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Annual Financial report Of Charitbale Organization - Ohio

Annual Financial report Of Charitbale Organization Form. This is a Ohio form and can be used in Business Services Attorney General Office Statewide .
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Charitable Law Section Office 614.466.3181 Fax 614.466.9788 150 East Gay Street, 23rd Floor Columbus, Ohio 43215-3130 www.OhioAttorneyGeneral.gov Instructions for preparing Ohio's Annual Financial Report of Charitable Organization The filing of an annual financial report by a registered charitable organization is a requirement pursuant to both the Ohio Charitable Trust Act and the Ohio Charitable Organizations Act. Who Must File If the organization is registered pursuant to the Ohio Charitable Trust Act (Sections 109.23-.33, Ohio Revised Code), and has gross receipts of more than $5,000 or gross assets of more than $15,000, it must file an annual financial report with the Attorney General. A completed Annual Financial Report of Charitable Organization form satisfies this requirement. In lieu of this form, the organization may file a complete copy of its annual federal return that is required to be filed with the Internal Revenue Service (such as a Form 990). The Ohio Charitable Organizations Act (Chapter 1716, Ohio Revised Code) requires every charitable organization that intends to solicit contributions in Ohio (with certain statutory exceptions) to register annually with the Attorney General. A completed Annual Financial Report of Charitable Organization form is required to be included as part of the registration statement filed by the organization. In lieu of this form, the organization may file a complete copy of its annual federal return that is required to be filed with the Internal Revenue Service (such as a Form 990). Enter a "3" if the organization was granted 501(c)(3) status as a charitable, religious, educational, scientific, etc., organization. Enter a "4" if the organization was granted 501(c)(4) status as a civic league or social welfare organization. This report is for the year ended (Month/Day/Year) Enter the last day of the organization's fiscal year accounting period for which this Annual Financial Report is being completed. Fair market value of assets at year end Enter the amount of the fair market value of the organization's assets that are irrevocably devoted to charitable purposes at the end of the fiscal year and that reflects the most recent valuation consistent with generally accepted accounting principles. The annual filing fee charged pursuant to the Charitable Trust Act is based on this amount. Completing the Annual Financial Report The following instructions are provided to assist in completing the Annual Financial Report. Part 1 ­ Statement of Support, Revenue, Expenses, and Changes in Net Assets or Fund Balances Support and Revenue Line 1 ­ Contributions, gifts, grants, and similar amounts received Enter amounts received as voluntary contributions of direct and indirect public support. Direct public support includes amounts received from the public in response to solicitation campaigns; amounts received exceeding the retail value of any items provided to the donor; and non-governmental grants received that encourage the organization to carry on its exempt purpose. Indirect public support includes amounts received from affiliates, other related organizations and federated fundraising agencies (for example, United Way). State registration number Enter the State of Ohio registration number assigned to the organization by the Attorney General's Charitable Law Section. Employer identification number (EIN) Enter the Federal employer identification number (EIN) assigned to the organization by the Internal Revenue Service. Exempt under IRC Section 501(c) If the organization is exempt under Internal Revenue Code Section 501(c), enter the section number that identifies the type of exempt status granted the organization. Example: American LegalNet, Inc. www.FormsWorkFlow.com Line 2 ­ Government contributions and grants received Enter the total amount of grants and other payments received from governmental units. created to conduct, and that forms the basis of the organization's exempt status. Line 12 ­ Management and general Enter the total amount expended for the administrative costs of running the organization. Line 3 ­ Program service revenue Enter amounts the organization received for providing the services it was created to offer. This includes income from services that primarily form the basis for the organization's tax exemption, interest from program-related investments, and rental income from an exempt function. Line 13 ­ Fundraising Enter the total amount expended for soliciting contributions, gifts or grants, including the costs of direct mail and telephone solicitation campaigns and amounts paid to professional solicitors. Line 4 ­ Membership dues and assessments Enter amounts received from members and affiliates for which they will receive membership benefits in return. To the extent that membership dues exceed the value of the benefits, the excess amounts received are considered contributions and should be included on line 1. Line 14 ­ Total expenses Add lines 11 through 13 and enter the total here. Net Assets/Fund Balances Line 15 ­ Excess or (deficit) for the year Subtract line 14 from line 10 and enter the total here. If line 14 is more than line 10, report the loss in parentheses. Line 5 ­ Net gain or (loss) from the sale of assets other than inventory Enter the net gain or loss from the sale of investments such as securities, real estate, royalty interests, or partnership interests. The net gain or loss is determined by subtracting the cost from the gross sales price. If the cost is more than the gross sales price, report the loss in parentheses. Line 16 ­ Net assets or fund balances at beginning of year Complete Part 3, Balance Sheet, on page 3, and then enter the amount from Part 3, column (A) line 29. Line 6 ­ Interest Enter the amount of interest income from savings and temporary cash investments. Line 17 ­ Other changes in net assets or fund balances Enter the amount of any changes in net assets or fund balances between the beginning and end of the year that are not accounted for by the amount on line 15. Attach a schedule explaining any amounts reported here. Line 7 ­ Dividends Enter the amount of dividends from securities, stocks and bonds. Line 8 ­ Other investment income Enter the amount of investment income not reported as interest and dividend income. Line 18 ­ Net assets or fund balances at end of year Add lines 15, 16, and 17, and enter the total here. This total figure must equal the amount reported in Part 3, column (B) li
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