Get the free Form 990 (2008)

This document outlines the financial activities, program accomplishments, governance, and compliance of Bread for the World Institute for the year 2008, including financial statements and details

How to fill out form 990 2008

How to fill out Form 990 (2008)

1. Gather necessary financial documents (financial statements, balance sheets).
2. Determine the appropriate year for the form (in this case, 2008).
3. Download Form 990 (2008) from the IRS website or obtain a physical copy.
4. Fill out the basic information section (organization name, address, EIN, etc.).
5. Complete the statement of revenue section by listing all sources of income.
6. Fill in the statement of functional expenses detailing expenses by function (program, management, fundraising).
7. Provide details about balance sheet items, including assets and liabilities.
8. Answer questions in the governance section regarding board composition and policies.
9. Attach additional schedules as required based on the organization’s activities.
10. Review the completed form for accuracy and ensure compliance with IRS guidelines.
11. Sign and date the form, and file it with the IRS by the deadline.

Who needs Form 990 (2008)?

1. Charitable organizations exempt from federal income tax under section 501(c) of the Internal Revenue Code.
2. Non-profit organizations that receive gross receipts of $200,000 or more per year or have total assets of $500,000 or more.
3. Organizations that are required to provide public disclosure of their finances.
4. Certain private foundations and organizations that are eligible to file Form 990.

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 in the United States are required to file with the Internal Revenue Service (IRS). It provides details about the organization's financial activities, governance, and compliance with federal tax laws.

Who is required to file Form 990 (2008)?

Most tax-exempt organizations, including charities, non-profits, and certain other organizations, with gross receipts above a specific threshold must file Form 990 (2008). Smaller organizations may be required to file a simplified version, such as Form 990-EZ or Form 990-N.

How to fill out Form 990 (2008)?

To fill out Form 990 (2008), organizations must gather financial records, information about their governance, and details about their programs and activities. They should complete the form section by section, ensuring all required information is accurate, and then file it electronically or by mail to the IRS.

What is the purpose of Form 990 (2008)?

The purpose of Form 990 (2008) is to provide transparency and accountability for tax-exempt organizations. It allows the IRS, the public, and other stakeholders to evaluate the organization's financial health, governance practices, and adherence to tax regulations.

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

Form 990 (2008) requires organizations to report information such as their revenue, expenses, net assets, compensation of highest-paid employees, governance structure, program achievements, and details about contributions and grants.