Tax Return Problem: Non$-$Profit Organization

Assignment: Submit a current federal $990$EZ$,$ Return of Organization

Exempt from Income Tax

Facts:

$1.$ Equus Equity, $8561$ Granite Drive, Rocklin CA$,95766,916\mathrm{.}235\mathrm{.}3698$ is a

$501($c$)(3)$ organization filing its first tax return. The organization publishes a

monthly journal $$Equus Equality$$ and provides other educational materials to

members to improve their knowledge, skills, and abilities in the judging of

horse and horsemanship events.

$2.$ During the last year, membership dues collected were $$48,537$ and there

was no other income. Expenses totaled $$38,265$ and all were for the

publication of the journal and other educational materials.

$3.$ Un$-$compensated officers of the organization and the number of hours they

work per week:

Name and address Title Weekly

Hours

Kate Schloss Director & Publisher $18$

George W$.$ Blood Director $3$

Shelly Sport, Dallas Director $3$

$4.$ In preparing Part V and VI of the return, the answers are $$No$.$ Also

complete Schedule A$,$ Part I.