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Form 990 O M B N o. 1545-0047 Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)
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Form 990 is an information return that certain organizations file with the Internal Revenue Service (IRS) to provide details about their financial activities, governance, and programs.
Nonprofit organizations, including charitable, religious, educational, and social welfare organizations, are generally required to file Form 990 if they have gross receipts of $200,000 or more or total assets of $500,000 or more.
To fill out Form 990, organizations must provide information about their finances, governance, charitable programs, compensation of key individuals, and other aspects of their operations. The form can be completed either electronically or on paper, following the instructions provided by the IRS.
The purpose of Form 990 is to promote transparency and accountability in the nonprofit sector by providing the public and the IRS with information about the organization's finances, activities, and governance.
Form 990 requires organizations to report information about their revenue, expenses, assets, liabilities, program accomplishments, governance, and compensation of key individuals. Detailed schedules are also required to provide additional information on specific activities or transactions.
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