SCHEDULE I (Form 990)Grants and Other Assistance to Organizations, Governments, and Individuals in the United StatesOMB No. 15450047Complete if the organization answered Yes on Form 990, Part IV,.
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How to fill out the IRS 990 - Schedule I online
Filling out the IRS 990 - Schedule I is essential for organizations that provide grants and assistance to other entities. This guide will help you navigate the process step-by-step, ensuring accuracy in reporting and compliance.
Follow the steps to complete Schedule I accurately.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin with Part I by indicating whether your organization maintains records to substantiate grant amounts, eligibility, and selection criteria. If the answer is 'Yes,' describe your monitoring procedures in Part IV.
- Move to Part II if your organization answered 'Yes' on Form 990, Part IV, line 21, for any recipients who received more than $5,000. Enter the name and address, Employer Identification Number (EIN), any applicable IRC section, the amount of cash grants, method of valuation for noncash assistance, and a description of the assistance provided.
- Complete the total numbers for both section 501(c)(3) organizations and other organizations listed in this section.
- Proceed to Part III if your organization answered 'Yes' on Form 990, Part IV, line 22. Here, you will detail grants and assistance provided to domestic individuals. Fill in the type of assistance, number of recipients, amounts of cash and noncash assistance, method of valuation, and descriptions.
- Finally, complete Part IV by providing any supplemental information required for clarity, including information from Parts I and III.
- Once you have filled in all necessary sections, you can save your changes, download, print, or share your completed form.
Start filling out your IRS 990 - Schedule I online today for timely compliance.
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Get answers to your most pressing questions about US Legal Forms API.
What is the Schedule K for 990?
Purpose of Schedule Schedule K (Form 990) is used by an organization that files Form 990 to provide certain information on its outstanding liabilities associated with tax-exempt bond issues.
What is Schedule A for on 990 T?
Form 990-T Schedule A is a supplementary schedule that breaks down unrelated business income (UBI) for each separate trade or business conducted by a tax-exempt organization.
What is the IRS schedule I?
Schedule 1 is used to report types of income that aren't listed on the 1040, such as capital gains, alimony, unemployment payments, and gambling winnings. Schedule 1 also includes some common adjustments to income, like the student loan interest deduction and deductions for educator expenses.
What is the Schedule I for 990?
Schedule I is used by a tax-exempt organization that files Form 990 to provide information on grants and other assistance made by the filing organization during the tax year to domestic organizations, domestic governments, and domestic individuals.
What is the schedule of contributors?
What is Schedule B? Schedule B, Schedule of Contributors is a supplementary schedule filed annually by tax-exempt organizations (Form 990/990-EZ) and private foundations (Form 990-PF) for reporting significant contributions received by the organization during the tax year.
Who must file a 990 with the IRS?
Form 990, Return of Organization Exempt From Income Tax An organization must file Form 990, if it is: An organization with either: ► gross receipts of $200,000 or more, or ► total assets of $500,000 or more. A sponsoring organization of one or more donor-advised funds.
What is a Schedule L on a 990?
Schedule L is used by an organization that files Form 990 or 990-EZ to provide information on certain financial transactions or arrangements between the organization and a disqualified person(s) under section 4958 or other interested persons.
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