About the IRS Form 990
SeniorCare Experts is private, non-profit 501(c)3 organization. As such, we are required to file a form 990 with the IRS each year.
The Form 990, entitled “Return of Organization Exempt From Income Tax,” is a report that must be filed each year with the Internal Revenue Service (IRS) by organizations exempt from Federal income taxes under section 501 of the Internal Revenue Code, and whose annual receipts are "normally" more than $25,000 a year. It is an information return and not an income tax return since the organizations that file it do not pay income taxes.
There are many different kinds of nonprofit organizations that are exempt under section 501 of the Code. Generally, organizations are exempt under section 501(c)3 if they pursue charitable, educational or religious purposes.
There is information in the Form 990 that you may find interesting and helpful for learning about the nonprofit organization that filed the Form 990. If you are thinking of contributing to a nonprofit, you may want to know what it does and how strong it is financially (its ability to attract resources, its level of reserves, etc.).
What can a 990 tell you about the organization? Some information that can be gleaned from the form includes:
- Identity and Tax Status
- How Much Income Was Received and From What Sources?
- How Did Total Expenses Break Down Between Program, Management and Fundraising Expenses?
- What Kinds of Programs Are Run and How Much Does the Agency Spend on Them?
- Who Are the Board Members and How Much Does Its Top Staff Get Paid?
- Does the Filer Lobby?
Form 990, in addition to being the main IRS reporting form for nonprofits, is the basic component of the annual report that must be filed with a large number of state offices that regulate charitable solicitation. Many states require supplemental reports as well as the Form 990.
The Form 990 is a public document and must be shown to anyone who requests to see it. Most Forms 990 are being posted on the Internet by the National Center for Charitable Statistics and Guidestar, two nonprofit groups in the Washington D.C., area.
To view SeniorCare Experts Form 990, please go to www.guidestar.org.
To make an on-line charitable contribution to SeniorCare Experts please click here!
Or, call Becky Ricketts, Community Resources at 502-896-2316