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Detailed financial information for 2020 from the American Councils for International Education, focusing on their international education, academic exchange, and language immersion programs.
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What is form 990?
Form 990 is an annual information return that tax-exempt organizations, non-profit organizations, and certain other entities must file with the IRS to provide the public with financial information about their organization.
Who is required to file form 990?
Most tax-exempt organizations with gross receipts of $200,000 or more, or total assets of $500,000 or more, are required to file Form 990. Smaller organizations may file Form 990-EZ or Form 990-N, depending on their income.
How to fill out form 990?
To fill out Form 990, organizations must gather their financial data, including income, expenses, assets, and liabilities. They need to follow the specific instructions provided by the IRS for Form 990, ensuring all required sections are completed accurately.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency about the financial health and activities of tax-exempt organizations, allowing the IRS and the public to understand how organizations are managed and how their funds are utilized.
What information must be reported on form 990?
Form 990 requires organizations to report information such as their mission, programs, financial statements, compensation for officers, as well as information about governance practices and compliance with laws.
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