Form 990

Explanation of the Form 990
  • Annual information return form is filed with the IRS by most tax-exempt organizations
  • Dramatically redesigned form for 2008 tax year
  • Primary source of information about the nonprofit sector
  • Two basic purposes:
    • Enables government to enforce laws.
    • Provides information about the financial condition and relative fiscal health of the organization.
Importance of the Form 990
  • Available for public inspection by a request to the IRS or Community Foundation via the GuideStar Web Site and the Community Foundation's website.
  • Accountability
    • Keep public trust and confidence by demonstrating the Community Foundation is accountable and responsible to the fulfillment of its mission and purpose.
    • Public relations tool—help inform donors and the media of how the Community Foundation is meeting its mission.
Download the Form 990