To find a nonprofit’s 990, you must first ascertain whether the organization has filed one. If the organization in question falls within this category, you won’t be able to find a 990 for it because nonprofits with annual sales of less than $50,000 are not required to submit one. However, the majority of organizations do submit a 990, so your odds of finding one are good.
Start by going to the IRS website to locate a nonprofit’s 990. Select “Charities and Non-Profits” from the drop-down menu, then select “Search for Charities.” A specific company’s name or EIN (Employer Identification Number) can be used to look for it. Click on the name of the organization once you’ve located it to view its 990.
If a nonprofit’s 990 isn’t available online, you can ask the organization for a copy. In order to pay the cost of duplicating and shipping the document, nonprofits may charge a fee in order to provide copies of their 990s upon request.
Nonprofits must create and maintain financial statements in addition to the 990. These financial statements give more specific information about the company’s assets, liabilities, and cash flow as well as income and expenses. Nonprofits must deliver these statements to anybody who wants them, even though they are not compelled to make them publicly available.
You can receive a nonprofit’s financial statements by contacting the group and requesting them. A request form and payment may be required in order to cover the expense of duplicating and mailing the papers. Alternatively, if the organization has a website, you can search for its financial statements there.
Nonprofit organizations are not obligated to produce an annual report, but many do. A summary of the organization’s actions and successes from the previous year is presented in an annual report. It might contain specifics on the organization’s goals, initiatives, and financial standing.
A nonprofit can increase openness and confidence among its constituents, such as funders, volunteers, and the general public, by publishing an annual report. However, as it takes time and money to produce, not all NGOs opt to. Do Churches Submit Form 990s? Even if they generate more than $50,000 in annual revenue, churches and other religious organizations are excused from submitting a 990. They must instead submit a another form called a 990-EZ. Only the most fundamental financial data about the organization is included in this form, which is less comprehensive than the typical 990.
A 990 must be filed by any nonprofit organization with yearly revenue of $50,000 or more. There are a few exceptions, though. For instance, as was previously indicated, religious groups are excused from submitting a 990. Additionally, if a nonprofit has unrelated commercial income, it may be required to file a new form called a 990-T. Examples of these nonprofits are educational institutions and hospitals.