Tax Return Problem: Non Profit Organization

Assignment: Submit a current federal $990$ EZ $,$ Return of Organization Exempt from Income Tax

Facts:

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.

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.

Un$-$compensated officers of the organization and the number of hours they work per week:

$\backslash$table$[[$Name and address,Title,$\backslash$table$[[$Weekly$],[$Hours$]]],[$Kate Schloss,Director & Publisher,$18],[$George W$.$ Blood,Director,$3],[$Shelly Sport, Dallas,Director,$3]]$

In preparing Part V and VI of the return, the answers are $"$No$".$ Also complete Schedule A$,$ Part I.