Get the free 2010-2011 Form 990 - Young Leaders Initiative - youngleadersinitiative

CLI 10/04/2011 Form Short Form Return of Organization Exempt From Income Tax 990EZ OMB No. 15451150 2010 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit

How to fill out 2010-2011 form 990

How to fill out the 2010-2011 form 990:

1. Begin by gathering all the necessary information and documents. This may include your organization's financial records, income and expense statements, previous year's Form 990, and relevant schedules and attachments.
2. Ensure you have the correct version of the form for the specific tax year you are filing for - in this case, the 2010-2011 form 990.
3. Start with the basic identification information, such as the name of your organization, its address, employer identification number (EIN), and the tax year being reported.
4. Proceed to Part I, which involves reporting information about your organization's mission, programs, and achievements. Provide details about your organization's accomplishments during the tax year and indicate the percentage of time and resources dedicated to each program.
5. In Part II, you will need to report any significant changes in your organization's activities, governance, or structure. This section also requires disclosures regarding relationships with certain individuals or organizations and potential conflicts of interest.
6. Part III covers your organization's statement of program service accomplishments. Here, you will need to provide a detailed breakdown of your organization's program service expenses, revenue, and accomplishments during the tax year.
7. Proceed to Part IV, where you will report your organization's checklist of required schedules. This section serves as a guide to inform the IRS which schedules and attachments you will be including with your Form 990.
8. Depending on your organization's activities and financial transactions, you may need to complete specific schedules such as Schedule A (Public Charity Status and Public Support), Schedule B (Schedule of Contributors), Schedule C (Political Campaign and Lobbying Activities), or Schedule D (Supplemental Financial Statements), among others. Complete these schedules with accurate and relevant information.
9. Once you have completed the necessary schedules, return to the main form to complete Parts V, VI, VII, VIII, IX, X, XI, XII, and XIII. These sections require additional disclosures, such as compensation of key employees, additional financial statements, and other required information.
10. Review your completed form thoroughly to ensure accuracy and completeness. Double-check all the numbers, calculations, and supporting documentation. Mistakes or omissions can result in delays or penalties. Consider seeking professional assistance or consulting the IRS instructions for any clarifications.
11. Finally, sign and date the form to certify its accuracy and completeness. Retain a copy for your records and securely submit the original to the IRS by the designated deadline.

Who needs the 2010-2011 form 990?

1. Tax-exempt organizations: Nonprofit organizations, charities, and certain other tax-exempt entities recognized under section 501(c) of the Internal Revenue Code are typically required to file the Form 990.
2. Public disclosure: Form 990 serves as a way for these organizations to disclose important financial and governance information to the public, allowing donors, stakeholders, and the general public to assess the organization's integrity, transparency, and accountability.
3. IRS reporting requirements: Filing the Form 990 is also essential to meet the reporting obligations set by the Internal Revenue Service (IRS) for tax-exempt organizations. It provides the IRS with details about an organization's activities, finances, and compliance with tax laws.
4. Public and government scrutiny: Organizations that receive tax-exempt status must adhere to specific regulations and standards. The Form 990 enables the IRS, as well as state and local authorities, to monitor these organizations to ensure they are fulfilling their intended purposes and are using their resources appropriately.

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What is form 990 - young?

Form 990 - young is a document filed by certain tax-exempt organizations that provides the IRS with information about the organization's mission, programs, and finances.

Who is required to file form 990 - young?

Nonprofit organizations classified as tax-exempt under section 501(c)(3) of the Internal Revenue Code are generally required to file Form 990 - young.

How to fill out form 990 - young?

Form 990 - young can be filled out electronically using the IRS's online filing system, or it can be filed by mail. The form requires information about the organization's finances, governance, and programs.

What is the purpose of form 990 - young?

The purpose of form 990 - young is to provide the IRS and the public with information about a tax-exempt organization's mission, programs, and finances.

What information must be reported on form 990 - young?

Form 990 - young requires information about the organization's revenue, expenses, assets, liabilities, governance structure, and programs and activities.