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Blogging Beyond the Numbers

Posted by: Yigit Uctum 2 years ago
What is the Form 1023? Form 1023 is the application filed with the IRS in order to request exempt status under Section 501(c)(3).  A new Form 1023-EZ was released in July 2014 to help smaller organizations seeking exempt status.  Upon approval, the organization will receive a determination letter from the IRS.  The determination letter provides written assurance that the organization qualifies to receiv...
Posted by: Yigit Uctum 2 years ago
What is the Form 990? Form 990 is the annual information return required to be filed with the IRS by most organizations exempt from income tax.  The form requires disclosure of information about the organization’s mission, program achievements, governance, and finances.   The Form 990 is subject to Federal public disclosure laws.  There are many websites that make 990s available for the public to rev...