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BEETROOTS 06/26/2018 8:56 AM990FormReturn of Organization Exempt From Income Department of the Treasury Internal Revenue Service For the 2017 calendar year, or tax year beginning B Check if applicable:
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The deeprootsincorguploads2018062017-form-990form 990 return is needed by organizations that are recognized and classified as tax-exempt under the Internal Revenue Code section 501(c)(3) or any other applicable section. These organizations include charities, religious organizations, educational institutions, and other nonprofit organizations. They are required to file the form 990 annually to provide financial information and demonstrate their compliance with the tax-exempt status requirements.
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The deeprootsincorguploads201806form-990form 990 return of refers to a specific IRS Form 990 submitted by the organization Deep Roots Inc., detailing their financial information, operations, and compliance with tax regulations.
Nonprofit organizations with gross receipts over $200,000 or total assets more than $500,000 at the end of the year are typically required to file Form 990.
To fill out Form 990, organizations must gather financial data such as revenues, expenses, assets, and liabilities. They then complete the form according to IRS instructions, ensuring accuracy and transparency of information provided.
The purpose of Form 990 is to provide the IRS and the public with information regarding a nonprofit's financial condition, governance, and activities, ensuring transparency and accountability.
The form requires reporting on financial statements, revenue sources, functional expenses, balance sheet items, governance practices, and information about the organization’s programs.
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