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This document is the IRS Form 990 for FRIENDS OF LEAPS & BOUNDS PEDIATRIC THERAPY INC for the calendar year 2021, which provides detailed financial information, including revenue and expenses, as well as the organization’s mission to assist economically disadvantaged individuals with disabilities through therapy services.

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What is form 990?

Form 990 is an annual reporting return that most tax-exempt organizations, non-profit organizations, and other charitable organizations in the United States are required to file with the IRS to provide information on their financial activities.

Who is required to file form 990?

Organizations that are recognized as tax-exempt under Internal Revenue Code 501(c) and receive more than a certain amount of annual revenue are required to file Form 990.

How to fill out form 990?

Form 990 can be filled out by gathering financial records, answering the required questions about the organization’s activities, and reporting income, expenses, and program services. Organizations may also use IRS guidelines or seek assistance from a tax professional.

What is the purpose of form 990?

The purpose of Form 990 is to provide transparency regarding the financial status of tax-exempt organizations, helping the IRS and the public understand the organization’s operations, governance, and compliance with tax laws.

What information must be reported on form 990?

Form 990 requires organizations to report information such as revenue, expenses, assets, liabilities, program services, governance, and compensation of highest-paid employees.

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