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Detailed financial report of the San Ramon Valley Education Foundation for 2017, highlighting tax-exempt status, program services, and financial performance.
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What is form 990?
Form 990 is a federal tax form that organizations in the United States use to provide the IRS with information about their financial activities, governance, and compliance with tax laws.
Who is required to file form 990?
Most tax-exempt organizations, including charities and nonprofits with gross receipts over a certain threshold, are required to file Form 990. Smaller organizations may file Form 990-EZ or Form 990-N instead.
How to fill out form 990?
Form 990 can be filled out manually or electronically. Organizations need to provide financial data, program details, governing body information, and compliance with regulations. It is advisable to refer to the IRS instructions for specific line items.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency regarding the financial activities of tax-exempt organizations, ensuring they operate in the public interest and comply with tax regulations.
What information must be reported on form 990?
Form 990 requires organizations to report financial statements, revenue sources, expenses, compensation for highest-paid employees, governance practices, and information about programs and services.
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