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This document is a tax return for organizations that are exempt from income tax under sections 501(c), 527, or 4947(a)(1) of the Internal Revenue Code. It includes information about the financial status and governance of the Montgomery Area Committee of 100, indicating its commitment to promoting economic well-being in the region.
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Form 990-EZ is a shorter version of the Form 990, which is used by tax-exempt organizations to report their financial information to the IRS. It provides a streamlined format for smaller organizations.
Organizations with gross receipts between $200,000 and $500,000, or total assets of less than $2.5 million, are required to file Form 990-EZ.
To fill out Form 990-EZ, organizations must provide financial information, including revenue, expenses, and net assets. Detailed instructions accompany the form, guiding users on completing each part correctly.
The purpose of Form 990-EZ is to provide the IRS and the public with information about the organization's activities, governance, and financial health, ensuring transparency in the nonprofit sector.
Organizations must report total revenue, expenses, net assets, governance structure, program services, and compensation of highest-paid employees or contractors on Form 990-EZ.
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