Get Form 990: A Practical Review

Filling out the Form 990: A Practical Review is essential for organizations to report financial information to the IRS. This guide provides a step-by-step approach to help you navigate the components of the form effectively.

Follow the steps to fill out the Form 990 online.

1. Click ‘Get Form’ button to access the form and open it in your preferred online editor.
2. Begin with Part I, where you will enter compensation information for specified officers, directors, trustees, and key employees. Ensure to check if the organization previously responded 'Yes' in Form 990, Part IV, line 23.
3. In Part I, section 1a, indicate any compensation elements provided, such as first-class travel or housing allowances, and select the appropriate boxes.
4. For each item checked in section 1a, answer section 1b regarding the written policy the organization follows regarding these expenses.
5. Continue to section 2, where you will confirm if substantiation for reimbursed expenses was required for individuals listed.
6. Proceed to section 3 to indicate compensation establishment methods for the organization’s CEO/Executive Director. Check all applicable boxes such as using a compensation committee or independent consultant.
7. In section 4, address any changes such as severance payments related to individuals listed and report those as needed.
8. Complete Part II by detailing compensation for each individual on the list, including their title, base compensation, bonuses, and total compensation. Ensure the totals align with previous reports.
9. Lastly, fill out Part III to provide any additional required explanations for information reported earlier. This may include descriptions of compensation structures or policies.
10. Once all information is complete, review your entries for accuracy. You can then save changes, download, print, or share the form as needed.

Complete your Form 990 online today to ensure compliance and transparency for your organization.