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Bronx New York online Form 990 or 990-EZ - Schedule C: What You Should Know

The IRS releases information about the financial status of nonprofit organizations every year. You can see if your organization is exempt from any federal income tax from time to time by visiting IRS.gov. The tax forms for nonprofit organizations are called 990s and 990-EZs. The 990-EZ is the standard form; all other 990s and 990 Forms provide information. Form 990s show the financial information of your nonprofit, like its assets and total cash flow. The 990-EZ also tells you about the specific activities your organization performed in the last fiscal year. It also provides information about the charity's governance structure, like its governing board or board members' names. (A number of federal and state charitable regulations and the tax code have limitations on how a charity's board can choose its officers.) The 990 Form shows the organization's financial situation at the end of the previous fiscal year, as well as its progress toward its fiscal year-end. The 990 for an organization with 20,000 in a fiscal year or 5,000 or more in other income must be filed quarterly.

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