Form 990 or the 990 Report is an annual reporting tax form that federally tax-exempt organizations must file with the IRS. The 990 provides information on the filing organization's mission, programs, and finances. Source: Guidestar
The reports created in Financials, Reports, and 990 Report provide the information needed to fill out your annual Form 990.
Listed below are Community Suite's fund accounting features necessary to gather the data you need to complete the form.
- Foundation Financial information
- Revenue Breakdown
- Functional Expenses
- Significant donor reports – Donors who gave over $5000 can be pulled from database.
- Grant reports or Grantees who have received over a specified amount in your financial year.
- Compensation reports for employees