The 990-PF form is an annual filing requirement for certain types of tax-exempt organizations. It is used to report the financial activities of private foundations to the IRS. This form is also used to provide information to the public about the organization's activities and finances.
The 990-PF form must be filed annually with the IRS after the end of the organization's fiscal year. This form is typically used by private foundations, charities, and certain other tax-exempt organizations. It must be filed even if the organization had no activity during the year.
The 990 Form requires the organization to provide information about its activities, assets, liabilities, income, and expenses. This includes a detailed report of all grants and contributions made by the organization. The form also requires the organization to provide information about its investments, and any related parties.
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The form also requires the organization to provide a description of its activities, including its mission, goals, and any other activities related to its exempt purpose. The organization must also provide information about any lobbying activities it has engaged in or intends to engage in, and any political activities it has engaged in or intends to engage in.
Finally, the form requires the organization to provide a detailed report of its financial activities. This includes a balance sheet, a statement of activities, a statement of functional expenses, and a statement of cash flows. The organization must also include any supplemental schedules or attachments necessary to provide a full and accurate disclosure of its financial activities.