Get the free Form 990 2010 - Community Action Network - canannarbor

BREDERNITZ, WAGNER & CO., P.C. 109 W. CLINTON ST HOWELL, MI 48843-1565 517-546-2130 January 7, 2011, CONFIDENTIAL COMMUNITY ACTION NETWORK 815 TAYLOR STREET ANN ARBOR, MI 48105 Dear Joan: We have

How to fill out form 990 2010

How to fill out form 990 2010:

1. Gather all necessary information: Before beginning to fill out form 990 2010, make sure you have all the necessary information at hand. This includes details about your organization's finances, programs, governance, and other relevant information.
2. Start with basic information: Begin filling out form 990 2010 by providing your organization's basic information such as its name, address, EIN (Employer Identification Number), and fiscal year.
3. Complete Part I: Part I of form 990 2010 requires you to provide a detailed description of your organization's mission and activities. Explain the purpose of your organization and the programs it runs, and provide sufficient information to help the IRS understand your organization's operations.
4. Provide financial information: In Part II, you need to provide financial information regarding your organization's revenues, expenses, and assets. This includes reporting your organization's gross receipts, various types of revenues, program and administrative expenses, and details about your organization's assets and liabilities.
5. Report governance and management: Part III of form 990 2010 focuses on the governance and management of your organization. You need to disclose information about your board of directors, policies and procedures, and any potential conflicts of interest. Additionally, you may need to provide information about your organization's top management officials and key employees.
6. Complete the remaining sections: The subsequent parts of form 990 2010 require you to provide detailed information about your organization's compliance with various tax requirements, such as public support tests, lobbying activities, and political campaign intervention. Fill out these sections based on your organization's specific circumstances.

Who needs form 990 2010:

1. Nonprofit organizations: Form 990 2010 is typically required for tax-exempt organizations under section 501(c) of the Internal Revenue Code. This includes most nonprofit organizations, charitable organizations, educational institutions, and religious organizations.
2. Organizations with gross receipts above a certain threshold: You need to file form 990 2010 if your organization's gross receipts exceed or have averaged more than $200,000 in any of the past three years.
3. Organizations with significant assets: If your organization's total assets are worth more than $500,000, you are generally required to file form 990 2010.
4. Certain other types of organizations: Some organizations, such as private foundations, hospitals, and political organizations, may have specific filing requirements based on their organizational structure or activities.

It is important to note that the requirements for filing form 990 may vary, and it is always advisable to consult with a tax professional or refer to the IRS guidelines to ensure compliance with the applicable regulations.

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What is form 990 - community?

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

Who is required to file form 990 - community?

Nonprofit organizations that fall under section 501(c)(3) of the Internal Revenue Code and have annual gross receipts of $200,000 or more, or total assets of $500,000 or more, are required to file Form 990 - Community.

How to fill out form 990 - community?

Form 990 - Community can be filled out online or manually by providing information on the organization's finances, programs, governance, and other relevant details. It is important to ensure accurate and complete information is provided.

What is the purpose of form 990 - community?

The purpose of Form 990 - Community is to provide transparency about the financial operations and activities of tax-exempt organizations to the IRS and the public.

What information must be reported on form 990 - community?

Form 990 - Community requires information about the organization's revenue, expenses, assets, activities, governance structure, and compensation of key employees.