Federal tax law typically does not mandate particular management structures, operational policies, or administrative practices. However, you are still required to report information regarding your organization’s governing body
Part III of IRS Form 990 and 990-EZ requires you to report your exempt organization’s program service accomplishments. A program service is typically the major ongoing objective or
Within IRS Form 990, there is Part XII for financial statements and reporting. In this section, exempt organizations need to indicate whether their financial statements were compiled, reviewed, or
Each time your organization answers “Yes” to a question on Form 990, Part IV, you’re required to complete the applicable schedule and provide explanations that are relevant to
Every tax-exempt organization required to file IRS Form 990 or Form 990-EZ must complete Parts I through XII along with a Schedule O and any other schedules applicable
When filing Form 990 or 990-EZ, the IRS requires that all exempt organizations complete the balance sheet included. The balance sheet roughly shows how much money or assets
