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This Form 990 outlines the financial activities and program accomplishments of The Kansas University Endowment Association for 2022, showcasing philanthropic support for the University of Kansas.
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What is form 990?
Form 990 is an annual reporting return that many tax-exempt organizations must file with the IRS. It provides information on the organization’s mission, programs, and finances.
Who is required to file form 990?
Organizations that are tax-exempt under section 501(c)(3) of the Internal Revenue Code, as well as other tax-exempt organizations, are required to file Form 990 if their gross receipts are normally greater than $200,000 or their total assets are greater than $500,000.
How to fill out form 990?
To fill out Form 990, organizations should gather financial statements, information about their mission and programs, and other relevant data. They then complete the form by following the instructions provided by the IRS, ensuring all required schedules are included and information is accurate.
What is the purpose of form 990?
The purpose of Form 990 is to provide the IRS and the public with information about the organization’s activities, finances, and governance, enhancing transparency and accountability for tax-exempt organizations.
What information must be reported on form 990?
Form 990 requires the reporting of information such as the organization’s mission, program activities, revenues, expenses, balance sheet items, executive compensation, and governance details.
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