Get the free Page 2 Form 990 (2012) Part III 1 Statement of Program Service Accomplishments Check...

Page 2 Form 990 (2012) Part III 1 Statement of Program Service Accomplishments Check if Schedule O contains a response to any question in this Part III. . . . . . . . . . . . . . Briefly describe

How to fill out page 2 form 990

How to Fill out Page 2 Form 990:

1. Begin by carefully reviewing the instructions provided by the Internal Revenue Service (IRS) for Form 990. This document will guide you in the proper completion of each section of the form.
2. Start by entering your organization's name, address, and Employer Identification Number (EIN) at the top of page 2. These details are essential for identification purposes.
3. Proceed to Part VI: Governance, Management, and Disclosure section. Here, you will need to answer various questions related to your organization's structure, governing bodies, and policies. Provide accurate and updated information as required.
4. In Part VII: Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors, you will be asked to report executive compensation details. Provide the necessary information regarding compensation, benefits, and payments made to individuals within your organization.
5. Move on to Part VIII: Statement of Revenue. This section requires you to disclose different types of revenue sources your organization has received during the tax year. Ensure you accurately report the amounts and categorize them correctly according to the instructions provided.
6. Complete Part IX: Statement of Functional Expenses. Here, you need to provide details of your organization's expenses, including salaries, professional services, grants, and other program-related costs. Follow the instructions carefully and allocate expenses correctly across the designated categories.
7. In Part X: Balance Sheet, you will report the financial position of your organization. This includes assets, liabilities, and net assets or fund balances. Gather the necessary financial information to accurately complete this section.
8. Proceed to Part XI: Reconciliation of Net Assets. This part requires you to detail any changes in your organization's net assets or fund balances during the tax year. Follow the instructions provided and ensure the numbers correspond to the information reported in previous sections.
9. Finally, review your completed Page 2 of Form 990 for accuracy, consistency, and thoroughness. Make any necessary corrections or additions before submitting it to the IRS.

Who Needs Page 2 Form 990?

1. Nonprofit Organizations: Any tax-exempt organization described in section 501(c)(3) or 4947(a)(1) of the Internal Revenue Code is required to file Form 990. This form provides important financial and operational information to the IRS.
2. Charitable Organizations: Organizations that engage in charitable activities or receive donations to carry out their missions often fall under the category of 501(c)(3) organizations. They must fill out Form 990 to maintain their tax-exempt status and provide transparency to the public.
3. Private Foundations: Private foundations, including family foundations or grant-making organizations, are required to file Form 990. This form helps monitor and regulate the distribution of grants and funds.

Overall, anyone operating a tax-exempt organization or a foundation that falls under the specified categories should be familiar with and fill out Page 2 of Form 990 accurately and appropriately. It is crucial to consult with a tax professional or refer to the IRS instructions if you have any questions or need assistance with the form.

For pdfFiller’s FAQs

What is page 2 form 990?

Page 2 of Form 990 is the part of the tax return form that includes financial details like revenue, expenses, and assets of the organization.

Who is required to file page 2 form 990?

Nonprofit organizations with gross receipts over $200,000 or total assets over $500,000 are required to file page 2 of Form 990.

How to fill out page 2 form 990?

Page 2 of Form 990 must be filled out by providing detailed financial information including revenue, expenses, and assets of the organization.

What is the purpose of page 2 form 990?

The purpose of page 2 of Form 990 is to provide transparency to donors, government agencies, and the public about the financial health and operations of the nonprofit organization.

What information must be reported on page 2 form 990?

Information such as revenue, expenses, assets, and other financial details of the organization must be reported on page 2 of Form 990.

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