Get the free Schedule B (Form 990) - Schedule of Contributors

PAGE 1 OF 12Schedule B Form 990, 990EZ, or 990PF 2017NEW HORIZONS OF SOUTHWEST FLORIDAPart I (a) No.113678086Contributors (see instructions). Use duplicate copies of Part I if additional space is

How to fill out schedule b form 990

How to fill out schedule b form 990

1. Download Schedule B Form 990 from the IRS website.
2. Read the instructions provided along with the form to ensure you have all the necessary information.
3. Fill in the top section of the form with your organization's name, address, and Employer Identification Number (EIN).
4. Provide information about each contributor who made aggregate contributions of $5,000 or more during the tax year.
5. - Fill out the name and address of the contributor.
6. - Indicate whether the contributor is an individual, corporation, partnership, trust, or other organization.
7. - Specify the type of contribution received (cash, non-cash, or both).
8. - Enter the value of the contribution received.
9. Provide additional details for contributors who gave non-cash contributions and received an acknowledgment from the organization.
10. - Specify the type of non-cash contribution received (e.g., securities, real estate, artworks).
11. - Enter the date the contribution was received.
12. - Provide a brief description of the non-cash contribution.
13. Repeat steps 4 and 5 for each contributor who met the $5,000 threshold.
14. Calculate the total contributions received from each contributor.
15. Add up all the contributions to get the total amount received during the tax year.
16. Review the completed form for accuracy and make any necessary corrections.
17. Sign and date the form.
18. Submit Schedule B Form 990 along with your Form 990 when filing your tax return with the IRS.

Who needs schedule b form 990?

1. Schedule B Form 990 is needed by tax-exempt organizations in the United States that received aggregate contributions of $5,000 or more during the tax year.
2. These organizations need to disclose information about their contributors, including their names, addresses, and contribution amounts.
3. The purpose of this form is to provide transparency and accountability in the financial operations of tax-exempt organizations.
4. It helps the IRS monitor large contributions made to these organizations and ensures compliance with tax laws and regulations.
5. The form is required for filing Form 990, which is the annual information return for tax-exempt organizations.

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What is schedule b form 990?

Schedule B of Form 990 is a supplementary form that nonprofit organizations submit with their annual tax return (Form 990) to provide detailed information about their contributors and the contributions received during the tax year.

Who is required to file schedule b form 990?

Organizations that are required to file Form 990 must also file Schedule B if they receive contributions of $5,000 or more from any single donor during the reporting period, and all private foundations must always file Schedule B with their Form 990-PF.

How to fill out schedule b form 990?

To fill out Schedule B, organizations must provide the names and addresses of contributors who donated $5,000 or more, indicate the amount contributed by each donor, and disclose any additional information as required by the form instructions.

What is the purpose of schedule b form 990?

The purpose of Schedule B is to provide transparency regarding the sources of an organization's funding, ensuring accountability by reporting significant contributors to the IRS and the public.

What information must be reported on schedule b form 990?

Schedule B requires reporting of the names and addresses of contributors who gave $5,000 or more, contribution amounts, the nature of the contributions (cash, property, etc.), and any conditions or restrictions related to the contributions.