Get the free SCHEDULE I (Form 990) Name of the organization 2 91 Yes Grants and Other Assistance ...

SCHEDULE I (Form 990) Name of the organization 2 91 Yes Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered ? Yes? To Form 990,

How to fill out schedule i form 990

How to fill out Schedule I Form 990:

1. Gather necessary information: Before starting to fill out Schedule I Form 990, make sure you have all the required information handy. This includes details about the organization's financial activities, grants, contributions, and investments.
2. Provide organizational information: Begin by providing the necessary information about your organization, such as its name, address, Employer Identification Number (EIN), and the tax year being reported.
3. Report information on grants and other assistance: Schedule I requires you to report grants and other assistance made to organizations or individuals. Include the recipient's name, address, EIN, and the purpose of the grant or assistance. Specify whether the grant is domestic or international.
4. Disclose compensation: If your organization provided compensation to any officers, directors, trustees, key employees, highest compensated employees, or independent contractors during the tax year, you need to disclose it on this form. Include their names, titles, roles, and the amount of compensation they received.
5. Declare investments: Schedule I also requires you to report any investments your organization holds. Provide details of each investment, such as the type of investment, its fair market value, income received from it, and any unrelated business taxable income generated.
6. Complete the rest of the form: Schedule I may require additional information depending on your organization's activities. Make sure to carefully review the form instructions and provide any other necessary details.

Who needs Schedule I Form 990?

1. Nonprofit organizations: Schedule I Form 990 is typically required for nonprofit organizations, specifically those that are tax-exempt under section 501(c)(3) of the Internal Revenue Code. These organizations include charities, educational institutions, religious groups, scientific organizations, and more.
2. Organizations with certain financial activities: If your nonprofit organization has engaged in specific financial activities such as providing grants, assistance, compensation to key individuals, or investing in certain types of assets, you may be required to file Schedule I along with Form 990.
3. Organizations with substantial international activities: Nonprofits involved in significant international activities, such as providing grants or assistance to foreign organizations or conducting program activities outside the United States, are also likely to need to complete Schedule I.

It's important to note that the specific requirements for filing Schedule I may vary based on the organization's size, financial activities, and other factors. It is recommended to consult with a tax professional or refer to the IRS guidelines to ensure accurate and complete reporting.

For pdfFiller’s FAQs

What is schedule I form 990?

Schedule I form 990 is an information return filed by tax-exempt organizations to provide additional details about grants and other assistance provided to individuals or organizations outside of their tax-exempt purpose.

Who is required to file schedule I form 990?

Tax-exempt organizations that provide grants, assistance, or other similar payments to individuals or organizations outside of their tax-exempt purpose are required to file schedule I form 990.

How to fill out schedule I form 990?

To fill out schedule I form 990, tax-exempt organizations need to provide details about the grants or assistance they provided, including the recipient's name, address, purpose of the assistance, and the amount. The organization should ensure accurate and complete reporting.

What is the purpose of schedule I form 990?

The purpose of schedule I form 990 is to provide transparency and accountability regarding the grants and assistance provided by tax-exempt organizations. It helps ensure that these organizations are fulfilling their tax-exempt purposes and not engaging in improper activities.

What information must be reported on schedule I form 990?

On schedule I form 990, tax-exempt organizations must report the recipient's name, address, purpose of the assistance or grant, and the amount provided. They may also need to provide additional details depending on the specific situation.

How can I send schedule i form 990 for eSignature?

When you're ready to share your schedule i form 990, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

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