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This document details the tax-exempt status and financial activities of SUMMER SEARCH for the 2021 calendar year, including revenue and program services.
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What is form 990?
Form 990 is an annual informational return that many tax-exempt organizations in the United States are required to file with the Internal Revenue Service (IRS). It provides detailed financial information about the organization's income, expenses, and operations.
Who is required to file form 990?
Generally, tax-exempt organizations with annual 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 revenue.
How to fill out form 990?
To fill out Form 990, organizations must gather their financial records, including income statements, balance sheets, and details about programs and governance. They can complete the form online using the IRS e-file system or by filling out a printed version and submitting it by mail.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency to the public and the IRS about the financial activities of tax-exempt organizations, helping to ensure compliance with tax laws and inform donors about the use of their funds.
What information must be reported on form 990?
Form 990 requires organizations to report on various aspects, including revenue collected, expenses incurred, program accomplishments, governance structure, compensation of officers, and any potential conflicts of interest.
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