At Ethos Discovery we pride ourselves on our transparent approach to scientific innovation. By sharing results from our studies to fellow researchers in human health, we area able to contribute to the development of novel diagnostic and therapeutic innovations in both veterinary and human medicine.
As a not-for Profit we are required to file IRS Form 990 annually, in keeping with our transparent approach, our annual IRS filings are linked in the sidebar.
If you have questions, please do not hesitate to contact us.
What Is IRS Form 990, Who Files It, and Why
IRS Form 990 is an informational tax form that most tax-exempt organizations must file annually. In a nutshell, the form gives the IRS an overview of the organization’s activities, governance and detailed financial information.
Form 990 also includes a section for the organization to outline its accomplishments in the previous year to justify maintaining its tax-exempt status. In collecting this information, the IRS wants to ensure that organizations continue to qualify for tax exemption after the status is granted.
Most tax-exempt organizations that have gross receipts of at least $200,000 or assets worth at least $500,000 must file Form 990 on an annual basis.
Form 990 initially requires the organization to describe its mission or other significant activities. The organization must then disclose financial details on its revenues, expenses, assets and liabilities.
The IRS also wants to ensure that the organization is worthy of maintaining its tax-exempt status and requires more details on the types of activities it engages in during the year. A significant portion of the form requires information on how the organization is governed, and specifically requests the names of its officers, directors, highly compensated employees and other employees who are involved with managing the organization.