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Form 990 for 2022 provides detailed information about the tax-exempt status, finances, and activities of Speedboat, a public charity supporting food gardens and farms.
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What is form 990?
Form 990 is an annual reporting return that follows the fiscal year of tax-exempt organizations in the United States, including charities and non-profits.
Who is required to file form 990?
Most tax-exempt organizations with gross receipts above $200,000 or total assets above $500,000 must file Form 990. Smaller organizations may file Form 990-EZ or Form 990-N.
How to fill out form 990?
Form 990 can be filled out by carefully following the instructions provided by the IRS, which include detailed sections about revenue, expenses, governance, and financial activities.
What is the purpose of form 990?
The purpose of Form 990 is to provide the IRS and the public with information about a non-profit’s financial status, governance, and operations, promoting transparency and accountability.
What information must be reported on form 990?
Form 990 requires organizations to report their mission, programs, financial data including revenue and expenses, compensation of highest-paid employees, and information on governance practices.
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