Tennessee Sample of Summary of Financial Activities Form for 990

• Category: Tennessee Secretary of State - Miscellaneous
• State: Tennessee
• Control #: TN-SKU-1364
• Format: PDF

Description

Sample of Summary of Financial Activities Form for 990 The Tennessee Sample of Summary of Financial Activities Form for 990 is a document used to report the financial activities of an organization that is subject to the U.S. Internal Revenue Service's (IRS) reporting requirements. The form provides a summary of the sources of income, expenses, and changes in net assets of the organization. This form is most commonly used for organizations that are required to file Form 990, Return of Organization Exempt from Income Tax. The Tennessee Sample of Summary of Financial Activities Form for 990 is composed of two parts. The first part, the summary of activities, includes a brief overview of the organization's income, expenses, gains, and losses. It also includes a breakdown of the organization's assets, liabilities, and net assets at the end of the year. The second part, the detailed financial statements, provides more specific information on the organization's financial activities. It includes a breakdown of the organization's revenues, expenses, gains, and losses, as well as a list of investments, liabilities, and other items that affect the organization's net assets. There are two types of Tennessee Sample of Summary of Financial Activities Form for 990. The first is the Standard Form 990, which is used for organizations with gross receipts of less than $200,000 and total assets of less than $500,000. The second is the Long Form 990, which is used by organizations with gross receipts of $200,000 or more and total assets of $500,000 or more. Keywords: Tennessee Sample, Summary of Financial Activities, Form 990, U.S. Internal Revenue Service (IRS), income, expenses, assets, liabilities, net assets, revenues, gains, losses, investments.

The Tennessee Sample of Summary of Financial Activities Form for 990 is a document used to report the financial activities of an organization that is subject to the U.S. Internal Revenue Service's (IRS) reporting requirements. The form provides a summary of the sources of income, expenses, and changes in net assets of the organization. This form is most commonly used for organizations that are required to file Form 990, Return of Organization Exempt from Income Tax. The Tennessee Sample of Summary of Financial Activities Form for 990 is composed of two parts. The first part, the summary of activities, includes a brief overview of the organization's income, expenses, gains, and losses. It also includes a breakdown of the organization's assets, liabilities, and net assets at the end of the year. The second part, the detailed financial statements, provides more specific information on the organization's financial activities. It includes a breakdown of the organization's revenues, expenses, gains, and losses, as well as a list of investments, liabilities, and other items that affect the organization's net assets. There are two types of Tennessee Sample of Summary of Financial Activities Form for 990. The first is the Standard Form 990, which is used for organizations with gross receipts of less than $200,000 and total assets of less than $500,000. The second is the Long Form 990, which is used by organizations with gross receipts of $200,000 or more and total assets of $500,000 or more. Keywords: Tennessee Sample, Summary of Financial Activities, Form 990, U.S. Internal Revenue Service (IRS), income, expenses, assets, liabilities, net assets, revenues, gains, losses, investments.