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Discover the 2018 Form 990 for Kalamazoo Symphony Orchestra detailing its mission, financials, and organizational details. Click to learn more!
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What is form 990?
Form 990 is an annual reporting return that organizations exempt from income tax must file with the IRS. It provides information about the organization’s mission, programs, and finances.
Who is required to file form 990?
Most tax-exempt organizations, including charities and non-profits, are required to file Form 990. Smaller organizations may be eligible to file a simpler version, such as Form 990-EZ or Form 990-N.
How to fill out form 990?
Form 990 can be filled out electronically or by hand. Organizations need to provide accurate information on their mission, financials, governance, and any other required disclosures. It is advisable to use the IRS instructions for Form 990 for guidance.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency and accountability for tax-exempt organizations, allowing the IRS and the public to understand how these organizations operate and manage their resources.
What information must be reported on form 990?
Organizations must report information such as financial statements, revenue and expenses, compensation of highest-paid employees, program services, and governance practices.
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