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This document is the annual tax return filed by the Richmond Community Foundation, which outlines its financial activities, revenue, and expenditures for the tax year. The document includes detailed statistics on contributions, grants, expenses, and the organization\'s mission to build healthy and sustainable communities throughout Richmond and Contra Costa County.
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What is form 990?
Form 990 is an informational tax form that tax-exempt organizations in the United States must file with the Internal Revenue Service (IRS). It provides detailed information about the organization's activities, governance, and financials.
Who is required to file form 990?
Most tax-exempt organizations, including charities, nonprofit organizations, and some private foundations, are required to file Form 990 annually if their gross receipts exceed a certain threshold.
How to fill out form 990?
Filling out Form 990 involves gathering financial information about the organization, including income, expenses, assets, and liabilities, and then entering this data into the appropriate sections of the form. Organizations may seek assistance from accountants or tax professionals if needed.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency for tax-exempt organizations regarding their financial information and operations. It also helps the IRS ensure compliance with tax laws.
What information must be reported on form 990?
Form 990 requires organizations to report details such as financial statements, governance structure, programs and accomplishments, compensation of key employees, and any significant changes in operations.
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