Go to the website www.guidestar.org and enter the name of a private not-for-profit organization. Considerable information will

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Go to the website www.guidestar.org and enter the name of a private not-for-profit organization. Considerable information will be available about the entity. By registering, it should be possible to find a link to the Form 990 (Return of Organization Exempt from Income Tax) filed with the Internal Revenue Service for informational purposes. Scan through this document and answer the following questions:


Required

1. On line I near the top of the first page, determine the organization’s specific type of Section 501(c) designation.

2. At Part VII, there is a list of officers, directors, trustees, and key employees. List the three individuals with the highest level of compensation.

3. In Part IX, there is a statement of functional expenses. For this organization, what percentage of its total expenses is labeled as program service expenses?

4. Scan the entire Form 990 for information that would not otherwise be available about this organization.

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Advanced Accounting

ISBN: 9781260247824

14th Edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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