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TAX RETURN FILING INSTRUCTIONS FORM 990FOR THE YEAR ENDING DECEMBER 31, 2022 PREPARED FOR: THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM 2100 1ST AVENUE NORTH 700 BIRMINGHAM, AL 35203 PREPARED BY:
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Form Community Foundation OF is a specific document used by community foundations to report their financial activities and provide transparency regarding their operations and compliance with IRS regulations.
Community foundations that are recognized as tax-exempt organizations under section 501(c)(3) of the Internal Revenue Code are required to file Form Community Foundation OF.
To fill out Form Community Foundation OF, organizations must complete each section accurately, including financial data, program service accomplishments, governance information, and other required disclosures. It is advisable to consult with a tax professional or accountant.
The purpose of Form Community Foundation OF is to promote transparency and accountability among community foundations, ensuring they follow IRS rules and effectively manage donor funds.
Form Community Foundation OF requires the reporting of financial statements, revenue sources, expenditures, grants made, governance structure, and donor information among other operational details.
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