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This document is a tax return form used by organizations that are recognized as tax-exempt under section 501(c), 527, or 4947 of the Internal Revenue Code, except private foundations. It provides a concise reporting format for smaller tax-exempt organizations, detailing revenues, expenses, and net assets for the tax year.
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How to fill out 990-ez

01
Gather your organization's financial records for the year.
02
Start with Part I: Income. List all sources of revenue.
03
Move to Part II: Expenses. Categorize and total your expenses.
04
Complete Part III: Revenue and Expenses detailing your surplus or deficit.
05
Fill out Part IV: Balance Sheet, summarizing your assets, liabilities, and net assets.
06
Review Part V: Other Information for any additional disclosures required.
07
Ensure all figures are accurate and align with your financial records.
08
Sign and date the form before submission.

Who needs 990-ez?

01
Organizations with gross receipts of less than $200,000 and total assets of less than $500,000.
02
Nonprofit organizations that seek to maintain their tax-exempt status.
03
Smaller 501(c)(3) organizations and other exempt entities that meet the criteria.
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Form 990-EZ is a shorter version of Form 990, which is used by tax-exempt organizations to report their income, expenses, and other financial data to the IRS.
Organizations with gross receipts between $200,000 and $500,000 and total assets under $2.5 million at the end of the year are required to file Form 990-EZ.
To fill out Form 990-EZ, organizations must provide information about their revenue, expenses, and net assets, answer specific questions regarding their activities, and include financial statements such as a balance sheet and statement of revenue and expenses.
The purpose of Form 990-EZ is to provide the IRS and the public with a financial overview of the organization and to ensure transparency and compliance with tax regulations for tax-exempt entities.
Information that must be reported includes income, expenses, net assets, program service accomplishments, compensation of officers, and any changes in the organization's mission or objectives.
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