Get the free IRS Form 990 - FY2012 - Literacy Council of Northern Virginia

LITERACY COUNCIL OF NORTHERN VIRGINIA Part III Statement of Program Service Accomplishments Form 990 (2011) 1 23-7098748 Page 2 Check if Schedule O contains a response to any question in this Part

How to fill out irs form 990

How to fill out IRS Form 990:

1. Gather all necessary information and documents: Before starting to fill out Form 990, make sure you have all the relevant information and documents ready. This includes the organization's name, address, Employer Identification Number (EIN), financial statements, records of revenues and expenses, and any other supporting documentation required by the form.
2. Provide basic information: Begin by filling in the basic information at the top of the form, such as the organization's name, address, EIN, and the tax year being reported. It's important to ensure this information is accurate and up to date.
3. Complete Part I: Part I of Form 990 requires the organization to provide an overview of its mission, accomplishments, and activities during the tax year. This section also asks for details regarding the organization's governing body and key employees. Carefully answer each question and provide accurate information.
4. Financial Information: Proceed to complete Part II, which focuses on the organization's financial accounting methods, reporting of revenues and expenses, and disclosure of any specific financial transactions or arrangements. Provide all required financial details and attach any necessary schedules if applicable.
5. Program Service Accomplishments: Part III of Form 990 requires organizations to disclose their program service accomplishments during the year. Briefly describe the organization's primary exempt purpose achievements and the impact of its activities.
6. Report on Governance: In Part VI, organizations are required to provide information regarding governance, management policies, and disclosure practices. This section may involve reporting on the organization's board composition, policies and procedures, and details about conflicts of interest. Be sure to answer each question accurately and thoroughly.
7. Additional Schedules and Attachments: Depending on your organization's activities, size, and financial transactions, you might need to complete additional schedules or attach supporting documents. Be sure to carefully review the instructions to determine if any additional forms or schedules are required.

Who needs IRS Form 990?

1. Nonprofit organizations: IRS Form 990 is primarily used by tax-exempt organizations, including charitable, educational, religious, and other types of nonprofit organizations recognized by the IRS. It serves as a tool for these organizations to provide financial and operational information to the IRS, as well as to maintain transparency with the general public.
2. Organizations with gross receipts above a certain threshold: Generally, organizations with gross receipts over $200,000 or total assets over $500,000 must file Form 990. However, there are certain exceptions and variations based on the type and size of the organization. It's important to consult the IRS guidelines or seek professional advice to determine if your organization is required to file Form 990.
3. Exempt private foundations: Private foundations, regardless of their size, are required to file Form 990-PF instead of Form 990. This form specifically caters to private foundations and includes additional schedules and requirements specific to their operations.

In conclusion, anyone responsible for filing IRS Form 990 should carefully follow the instructions and provide accurate information regarding their organization's finances, activities, and governance. It's always recommended to seek professional advice or consult the IRS guidelines for specific requirements based on the organization's circumstances.

For pdfFiller’s FAQs

What is irs form 990?

IRS Form 990 is the annual information return that certain tax-exempt organizations must file with the IRS.

Who is required to file irs form 990?

Most tax-exempt organizations that have gross receipts of $200,000 or more or total assets of $500,000 or more are required to file IRS Form 990.

How to fill out irs form 990?

IRS Form 990 must be filled out with information about the organization's mission, programs, and finances for the tax year.

What is the purpose of irs form 990?

The purpose of IRS Form 990 is to provide the IRS and the public with information about the organization's finances and activities.

What information must be reported on irs form 990?

Information that must be reported on IRS Form 990 includes details about the organization's revenue, expenses, assets, and governance.

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