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Form 990 Return of Organization Exempt From Income Tax Department of the Treasury Internal Revenue Service A For the 2014 calendar year, or tax year beginning B Check if applicable: C Name of organization

How to fill out form 990 page 1

How to Fill out Form 990 Page 1:

1. Gather all necessary information: Before starting to fill out Form 990 page 1, make sure you have all the required information at hand. This includes details about your organization's finances, activities, governance, and any other significant information that needs to be reported on this form.
2. Provide basic information: Start by entering your organization's name, address, and Employer Identification Number (EIN) at the top of Form 990 page 1. This is essential for the IRS to identify your organization correctly.
3. Report the tax year: Indicate the tax year for which you are filing the Form 990 at the designated field. It is typically the calendar year in which your organization's accounting period ends.
4. Check the applicable box for your organization: There are different checkboxes available on Form 990 page 1 to indicate the organization's structure, such as whether it is a corporation, association, trust, or other types. Select the appropriate box that accurately describes your organization.
5. Specify the organization's mission statement: Provide a brief and concise description of your organization's mission or most significant activities. This is important to give the IRS an understanding of your organization's purpose and focus.
6. Check the applicable boxes for the organization's exempt status: If your organization is tax-exempt under a specific section of the IRS code, check the corresponding boxes to indicate your exempt status. This includes options for charitable, educational, religious, or other exempt purposes. Make sure to review the instructions accompanying the form to determine the appropriate category for your organization.
7. Complete Part I: Revenue, expenses, and changes in net assets or fund balances: In this section, provide detailed information about your organization's financial activities. Report the total revenue, expenses, and net assets or fund balances for the tax year. Additionally, provide a breakdown of revenue sources and types of expenses incurred.
8. Complete Part II: Signature Block: Sign and date the form in the designated signature block to certify that the information provided is accurate and complete to the best of your knowledge. This section may also require the signature of other authorized individuals, depending on your organization's structure and governing documents.

Who needs Form 990 page 1?

1. Nonprofit organizations: Form 990 page 1 is primarily required for nonprofit organizations, including 501(c)(3) public charities, private foundations, and other tax-exempt entities. These organizations are obligated to file Form 990 annually with the IRS to provide transparency and accountability regarding their finances, activities, and compliance with tax-exempt requirements.
2. Organizations with gross receipts above a certain threshold: Generally, organizations with gross receipts exceeding $200,000 or total assets over $500,000 are required to file Form 990. However, these thresholds can vary depending on the organization's type and the specific section of the IRS code under which it operates. It is advisable to consult the instructions or seek professional guidance to determine if your organization needs to file Form 990 page 1.
3. Public disclosure: Besides the IRS, Form 990 is also used to provide the public with information about a nonprofit organization's operations, finances, and governance. It is publicly available, allowing donors, stakeholders, and the general public to evaluate an organization's performance and make informed decisions regarding their involvement or support.

Remember, this is just a general overview of how to fill out Form 990 page 1 and who typically needs to file it. It is crucial to consult the specific instructions provided by the IRS for accurate and detailed guidance tailored to your organization's circumstances.

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What is form 990 page 1?

Form 990 page 1 is the first page of the Form 990 series, which is used by tax-exempt organizations to provide information on their financial activities to the IRS.

Who is required to file form 990 page 1?

Tax-exempt organizations, including charitable organizations, religious organizations, and educational institutions, are required to file Form 990 page 1 with the IRS.

How to fill out form 990 page 1?

To fill out Form 990 page 1, organizations must provide information on their mission, program service accomplishments, revenue sources, expenses, and key staff members.

What is the purpose of form 990 page 1?

The purpose of Form 990 page 1 is to provide the IRS and the public with information about a tax-exempt organization's financial activities, governance, and compliance with tax laws.

What information must be reported on form 990 page 1?

Information that must be reported on Form 990 page 1 includes the organization's name, address, mission statement, program service accomplishments, revenue sources, expenses, and key staff members.