Get the free , OMB No 1545-0047 990 Form Return of Organization Exempt From Income Tax Under sect...

, OMB No 1545-0047 990 Form Return of Organization Exempt From Income Tax Under section 501(c), 527, or 4947 (a)(1) of the Internet Revenue Code (except black lung benefit trust or private foundation)

How to fill out omb no 1545-0047 990

How to fill out OMB No 1545-0047 Form 990:

1. Start by carefully reading the instructions provided with the form. These instructions will provide valuable information on how to fill out each section correctly.
2. Begin by providing the necessary identifying information, such as the name and address of the organization that is filing the Form 990.
3. Next, complete Part I, which requires you to provide details about the organization's exempt status, including the type of organization and the applicable sections of the Internal Revenue Code.
4. Move on to Part II, where you will report the organization's mission statement, describing its primary activities and the programs it operates.
5. Part III focuses on the organization's programs, achievements, and governance. Here, you will provide information about the programs conducted during the year, the number of individuals served, and the organization's governing body.
6. Part IV requires you to report financial information such as the organization's revenue, expenses, assets, and liabilities. You will also need to provide details about contributions, grants, and other sources of financial support.
7. Part V focuses on the organization's employees, including the number of full-time and part-time individuals employed, as well as the compensation paid to key employees.
8. Part VI requires you to provide additional information about the organization's governance and its policies concerning conflicts of interest, whistleblowers, and document retention.
9. Finally, complete Part VII, which requires you to provide a summary of the organization's financial statements and pertinent attachments.
10. After filling out all the necessary sections, review the form to ensure accuracy and completeness before submitting it to the appropriate regulatory authorities.

Who needs OMB No 1545-0047 Form 990:

1. Nonprofit Organizations: Nonprofit organizations that are exempt from federal income tax under sections 501(c)(3), 501(c)(4), or 501(c)(6) of the Internal Revenue Code are required to file Form 990 annually.
2. Charitable Organizations: Charitable organizations, including public charities and private foundations, must also file Form 990.
3. Social Welfare Organizations: Social welfare organizations that are primarily engaged in promoting social welfare and are exempt from federal income tax under section 501(c)(4) are required to file Form 990 as well.
4. Business Leagues and Chambers of Commerce: Certain business leagues, chambers of commerce, and similar organizations may also be required to file Form 990.
5. Political Organizations: Political organizations that are exempt from federal income tax under section 527 must file Form 990.

It is essential for organizations falling under these categories to fill out and submit OMB No 1545-0047 Form 990 to abide by the regulations set by the Internal Revenue Service (IRS) and ensure transparency in their financial activities.

For pdfFiller’s FAQs

What is omb no 1545-0047 990?

OMB No. 1545-0047 is the form number for the Annual Return/Report of Exempt Organization, which is used by tax-exempt organizations to provide information to the IRS.

Who is required to file omb no 1545-0047 990?

Tax-exempt organizations, such as charities, foundations, and other nonprofit organizations, are required to file OMB No. 1545-0047 990.

How to fill out omb no 1545-0047 990?

Tax-exempt organizations can fill out OMB No. 1545-0047 990 by providing information about their finances, activities, and governance structure.

What is the purpose of omb no 1545-0047 990?

The purpose of OMB No. 1545-0047 990 is to provide transparency and accountability for tax-exempt organizations, as well as ensure compliance with IRS regulations.

What information must be reported on omb no 1545-0047 990?

Tax-exempt organizations must report information such as their mission, programs, revenue, expenses, and compensation of key employees on OMB No. 1545-0047 990.

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