Fillable Form 990 Online

What is Form 990?

The Internal Revenue Service (IRS) Form 990, or Return of Organization Exempt From Income Tax, is a legal tax form requiring organizations that are exempt from paying federal income tax to file to report to the federal tax agency their activities.

Section 501(c), Section 527, and Section 4947(a) of the Internal Revenue Code (IRC) contain guidelines to know if your organization should use Form 990. In general, tax-exempt organizations are required by the law to report activities to the IRS if they have gross receipts of at least $200,000 or assets worth at least $500,000.

While organizations that are exempt from filing an annual Form 990 include political organizations, churches, and religious organizations, properly reviewing the IRC enables organizations to abide by laws and avoid legal problems that could affect operations.

Being federal income tax-exempt provides many benefits and brings advantages, the IRS is strict on ensuring that organizations are worthy of maintaining their tax-exempt status. Through Form 990, the IRS can determine if an organization can continue with its status. Thus, not properly filing the form can negatively impact the tax-exempt status of an organization.

How to Fill Out Form 990?

Follow the guide below to answer Form 990 accurately. It consists of 12 parts that need accurate and extensive information from your organization.

Section A requires the beginning and ending months and years of the accounting period.

Section B lets you choose any applicable information that you would like the IRS to know — Address Change, Name Change, Initial Return, Final Return / Terminated, Amended Return, or Application Pending.

Section C requires the name and address of the organization.

Section D requires the Employer Identification Number of the organization.

Section E requires the telephone number of the organization.

Section F requires the name and address of principal officer.

Section G asks for the gross amount of receipts.

Section H asks for information regarding group returns, if applicable.

Section I asks for the tax-exempt status — 501(c)(3), other 501(c), 4947(a)(1), or 527 — of the organization.

Section J asks for the official website of the organization.

Section K asks for the classification of the organization — Corporation, Trust, Association, or Other and specify.

Section L asks for the year of formation of the organization.

Section M asks for the state of legal domicile.

Part I Summary
This section requires the activities and governance, revenue, expenses, and net assets or fund balances of the organization.

Part II Signature Block
This section lets an officer of the organization attest under penalty of perjury that every information provided on the form is accurate. According to the IRS, the form may be signed by the current president, vice president, treasurer, assistant treasurer, chief accounting officer, or other corporate officer authorized to sign as of the date the form is filed.

Part III Statement of Program Service Accomplishments
This section requires reporting the program service accomplishments of the organization. According to the IRS, a program service is an activity of an organization that accomplishes its exempt purpose.

Part IV Checklist of Required Schedules
This section contains yes-or-no questions that the organization must answer accurately and honestly. It contains a checklist of schedules that may require supporting documents.

Part V Statements Regarding Other IRS Filing and Tax Compliance
This section is to provide the necessary IRS filing and tax compliance information.

Part VI Governance, Management, and Disclosure
This section needs information regarding the governing body and management of the organization and its policies.

Part VII Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
This section lists compensation-related information of individuals and independent contractors.

Part VIII Statement of Revenue
This section reports the revenue from related or exempt funds and unrelated business income of the organization.

Part IX Statement of Functional Expenses
This section is used to report the expenses of the organization.

Part X Balance Sheet
This section is used to show the balance sheet of the organization.

Part XI Reconciliation of Net Assets
This section is used for reconciliation of net assets.

Part XII Financial Statements and Reporting
This section reports and elaborates on the financial statements and reporting of the organization.