Get the free Condensed 2016 Form 990-EZ

Form990EZShort Form Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) department of the Treasury Internal

How to fill out condensed 2016 form 990-ez

How to fill out condensed 2016 form 990-ez

1. To fill out the condensed 2016 form 990-ez, follow these steps:
2. Gather all the necessary financial information, including revenue, expenses, assets, and liabilities.
3. Start by entering the organization's name, address, and EIN (Employee Identification Number).
4. Provide a brief statement describing the organization's mission and primary activities.
5. Complete Part I - Revenue, Expenses, and Changes in Net Assets.
6. Report the organization's total revenue and start detailing various categories of revenue, such as contributions, program service revenue, and investment income.
7. Disclose the organization's total expenses and specify different expense categories, including program expenses, administrative expenses, and fundraising expenses.
8. Calculate the changes in net assets by subtracting total expenses from total revenue.
9. Complete Part II - Balance Sheets.
10. Provide the organization's total assets and detail various asset categories, including cash, investments, and property.
11. Report the organization's total liabilities, such as accounts payable, loans, and mortgages.
12. Calculate the organization's net assets by subtracting total liabilities from total assets.
13. Complete Part III - Statement of Program Service Accomplishments.
14. Provide a brief description of each program or service offered by the organization and specify the related expenses.
15. Complete Part IV - Checklist of Required Schedules.
16. Review the checklist and attach any necessary schedules, if applicable.
17. Provide the organization's name, address, and EIN on each schedule.
18. Sign and date the form 990-ez.
19. Keep a copy of the completed form for your records and submit it to the appropriate tax authority.

Who needs condensed 2016 form 990-ez?

1. Condensed 2016 form 990-ez is needed by tax-exempt organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the tax year. This form provides a simplified version of the full form 990 for smaller organizations to report their financial information to the IRS.

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What is condensed form 990-ez?

Condensed form 990-EZ is a shortened version of Form 990 that certain organizations can use to provide a summary of their financial information.

Who is required to file condensed form 990-ez?

Organizations with gross receipts less than $200,000 and total assets less than $500,000 are eligible to file condensed form 990-EZ.

How to fill out condensed form 990-ez?

Condensed form 990-EZ can be filled out by providing information on gross receipts, assets, expenses, and other financial details of the organization.

What is the purpose of condensed form 990-ez?

The purpose of condensed form 990-EZ is to provide the IRS and the public with a summary of financial information of certain organizations in a simplified format.

What information must be reported on condensed form 990-ez?

Condensed form 990-EZ requires organizations to report details on gross receipts, assets, expenses, program service accomplishments, and other relevant financial information.