Online IRS Form 990 (Schedule I) in PDF 2024-2025

The 990 forms are tax documents that nonprofit organizations in the United States must file annually with the Internal Revenue Service (IRS). These forms provide vital financial information and data about the organization's activities. There are several different types of 990 forms, each serving a specific purpose. Let's explore them: 1. Form 990-N (e-Postcard): Form 990-N, also known as the e-Postcard, is the shortest and simplest form. It is intended for nonprofit organizations with gross receipts of $50,000 or less, and it mainly collects basic information such as the organization's name, address, and EIN (Employer Identification Number). 2. Form 990-EZ: Nonprofits with gross receipts less than $200,000 and total assets of less than $500,000 can file the Form 990-EZ. It requires more detailed financial information compared to Form 990-N, but it is less comprehensive than Form 990. 3. Form 990: Form 990 is the most extensive and detailed tax form. It is typically used by nonprofit organizations with gross receipts exceeding $200,000 or total assets of $500,000 or more. This form provides a comprehensive overview of an organization's financial activities, including revenues, expenses, assets, liabilities, and more. It also requires additional schedules, such as disclosures of compensation, governance policies, and key program accomplishments. 4. Form 990-PF: Private foundations file Form 990-PF to disclose their financial information. This form is similar to Form 990 but is specifically designed for foundations. It requires details about grants, investments, net investment income, and charitable activities. 5. Form 990-T: While not technically a 990 form, Form 990-T is related and worth mentioning. Nonprofits must file this form if they engage in unrelated business income generating activities. It ensures that such income is subject to the appropriate taxes. It's important to note that the 990 forms provide transparency and accountability, allowing the public to access financial information about nonprofit organizations. By choosing the correct form to file, nonprofits can fulfill their reporting obligations while providing meaningful insights to stakeholders and the public.

Form 990 is a tax form that certain nonprofit organizations in the United States are required to file with the Internal Revenue Service (IRS) each year. Here are some relevant points to consider: 1. Definition of Form 990: Form 990 is an information return filed by tax-exempt organizations. It provides detailed information about the organization's activities, finances, governance, and compliance with tax laws. 2. Who is required to file: Generally, organizations exempt from income tax under section 501(a), such as charitable, educational, religious, or scientific organizations, are required to file Form 990 annually. This applies to both large and small organizations. 3. Gross receipts threshold: Organizations with gross receipts less than or equal to $50,000 can file a simpler version called Form 990-N (e-Postcard) instead of the full Form 990. 4. Exception for certain organizations: Certain types of organizations, such as churches, certain government organizations, and organizations with less than $5,000 in gross receipts for a tax year, may be exempted from filing Form 990. 5. Public disclosure: Form 990 is a publicly available document. It provides transparency by allowing the public to review an organization's financial activities and governance practices. It can be accessed through the IRS website or various third-party websites. 6. Penalties for non-filing or late filing: Failure to file Form 990 can result in penalties and loss of tax-exempt status for the organization. The penalties vary based on the size of the organization and the duration of non-compliance. 7. Reporting requirements: Form 990 requires detailed information about an organization's governance structure, program activities, revenue sources, expenses, compensation of officers and employees, and potential conflicts of interest. 8. Additional schedules: Depending on the organization's activities, Form 990 may require the completion of additional schedules, such as Schedule A (for public charities), Schedule B (for contributions and grants), and Schedule O (for supplemental information). 9. Types of Form 990: There are different versions of Form 990 based on the size and type of organization, such as Form 990-EZ (a simplified version for smaller organizations) and Form 990-PF (for private foundations). 10. Filing deadline: Form 990 is generally due by the 15th day of the fifth month after the organization's accounting period ends (e.g., May 15th for calendar year organizations). Extensions can be requested for an additional six months. Disclaimer: The information provided here is for general informational purposes only and should not be considered as legal or financial advice. It is recommended to consult with a qualified tax professional or refer to the official IRS guidelines for specific filing requirements and compliance.

There are a total of 25 different schedules (Forms 990) that can be filed along with the main Form 990 for various types of tax-exempt organizations. These schedules are used to provide additional information about specific activities, transactions, or organizational characteristics. Here are a few examples of the different schedules: 1. Schedule A: Public Charity Status and Public Support - This schedule is used to report information about public charity status, public support, and the computation of the public charity support tests. 2. Schedule B: Schedule of Contributors - This schedule includes information about the organization's contributors, including their names, addresses, and contribution amounts. 3. Schedule C: Political Campaign and Lobbying Activities - This schedule is used to report political campaign and lobbying activities undertaken by the organization during the tax year. 4. Schedule D: Supplemental Financial Statements - This schedule provides additional financial information that is not adequately conveyed in the main financial statements of the organization. 5. Schedule G: Supplemental Information Regarding Fundraising or Gaming Activities - This schedule is used to report information about fundraising or gaming activities conducted by the organization. 6. Schedule J: Compensation Information - This schedule is used to report information about compensation provided to certain officers, directors, trustees, key employees, and highest compensated employees of the organization. 7. Schedule L: Transactions with Interested Persons - This schedule is used to report information about transactions between the organization and its officers, directors, trustees, key employees, and other parties with a close relationship to the organization. Please note that this is not an exhaustive list of all the schedules, and there may be additional schedules based on an organization's specific operations and reporting requirements.

Title: Guide to Filling out a 990 Tax Form: Everything You Need to Know Introduction: Filing a 990 tax form is a crucial task for nonprofit organizations to maintain their tax-exempt status and provide transparency to the public. However, navigating through the complexities of this form can be overwhelming for many. In this guide, we will break down the process and provide step-by-step instructions to help you accurately fill out your 990 tax form. 1. Understanding the Basics: - Learn about the purpose of the 990 tax form and who needs to file it. - Differentiate between the various types of 990 forms (990-EZ, 990-PF, etc.) and determine which one is applicable to your organization. 2. Gathering Required Information: - Identify the essential documents and financial records you'll need to complete the form. - Organize your organization's financial statements, including revenue and expenses, assets and liabilities, and programmatic achievements. 3. Completing Part I: Summary: - Understand the questions in Part I, including organizational details, tax-exempt status, and mission statement. - Provide accurate information about primary activities, revenue, and expenses. 4. Completing Part II: Signature Block: - Understand the authorization requirements and make sure the form is signed by an authorized person. 5. Completing Part III: Statement of Program Service Accomplishments: - Report your organization's accomplishments and the beneficiaries of its programs. - Describe program services, measure accomplishments, and provide quantifiable data. 6. Completing Part IV: Checklist of Required Schedules: - Determine the schedules that need to be completed based on your organization's activities. - Familiarize yourself with the purpose of each schedule and gather the required information to complete them. 7. Completing Schedules: - Understand the different schedules (A, B, C, etc.) and complete them according to your organization's specific activities. - Provide detailed information about specific aspects, such as compensation, grants, fundraising events, and more. 8. Reviewing and Submitting the Form: - Thoroughly review the completed form, ensuring accuracy and consistency. - If required, consult with a tax professional or legal advisor for further assurance. - Submit the form within the given deadline, either electronically or through the mail, as specified by the Internal Revenue Service (IRS). Conclusion: Navigating the process of filling out a 990 tax form can be challenging, but with proper guidance and organization, it becomes manageable. By following this comprehensive guide and ensuring accuracy in your reporting, you can successfully complete your 990 tax form and maintain your nonprofit organization's compliance and transparency. Always stay up to date with the latest tax regulations and seek professional assistance if needed to ensure compliance with the IRS guidelines.