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Explore Likewise, Inc.\'s tax-exempt activities and mission to support youth through educational programs in 2022. Detailed financial report and governance included.

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What is form 990?

Form 990 is an annual information return that most tax-exempt organizations in the United States must file with the IRS. It provides transparency regarding the organization's financial activities, governance, and compliance with tax rules.

Who is required to file form 990?

Organizations recognized as tax-exempt under section 501(c)(3) of the Internal Revenue Code, as well as many other types of tax-exempt entities, are required to file Form 990. However, certain small organizations with gross receipts below a specified threshold may be eligible to file a shorter version, Form 990-EZ or Form 990-N.

How to fill out form 990?

Form 990 can be filled out by gathering required financial documents and following the instructions provided by the IRS for the specific form. Organizations usually need to disclose financial information, governance practices, and the activities undertaken during the year. It's advisable to consult with an accountant or tax professional for assistance.

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 financial performance and its compliance with tax regulations. It serves to enhance transparency and accountability among nonprofits.

What information must be reported on form 990?

Organizations must report financial data, including revenue, expenses, assets, and liabilities, as well as information on governance, programs, and any changes to the organization's structure or activities.

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