Get the free Form 990 Page 1 - Boys and Girls Club of bColumbiab - bgc-columbia

08×12/2015 Pg 9 Form 990 Return of Organization Exempt From Income Tax OMB No. 15450047 2014 Under section 501×c), 527, or 4947×a)(1) of the Internal Revenue Code (except private foundations) u

How to fill out form 990 page 1

How to fill out form 990 page 1:

1. Provide basic information: At the top of the form, enter the name of the organization, its employer identification number (EIN), mailing address, and other contact information as required.
2. Describe the organization's mission: In Part I, Section A, provide a brief description of the organization's mission or most significant activities. This will help the IRS understand the purpose and nature of the organization.
3. Indicate the organization's exempt status: In Part I, Section B, indicate the type of exempt organization, such as a charitable, educational, or religious organization. Provide additional information about the organization's legal status, public charity status, and any supporting schedules that may be required.
4. Provide financial data: In Part I, Section C, report the organization's revenue and expenses for the tax year. This includes information on contributions, program service revenue, grants, salaries, and other expenses. Use the instructions provided in the form to accurately report the financial data.
5. Report on the organization's employees, volunteers, and independent contractors: In Part I, Section D, provide information about the organization's employees, including officers, directors, and key employees. Report the total number of individuals receiving over $100,000 in compensation, as well as information about volunteers and independent contractors.
6. Answer additional questions: Page 1 of form 990 may contain various additional questions related to the organization's activities, governance, and compliance with tax regulations. Answer these questions accurately to provide a comprehensive overview of the organization's operations.

Who needs form 990 page 1?

1. Nonprofit organizations: Form 990 is typically required for tax-exempt nonprofit organizations, such as charities, foundations, educational institutions, and religious organizations. These organizations are required to file this form annually to provide information about their finances, governance, and activities.
2. Government agencies: Certain government agencies or instrumentalities may also need to file form 990 if they qualify for tax-exempt status. This requirement ensures transparency and accountability for publicly-funded entities.
3. Donors and stakeholders: Form 990 provides valuable information for donors and stakeholders who wish to assess the financial health and activities of an organization. It allows them to make informed decisions about supporting or partnering with a particular entity.

Please note that the specific requirements for form 990 may vary depending on the organization's size, revenue, and other factors. It is important to consult the IRS instructions or seek professional guidance to ensure accurate completion of the form.

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What is form 990 page 1?

Form 990 page 1 is the first page of the annual information return that certain tax-exempt organizations must file with the IRS to provide information about their activities, finances, and governance.

Who is required to file form 990 page 1?

Certain tax-exempt organizations, including charitable organizations, religious organizations, and social welfare organizations, are required to file Form 990 to maintain their tax-exempt status.

How to fill out form 990 page 1?

Form 990 page 1 must be filled out by providing information about the organization's mission, activities, revenue, and expenses. Organizations must follow the instructions provided by the IRS to complete the form accurately.

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 the organization's mission, programs, and financial activities. This helps ensure transparency and accountability for tax-exempt organizations.

What information must be reported on form 990 page 1?

Form 990 page 1 may require organizations to report information such as their mission statement, program accomplishments, revenue sources, and expenses. Organizations must also provide information about their governance structure and key employees.