with basic identification information, including the organization's name, address, and Employer Identification Number (EIN).
3. Complete Part I, which includes details about the organization's revenue, expenses, and changes in net assets.
4. Move to Part II and report the organization's mission and major programs.
5. In Part III, provide an overview of the organization's functional expenses, separating program services, management, and fundraising costs.
6. Proceed to Part IV, answering questions related to the organization's governance, policies, and disclosure practices.
7. Fill out Part V for a balance sheet, which lists the organization's assets, liabilities, and net assets.
8. Complete Part VI through IX, providing additional information as required, including statements about any changes in accounting principles and related organizations.
9. Review the form for any errors or omissions before signing and dating it.
10. File Form 990 with the IRS by the applicable deadline, which is typically the 15th day of the 5th month after the end of the organization's fiscal year.

Who needs Form 990 (2008)?

1. Non-profit organizations or tax-exempt entities with gross receipts over $200,000 or total assets over $500,000.
2. Smaller non-profits with gross receipts of $50,000 or less must file Form 990-N (e-Postcard) instead.
3. Organizations required to provide public transparency and accountability as part of maintaining their tax-exempt status.

People Also Ask about

Does my nonprofit need to file a 990?

Form 990, Return of Organization Exempt From Income Tax An organization must file Form 990, if it is: An organization with either: ► gross receipts of $200,000 or more, or ► total assets of $500,000 or more. A sponsoring organization of one or more donor-advised funds.

What happens if you don't file a 990?

An organization that fails to file the required information return (Form 990, Form 990-EZ, or Form 990-PF) or e-Postcard (Form 990-N) for three consecutive tax years will automatically lose its tax-exempt status.

Where can I download Form 990?

The 990 is a public document that you can search for on the websites for the Secretary of State or the Attorney General where the organization is incorporated. In addition, 990s are available from a variety of open source and subscription sources. You may also request them from an organization or from the IRS.

How do I know if I need to file a 990?

Nonprofits with annual revenue of $500,000 or more must file the Form 990. Nonprofits with revenue of any size that have unrelated business income will need to file Form 990-T as part of the nonprofit's annual return filing.

Do all nonprofits have to file a 990?

Form 990, Return of Organization Exempt From Income Tax An organization must file Form 990, if it is: An organization with either: ► gross receipts of $200,000 or more, or ► total assets of $500,000 or more. A sponsoring organization of one or more donor-advised funds.

Are nonprofits required to have an annual report?

Nonprofits aren't technically required to file an annual report, but they must file a similar report with the IRS. Form 990 is required to show the profits, losses, and expenses of your nonprofit over the past year. It's similar to an annual report but isn't exactly the same.

What are the different types of 990 forms?

Annual information returns include Form 990, Form 990-EZ and Form 990-PF. Form 990-N (e-Postcard) is an annual notice. Form 990 is the IRS' primary tool for gathering information about tax-exempt organizations, educating organizations about tax law requirements and promoting compliance.

Who fills out the IRS Form 990?

Tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations file Form 990 to provide the IRS with the information required by section 6033.

For pdfFiller’s FAQs

What is Form 990 (2008)?

Form 990 (2008) is an annual information return that tax-exempt organizations must file with the IRS to provide detailed financial information about their activities, governance, and compliance with tax regulations.

Who is required to file Form 990 (2008)?

Generally, tax-exempt organizations, including charities and non-profits, with gross receipts over a certain threshold must file Form 990, whereas smaller organizations may file Form 990-EZ or Form 990-N.

How to fill out Form 990 (2008)?

To fill out Form 990 (2008), organizations should gather financial records, follow the instructions provided by the IRS, and enter appropriate financial data, including revenue, expenses, and functional activities.

What is the purpose of Form 990 (2008)?

The purpose of Form 990 (2008) is to provide transparency and accountability for tax-exempt organizations, allowing the IRS and the public to assess their financial health and adherence to tax laws.

What information must be reported on Form 990 (2008)?

Form 990 (2008) requires reporting of financial data such as revenue, expenses, net assets, programs and services, governance structure, and compensation for key employees and board members.