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Form990OMB No. 15450047Return of Organization Exempt From Income Department of the Treasury Internal Revenue Servicemen to Public Inspection 0630, 20 22Go to www.irs.gov/Form990 for instructions and
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GFAC Form 990 is an informational tax return filed by tax-exempt organizations in the United States to provide the IRS with financial information about the organization's activities, governance, and compliance.
Organizations that are recognized as tax-exempt under Internal Revenue Code Section 501(c)(3) and certain other sections are required to file Form 990, with specific thresholds based on gross receipts and assets.
To fill out GFAC Form 990, organizations must gather financial statements, details on governance, program service accomplishments, and compensation of key personnel, and then complete the form according to the instructions provided by the IRS.
The purpose of GFAC Form 990 is to promote transparency and accountability among tax-exempt organizations by providing the IRS and the public with fundamental insights into how these organizations operate and manage their finances.
Form 990 requires reporting on income, expenses, assets, liabilities, executive compensation, governance policies, and program services.
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