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This document provides an overview of the financial activities of Sacred Heart Community Clinic for the year 2019, detailing their mission to provide no-cost outpatient health and dental services to uninsured and underinsured residents in the Round Rock, Texas area. It includes information on revenues, expenses, governing body, and contributions, focusing on their commitment as a 501(c)(3) organization.
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What is form 990?
Form 990 is an annual reporting return that certain tax-exempt organizations in the United States must file with the IRS. It provides information about the organization's mission, programs, and finances.
Who is required to file form 990?
Tax-exempt organizations, including charities and non-profits, with gross receipts over $200,000 or total assets over $500,000 are required to file Form 990.
How to fill out form 990?
To fill out Form 990, organizations must gather financial statements, details about their programs, and administrative information. They must complete the form according to IRS instructions and may need to consult a tax professional.
What is the purpose of form 990?
The purpose of Form 990 is to provide transparency and accountability for tax-exempt organizations, ensuring they comply with tax laws and allowing the public to understand their financial health and how they use contributions.
What information must be reported on form 990?
Form 990 requires organizations to report details on their mission, governance, financial performance, program accomplishments, and compensation of top employees and board members.
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