Get the free Foundation 990 Form - Catholic Charities - ccmke

EXTENDED TO AUGUST 15, 2016, Form Return of Organization Exempt From Income Tax 990 OMB No. 15450047 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)

How to fill out foundation 990 form

Point by point, here is how to fill out a foundation 990 form and an explanation of who needs this form:

Gather necessary information:

1. Collect information about your foundation, such as its name, address, and tax identification number (EIN).
2. Compile financial records, including income, expenses, and assets.
3. Keep track of any grants or distributions made during the tax year.

Obtain the correct form:

1. The foundation 990 form refers to the annual informational return for tax-exempt organizations, specifically private foundations.
2. Ensure you are using the appropriate version of the form, as they may vary depending on the foundation's size and activities.

Complete the basic information:

1. Fill out the top section of the form, providing details such as the foundation's name, address, and EIN.
2. Indicate the fiscal year for which you are filing, as it may differ from the calendar year.

Answer specific questions:

1. The form will contain various sections and questions related to the foundation's activities, finances, and governance.
2. Provide accurate information about the foundation's charitable activities, including grants awarded and expenses incurred.
3. Report compensation details of officers, directors, trustees, and key employees.
4. Disclose any potential conflicts of interest or relationships with disqualified individuals.
5. Describe any program-related investments or loans made by the foundation.
6. Report lobbying and political activities, if applicable.

Attach additional schedules (if necessary):

1. Depending on the complexity of the foundation's operations, you may need to attach supplementary schedules to provide extra information.
2. These schedules can include details about specific grants, investments, or foreign activities.

Review and sign:

1. Carefully review the completed form for any errors or omissions.
2. Ensure the form is signed by an authorized individual, such as the foundation's president or treasurer.
3. Submit the form by the required deadline, usually the 15th day of the fifth month after the end of the foundation's fiscal year.

Who needs foundation 990 form?

1. Private foundations are required by the Internal Revenue Service (IRS) to file the foundation 990 form annually.
2. This includes organizations established for charitable, educational, religious, scientific, literary, or other similar purposes, which maintain assets and make grants for tax-exempt activities.

Note: It is recommended to consult with a tax professional or reference the official IRS guidelines for detailed instructions on how to properly fill out the foundation 990 form.

For pdfFiller’s FAQs

What is foundation 990 form?

The foundation 990 form is a form that tax-exempt organizations must file with the IRS to provide information about their finances and operations.

Who is required to file foundation 990 form?

Nonprofit organizations that have been recognized as tax-exempt under section 501(c)(3) of the Internal Revenue Code are required to file foundation 990 form.

How to fill out foundation 990 form?

Foundation 990 form can be filled out online or by mail. The organization must provide information about their income, expenses, assets, and activities.

What is the purpose of foundation 990 form?

The purpose of foundation 990 form is to provide transparency and accountability for tax-exempt organizations and to ensure they are operating in accordance with their tax-exempt status.

What information must be reported on foundation 990 form?

The foundation 990 form requires organizations to report their income, expenses, assets, activities, governance structure, and executive compensation.

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