Get the free Form 990 Schedule B Instructions

Schedule BOMB No. 15450047Schedule of Contributors(Form 990)Department of the Treasury Internal Revenue Service Go2021 Attach to Form 990 or Form 990PF. to www.irs.gov/Form990 for the latest information.Employer

How to fill out form 990 schedule b

How to fill out form 990 schedule b

1. Begin by gathering your organization's financial information for the year.
2. Prepare a complete list of all contributors who donated more than $100,000 during the year.
3. Enter the organization’s name, address, and the tax year at the top of the form.
4. Fill in the name, address, and tax identification number of each contributor in the appropriate columns.
5. Specify the total contribution amount for each contributor.
6. Indicate whether the donation was cash, securities, or other types of contributions.
7. Make sure to include any restrictions on the use of the funds if applicable.
8. Review the completed schedule for accuracy and ensure all required signatures are included.

Who needs form 990 schedule b?

1. Organizations that are required to file Form 990, including charitable organizations and other tax-exempt entities, need to complete Schedule B.
2. Entities that received contributions over a certain threshold (typically $100,000) must report details about their contributors on Schedule B.

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What is form 990 schedule b?

Form 990 Schedule B is a supplementary form used by tax-exempt organizations to report their significant contributors, i.e., individuals or organizations that donate $100,000 or more in cash or other property to the organization during the tax year.

Who is required to file form 990 schedule b?

Organizations that are tax-exempt under section 501(c) and file Form 990 are required to file Schedule B if they receive contributions of $100,000 or more from a single contributor during the tax year.

How to fill out form 990 schedule b?

To fill out Form 990 Schedule B, organizations need to provide information about each significant contributor, including their name, address, and the amount contributed. The form has specific sections to report contributors based on the type of contribution.

What is the purpose of form 990 schedule b?

The purpose of Form 990 Schedule B is to promote transparency in charitable organizations by disclosing information about substantial donations and their sources, helping the IRS and the public understand the funding and support of these organizations.

What information must be reported on form 990 schedule b?

Form 990 Schedule B requires reporting the name, address, and contribution amounts of each significant contributor, as well as any relationships between the contributors and the organization, along with the type of organization they belong to if applicable.