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This Form 990 provides detailed financial information about HSPVA Friends, a 501(c)(3) organization supporting Kinder High School for the Performing and Visual Arts, for the year 2018.
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What is form 990?
Form 990 is an annual information return required to be filed by tax-exempt organizations in the United States. It provides the Internal Revenue Service (IRS) and the public with information about the organization's activities, governance, and finances.
Who is required to file form 990?
Most tax-exempt organizations, including charities and non-profits, with gross receipts over $200,000 or total assets exceeding $500,000, are required to file Form 990. Smaller organizations may file Form 990-EZ or Form 990-N, depending on their financial situation.
How to fill out form 990?
To fill out Form 990, organizations must gather financial information, details about their activities, governance, and compliance status. The form can be completed using software, through online filing, or by hand, and must adhere to IRS instructions to ensure accuracy.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency into the financial and operational aspects of tax-exempt organizations. It helps the IRS oversee compliance, and assists donors, grantmakers, and the public in making informed decisions.
What information must be reported on form 990?
Form 990 requires organizations to report information including revenue, expenses, changes in net assets, details about governance and management, and information regarding compensation for highest-paid employees and contractors.
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