Get the free IRS Form 990 Schedule B - Continental Divide Land Trust - cdlt

Schedule B OMB No. 1545-0047 Schedule of Contributors (Form 990, 990-EZ, or 990-PF) Supplementary Information for line 1 of Form 990, 990-EZ, and 990-PF (see instructions) Department of the Treasury

How to fill out irs form 990 schedule

How to fill out IRS Form 990 Schedule:

1. Gather all necessary information: Before filling out the IRS Form 990 Schedule, make sure you have all the required information handy. This includes details about your organization's activities, revenue, expenses, assets, and liabilities.
2. Review the instructions: The IRS provides detailed instructions for completing the Form 990 Schedule. It is essential to read through these guidelines carefully to understand the specific requirements and rules.
3. Provide basic identifying information: Start by entering the name, address, and Employer Identification Number (EIN) of your organization at the top of the form. This ensures that the IRS can correctly identify your nonprofit.
4. Complete Part I: Part I of the Form 990 Schedule focuses on providing an overview of your organization's activities. Here, you will answer questions related to the programs and initiatives your organization engages in, the population served, and any joint ventures or collaborations.
5. Fill out Part II: Part II requires you to report revenue and expenses from program services. Provide detailed information about the different types of program services offered by your organization and the associated revenues and expenses.
6. Provide additional details in Part III: Part III of the Form 990 Schedule allows your organization to provide more information about certain programs and initiatives. It is an opportunity to explain the significance and impact of these programs.
7. Complete Part IV: Part IV focuses on reporting revenue and expenses from fundraising events. Provide detailed information about any fundraising activities conducted during the tax year, including the total revenue generated and associated expenses.
8. Fill out Part V: Part V requires you to report revenue and expenses from gaming activities, such as raffles or bingo games. Provide detailed information about these activities, including the total revenue generated and expenses incurred.
9. Provide any necessary attachments: Depending on your organization's activities and financial situation, you may need to attach additional schedules or supporting documentation. Make sure to carefully review the instructions to determine any required attachments.
10. Review and double-check: Before submitting your Form 990 Schedule, carefully review all the information provided, ensuring accuracy and completeness. Mistakes or omissions can lead to penalties or delays in the processing of your nonprofit's tax-exempt status.

Who needs IRS Form 990 Schedule:

1. Nonprofit organizations: IRS Form 990 Schedule is typically required for tax-exempt nonprofit organizations under section 501(c)(3) of the Internal Revenue Code. These organizations include charitable, religious, educational, scientific, and other similar entities.
2. Organizations with gross receipts above a certain threshold: Nonprofit organizations with gross receipts exceeding $200,000 or total assets over $500,000 are generally required to file IRS Form 990. The Schedule may be necessary to provide more detailed financial information.
3. Organizations supporting other exempt organizations: Certain organizations that provide financial support to other tax-exempt organizations may also need to file IRS Form 990 Schedule. This includes organizations that act as supporting organizations or foundations.
4. Organizations engaging in specific activities: Nonprofit organizations engaged in particular activities, such as conducting fundraising events or gaming activities, may be required to fill out specific sections of the Form 990 Schedule to report relevant revenue and expenses.

It is important to consult the IRS instructions and guidelines or seek professional advice to determine whether your organization specifically needs to file IRS Form 990 Schedule or any other related forms.

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What is irs form 990 schedule?

Form 990 schedule is a supplementary form to IRS Form 990 which provides additional details about the organization's activities and financial information.

Who is required to file irs form 990 schedule?

Nonprofit organizations that meet certain criteria, such as having gross receipts over $200,000 or total assets over $500,000, are required to file IRS Form 990 along with any necessary schedules.

How to fill out irs form 990 schedule?

IRS Form 990 Schedule can be filled out by providing detailed information about the organization's expenses, revenue sources, and activities as outlined in the form instructions.

What is the purpose of irs form 990 schedule?

The purpose of IRS Form 990 Schedule is to provide the IRS and the public with a more detailed understanding of a nonprofit organization's mission, activities, and financial status.

What information must be reported on irs form 990 schedule?

Information such as program service accomplishments, revenue from fundraising events, compensation of key employees, and financial transactions with interested persons must be reported on IRS Form 990 Schedule.