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Detailed financial summary for 2022 of Detroiters Working for Environmental Justice, including revenue, expenses, and net assets.
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What is form 990 990-ez return?
Form 990 is a federal tax return required to be filed by tax-exempt organizations, including charities, to provide the IRS with information about their financial activities, governance, and compliance with tax laws. Form 990-EZ is a shorter version of Form 990 and is used by smaller organizations.
Who is required to file form 990 990-ez return?
Organizations that have tax-exempt status under section 501(c)(3) and have gross receipts of less than $200,000 and total assets of less than $500,000 at the end of the year are required to file Form 990-EZ. Larger organizations need to use the full Form 990.
How to fill out form 990 990-ez return?
To fill out Form 990-EZ, organizations must gather financial information including revenue, expenses, assets, and liabilities. They will also need to provide details about their mission, programs, and governance. The form consists of several parts and schedules that need to be completed based on the organization's specific circumstances.
What is the purpose of form 990 990-ez return?
The purpose of Form 990 and Form 990-EZ is to provide transparency about the financial activities and governance of tax-exempt organizations. It helps the IRS ensure compliance with tax laws and facilitates public accountability by allowing donors and the public to access information about nonprofit organizations.
What information must be reported on form 990 990-ez return?
Form 990-EZ requires reporting of financial information such as total revenue, total expenses, net assets, program service accomplishments, governance structure, and any changes in the organization during the year, as well as compensation for key employees and independent contractors.
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