Get the free Form 990-OF I - Foundation Center

Form Return of Private Foundation 990-OF I OMB No 1545-0052 or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury 2 Internal Revenue Service Note.

How to fill out form 990-of i

How to fill out form 990-of i?

1. Gather all necessary information and documents: Before starting to fill out form 990-of i, make sure you have all the required information and documents on hand. This may include details about your organization's activities, finances, and governance.
2. Review the form instructions: Familiarize yourself with the instructions provided with form 990-of i. These instructions will guide you through the process of filling out the form correctly. Make sure to understand all the requirements and definitions mentioned in the instructions.
3. Provide basic organizational information: Start by entering your organization's name, address, Employer Identification Number (EIN), and other basic identifying information at the top of the form.
4. Complete Part I - Summary: In Part I of the form, you will need to provide a summary of your organization's activities, mission, and programs. Additionally, you will be asked to provide information about your organization's exempt status and any changes that occurred during the tax year.
5. Fill out Part II - Governance, Management, and Disclosure: In this section, you will provide details about your organization's governing body, key employees, and policies related to governance and financial oversight. You may need to provide information about compensation, conflicts of interest policies, and other governance-related matters.
6. Provide financial information in Part III - Financial Data: This section requires you to disclose detailed financial information about your organization, including revenue, expenses, assets, and liabilities. You may need to attach additional schedules and disclosures depending on your organization's financial activities.
7. Complete Part IV - Reporting Requirements: In Part IV, you will address various specific reporting requirements depending on your organization's activities. This may include providing information about your organization's lobbying activities, political campaign involvement, and other related matters.
8. Attach necessary schedules and supporting documents: If required, attach any schedules or supporting documents that provide additional information or clarification about certain sections of the form. These attachments are an opportunity to provide more detailed information about your organization's activities.
9. Review and double-check your entries: Once you have completed the form, go through each section to ensure that all information provided is accurate and consistent. Mistakes or inconsistencies may lead to delays or further inquiries from the IRS.
10. Sign and submit the form: Finally, make sure to sign the completed form 990-of i as required. Keep a copy for your records and submit the form according to IRS instructions.

Who needs form 990-of i?

1. Organizations exempt from federal income tax: Form 990-of i is generally required to be filed by organizations that are exempt from federal income tax under section 501(a) of the Internal Revenue Code. This includes various types of nonprofits, such as charitable, religious, educational, and scientific organizations.
2. Organizations with gross receipts exceeding $200,000 or total assets exceeding $500,000: If your exempt organization has gross receipts exceeding $200,000 or total assets exceeding $500,000 at the end of the tax year, you are generally required to file form 990-of i.
3. Organizations that are private foundations: Private foundations, regardless of their financial status, are also required to file form 990-of i for the purpose of ensuring transparency and compliance with tax regulations.

Please note that the eligibility requirements and specific filing obligations may vary depending on the type of organization and its activities. It is advisable to consult with a tax professional or the IRS for guidance tailored to your organization's situation.

For pdfFiller’s FAQs

What is form 990-of i?

Form 990-of i is a form used by organizations to report their financial information to the IRS.

Who is required to file form 990-of i?

Organizations that are exempt from income tax under section 501(a) must file form 990-of i.

How to fill out form 990-of i?

Form 990-of i should be filled out by providing detailed financial information such as revenue, expenses, assets, and liabilities.

What is the purpose of form 990-of i?

The purpose of form 990-of i is to provide transparency and accountability for tax-exempt organizations.

What information must be reported on form 990-of i?

Information such as revenue, expenses, assets, liabilities, program services accomplishments, and governance must be reported on form 990-of i.

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