Get the free Form 990 - University of Iowa Foundation - uifoundation

Public Inspection STATE UNIVERSITY OF IOWA FOUNDATION Part III Statement of Program Service Accomplishments Form 990 (2013) 1 42-0796760 Page 2 Check if Schedule O contains a response or note to any

How to fill out form 990 - university

How to fill out form 990 - university:

1. Start by gathering the necessary information and documents, such as the university's financial statements, revenue and expense reports, and other relevant financial information.
2. Review the instructions and guidelines provided by the Internal Revenue Service (IRS) for Form 990. Familiarize yourself with the different sections and schedules of the form.
3. Begin filling out the basic information section, which includes the university's name, address, Employer Identification Number (EIN), and fiscal year. Provide accurate and up-to-date contact information.
4. Proceed to Part I: Summary. This section requires you to provide an overview of the university's activities and accomplishments during the fiscal year. Describe the organization's mission and programs, as well as any significant changes that have occurred.
5. Move on to Part II: Signature Block. This section requires the university's authorized individual(s) to sign the form, acknowledging that the information provided is accurate and complete to the best of their knowledge.
6. Complete the remaining sections and schedules of Form 990, which may include detailed financial statements, program services, governance information, and compensation details for key employees.
7. Ensure that all required schedules and attachments are included with the form. Review the form thoroughly to check for any errors or incomplete sections before submitting it to the IRS.
8. Retain a copy of the completed Form 990 for the university's records.

Who needs form 990 - university:

1. Universities and other educational institutions exempt from income tax under section 501(c)(3) of the Internal Revenue Code are required to file Form 990 with the IRS.
2. It is important for universities to annually file this form to maintain their tax-exempt status and provide transparency regarding their financial activities and governance.
3. Form 990 helps the IRS and the public to evaluate the university's financial health, the allocation of resources, and compliance with tax laws and regulations.
4. Additionally, Form 990 provides valuable information to donors, stakeholders, and the general public about the university's financial practices, programs, and impact on the community.
5. Filing Form 990 allows universities to demonstrate their commitment to transparency, accountability, and good governance practices.
6. Not filing or submitting an incomplete or inaccurate Form 990 could result in penalties, loss of tax-exempt status, and damage to the university's reputation.

For pdfFiller’s FAQs

What is form 990 - university?

Form 990 is the annual information return that certain tax-exempt organizations, including universities, must file with the IRS.

Who is required to file form 990 - university?

Universities and other tax-exempt organizations with gross receipts of $200,000 or assets worth $500,000 are required to file Form 990.

How to fill out form 990 - university?

Form 990 - university must be completed with detailed financial and operational information, including revenue, expenses, assets, and activities.

What is the purpose of form 990 - university?

The purpose of Form 990 - university is to provide the IRS and the public with information about the organization's finances, activities, and governance.

What information must be reported on form 990 - university?

Information such as revenue, expenses, assets, activities, executive compensation, and governance structure must be reported on Form 990 - university.

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