Get the free Form 990 (2007) - fwrc

Filing Instructions for the FL Water Resources Conference, Inc. detailing the Exempt Organization Tax Return for the taxable year ended December 31, 2007. Includes information on mailing instructions,

How to fill out form 990 2007

How to fill out Form 990 (2007)

1. Gather your organization's financial records for the year.
2. Ensure you have your organization's name, address, and Employer Identification Number (EIN).
3. Complete the basic information section at the beginning of the form.
4. Fill out the statement of revenue, including contributions, program service revenue, and any other income.
5. Complete the functional expenses section, categorizing expenses into programs, management, and fundraising.
6. Provide information on your organization's balance sheet, including assets, liabilities, and net assets.
7. Review the governance section, detailing the organization's structure and key personnel.
8. Answer the questions regarding compliance with public support tests and other IRS requirements.
9. Ensure you complete Schedule A and any other relevant schedules based on your organization's activities.
10. Review and sign the form, ensuring all information is accurate before submission.

Who needs Form 990 (2007)?

1. Tax-exempt organizations with gross receipts over $200,000 or total assets over $500,000.
2. Organizations that are required to disclose their financial activities to the IRS.
3. Non-profit organizations that receive public or private funding and conduct charitable activities.
4. Entities seeking tax-exempt status must file Form 990 to provide transparency in operations.
5. Foundations and charities that provide grants or funding to other organizations.

People Also Ask about

Who has to be listed on a 990?

The organization must list all of its current officers, directors and trustees, as those terms are defined in the Glossary in the instructions, regardless of whether any compensation was paid to such individuals.

What is the 990 Part VII form?

Form 990 Part VII Definitions. The U.S. IRS Form 990, Part VII, Section A requires nonprofits to disclose the names of the organization's officers, directors, trustees (both individuals and organizations), key employees, and highly-compensated employees.

Who is required to fill out Form 990?

Form 990, Return of Organization Exempt From Income Tax An organization must file Form 990, if it is: An organization with either: ► gross receipts of $200,000 or more, or ► total assets of $500,000 or more. A sponsoring organization of one or more donor-advised funds.

How do I file Form 990 electronically?

How to File Form 990 Electronically Add Organization Details. Search for your EIN to import your organization's data automatically from the IRS. Choose Tax Year and Form. Tax 990 supports filing for the current and previous tax years. Enter Form Data. Review Your Form Summary. Transmit it to the IRS.

Where can I download Form 990?

The 990 is a public document that you can search for on the websites for the Secretary of State or the Attorney General where the organization is incorporated. In addition, 990s are available from a variety of open source and subscription sources. You may also request them from an organization or from the IRS.

What 2 types of organizations do not require filing a 990?

More In File Every organization exempt from federal income tax under Internal Revenue Code section 501(a) must file an annual information return except: A church, an interchurch organization of local units of a church, a convention or association of churches. An integrated auxiliary of a church.

Who needs to file a 990 form?

Most charitable nonprofits that are recognized by the IRS as tax-exempt have an obligation to file IRS Form 990, which is an annual information return to be filed with the IRS by the 15th day of the 5th month after the end of the organization's accounting period.

Who fills out IRS Form 990?

Tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations file Form 990 to provide the IRS with the information required by section 6033.

For pdfFiller’s FAQs

What is Form 990 (2007)?

Form 990 (2007) is an annual information return that tax-exempt organizations, non-profit organizations, and certain other organizations must file with the Internal Revenue Service (IRS) to provide a comprehensive overview of their financial activities.

Who is required to file Form 990 (2007)?

Organizations that are tax-exempt under Section 501(c)(3) and other sections of the IRS code are generally required to file Form 990 if their gross receipts are normally $200,000 or more, or if their total assets are $500,000 or more.

How to fill out Form 990 (2007)?

To fill out Form 990 (2007), organizations must provide accurate financial data, descriptions of their activities, governance structure, and compensation information in accordance with the IRS guidelines. It involves completing various sections of the form that relate to income, expenses, balance sheets, and program initiatives.

What is the purpose of Form 990 (2007)?

The purpose of Form 990 (2007) is to promote transparency and accountability in the non-profit sector by requiring organizations to disclose their financial information, governance practices, and adherence to compliance requirements, allowing the public and donors to evaluate their operations.

What information must be reported on Form 990 (2007)?

Form 990 (2007) requires organizations to report various types of information including revenue, expenses, net assets, functional expenses, compensation of highest-paid employees, a detailed description of the organization’s mission, major programs, and fundraising practices, among other disclosures.