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11683 07/20/2018 11:50 Forms 990 / 990EZ Return Summary
For calendar year 2017, or tax year beginning, and endingNORTH GEORGIA COMMUNITY FOUNDATION,
INC.*****0318
49,532,658Net Asset / Fund Balance
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How to fill out excess deficit
How to fill out excess deficit
01
Calculate the excess deficit by subtracting the actual deficit from the target deficit.
02
Identify the areas where the deficit is exceeding the target.
03
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04
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What is excess deficit?
Excess deficit is the amount by which total liabilities exceed total assets.
Who is required to file excess deficit?
Entities that meet certain criteria set by regulatory bodies may be required to file excess deficit.
How to fill out excess deficit?
Excess deficit can be filled out by providing detailed information about assets, liabilities, and other financial data.
What is the purpose of excess deficit?
The purpose of excess deficit is to provide transparency and insight into an entity's financial health.
What information must be reported on excess deficit?
Information such as total assets, total liabilities, and details of any deficits must be reported on excess deficit.
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