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Detailed financial report for Brooklyn Heights Association, Inc. for the year 2021, outlining revenue, expenses, and program services.
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What is form 990?
Form 990 is an annual information return that tax-exempt organizations in the United States must file with the IRS to provide transparency about their activities, governance, and financial information.
Who is required to file form 990?
Most tax-exempt organizations, including charities, foundations, and other nonprofits with gross receipts over a certain threshold, are required to file Form 990. Smaller organizations may be eligible to file Form 990-EZ or Form 990-N instead.
How to fill out form 990?
To fill out Form 990, organizations must gather financial and operational information including revenue, expenses, and details about the governing body. The form can be completed using IRS guidelines or through tax software designed for nonprofits.
What is the purpose of form 990?
The purpose of Form 990 is to provide the IRS and the public with information about a tax-exempt organization's mission, programs, and finances, fostering transparency and accountability.
What information must be reported on form 990?
Form 990 requires reporting of financial data such as revenues, expenses, assets, liabilities, compensation of highest-paid employees, program accomplishments, and governance details.
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