Irs Form 990 2009: Fill & Download for Free

Individual employees of a certified "non-profit" organization are paid a salary commensurate with their job of course. They work for money to pay their bills and put their kids through college just like any other place of employment. The organization is classified as non-profit, not the employees.The CEOs of large global charities will make million+ salaries because running UNICEF or the Red Cross is harder than being CEO of Best Buy. A multi-national organization could never be run responsibly by an all volunteer staff.The organization itself is allowed to raise money, but the way in which that money is handled determines what type of non profit it is. A certain percentage must be devoted to its programs and initiatives. A certain percentage is allowed to be allocated towards salaries. 'Non-profit' organizations can save, invest and roll-over their 'profits' year over year incase the following year is 2009.Check out an organization's 990 IRS filing report on a website like Guidestar.com. It breaks down with incredible transparency how organizations use their money.Of course their are some shifty organizations out there. But they will not last very long before the IRS catches up with them and takes away their 501(c)3 status.

Very often we don't file taxes but depending on the income level we do file a form 990. Here is a web site that explains it the best.Nonprofits and the Revised IRS Form 990Most non-profit organizations have to file this every year. The worst that can happen is that their non profit status is pulled and any donations made to them no longer qualify as tax deductible, and possible tax consequences happen.I had it happen in the early 90’s when filing my taxes that the IRS rejected my tax forms. It turns out the church had not been filing their 990 and their tax ID had lapsed. Put me in a pickle I could not file my taxes, or at least declare that income as the employer no longer had a Tax ID. We got it straight and I filed my taxes.Similar issue in 2009 when they changed again, and I was a member of the Kiwanis Club (Community non profit club) We are a 501(c) 3 registered club that has a state district and a local divisions that a number of clubs are divided into. I was given a list of clubs in my division that had not filed their N990 (A post card) to keep their status current and we were trying to get them to all do it. Had problems with a few not getting it done. Lost of paperwork to get straight (not me, they had to do it.)

My personal experience is to donate to a local Church or Synagogue. They will give them out to local people who are in need. The other clothing charities sell the clothes in a store front.As an example of how the money is distributed Goodwill pays their CEO James Gibbons $598,000 plus an additional compensation of $118,000 per year.Marsha J. Evans, the president of the American Red Cross, was paid $651,957 in 2004. The president of the United Way is now Ralph Dickerson Jr. and his current salary is $420,000 per year, according to the Chronicle of Philanthropy.UNICEF C.E.O. and President Caryl M. Stern earned $478,645 in 2009 according to a Better Business Bureau report. The Better Business Bureau also said that Brian Gallagher, CEO of The United Way earns $1,037,410 in 2008.By comparison the Commissioner of the Salvation Army Todd Bassett and his wife received $64,116 per year to manage the Salvation Army. They have a number of salvation Army stores. As this is basically a Religious organization they fall in the Church category. A fact checking of their budget shows they give back $0.93 of every dollar received to their mission.Please view these sites for verification:Salvation Army President is paid only $13,000 per year-Fiction!Goodwill Industries - Wikipedia.If You Think Goodwill Charges Too Much for Used Clothing, You Need to Read ThisPolitiFact - Don't be duped by bogus audit of charitable groupsI hope this helps. Please beware of where you donate. If there are any questions about an organization call them and ask for more information. Many non-profits have to provide a form 990 to the IRS. This is available to the Public. It will give the salaries of the Officers. All non profits must publish their books and make them available for review. A word of caution do not believe everything you read on the Internet. One page gave the salary of Todd Bassett as just $13,000 per year. That number was very low.