Get the free Form 990 - Community Foundation of St. Clair County - stclairfoundation

3383 05/04/2011 1:59 PM 8868 Form Application for Extension of Time To File an Exempt Organization Return (Rev. January 2011) Department of the Treasury Internal Revenue Service OMB No. 1545-1709

How to fill out form 990 - community

How to Fill Out Form 990 - Community:

Gather all necessary information and documents:

1. Begin by collecting important financial data, such as revenue, expenses, and assets. This may include bank statements, receipts, and other financial records.
2. Compile a list of key personnel and their roles within the community organization. This includes board members, officers, and employees.
3. Make sure to have information about any programs or activities conducted by the community organization during the reporting year.

Familiarize yourself with the form and its instructions:

1. Obtain a copy of Form 990 - Community from the Internal Revenue Service (IRS) website, along with the corresponding instructions.
2. Read through the instructions carefully to understand the different sections and requirements of the form.
3. Pay close attention to any specific reporting instructions for community organizations.

Complete the identifying information:

1. Start by entering the community organization's name, address, Employer Identification Number (EIN), and other basic details.
2. Provide contact information for the person responsible for completing the form.

Provide an overview of the organization:

1. Describe the community organization's mission, accomplishments, and significant activities during the reporting year.
2. Include information about any changes in the organization's structure or purpose, if applicable.

Report on governance and management:

1. Disclose the composition of the organization's governing body, including names and titles of officers and directors.
2. Indicate whether the organization has adopted various policies and practices recommended by the IRS.
3. Provide details about the processes followed for determining compensation of key personnel.

Provide financial information:

1. Complete the statement of revenue and expenses, including information on contributions, grants, program fees, and expenses.
2. Report on any investments, assets, and liabilities of the organization.
3. Ensure accurate and detailed reporting of financial data, adhering to the instructions provided.

Answer additional questions:

1. Respond to specific questions relating to the community organization's activities, compliance with tax laws, and other relevant matters.
2. Review the instructions to address any limitations on answering certain questions based on the organization's size or activities.

Review and submit the form:

1. Thoroughly review the completed form to ensure all information is accurate and complete.
2. Make sure all required schedules and attachments are included.
3. Submit the form by the designated due date, usually the 15th day of the 5th month after the community organization's fiscal year ends.

Who needs Form 990 - Community?

Community organizations, such as nonprofits, charities, and social welfare organizations, are typically required to file Form 990 with the IRS. This form provides important financial information about the organization, ensuring transparency and accountability. Entities with gross receipts of $50,000 or more during the fiscal year are generally required to file Form 990 or one of its variants, depending on the organization's size and activities. Filing Form 990 - Community allows the IRS and the general public to assess the organization's operations, governance, and financial practices.

For pdfFiller’s FAQs

What is form 990 - community?

Form 990 - Community is a tax form used by tax-exempt organizations to provide the IRS with information about their activities and finances.

Who is required to file form 990 - community?

Nonprofit organizations and charities with tax-exempt status under section 501(c)(3) of the Internal Revenue Code are required to file Form 990 - Community.

How to fill out form 990 - community?

Form 990 - Community can be filled out electronically using tax preparation software or by hand. Organizations must provide details about their finances, activities, and governance.

What is the purpose of form 990 - community?

The purpose of Form 990 - Community is to provide transparency and accountability to the public and the IRS regarding the activities and finances of tax-exempt organizations.

What information must be reported on form 990 - community?

Form 990 - Community requires organizations to report details about their revenue, expenses, programs, governance, and compliance with tax laws.

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