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This document contains the Form 990 for Teatown Lake Reservation, Inc., detailing its financial activities, governance, and public support for the year 2022.
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What is form 990?
Form 990 is an annual federal tax return required to be filed by tax-exempt organizations in the United States to provide the IRS with information about their activities, governance, and financial status.
Who is required to file form 990?
Most tax-exempt organizations, including charities and non-profits with gross receipts exceeding a certain threshold, 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?
To fill out Form 990, organizations should gather financial records, details about their governance, mission, programs, and expenditures. They can then use the form's instructions to accurately complete each section or seek assistance from a tax professional.
What is the purpose of form 990?
The purpose of Form 990 is to promote transparency and accountability among tax-exempt organizations by requiring them to report on their financial performance, operational activities, and compliance with tax regulations.
What information must be reported on form 990?
Form 990 requires organizations to report information such as financial statements, revenue sources, expenses, compensation of officers and directors, program accomplishments, and an overview of governance.
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