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What is form AG990-Il?

This is the annual report form to be filed by charitable organizations registered with the Illinois Attorney General's office. IFC Report of Individual Fund-Raising Campaign. This is an attachment to the AG990-IL form for charitable organizations that use the services of a professional fund raiser.

What qualifies as a charitable organization?

A charitable organization is a nonprofit organization that seeks to advance some public benefit. Public benefit includes a broad range of areas such as education, poverty alleviation, scientific research, environment, diversity, religion, and health.

Do I need to file a 990 in Illinois?

are a resident or qualified to do business in the state of Illinois and are required to file federal Form 990-T, Exempt Organization Business Income Tax Return, (regardless of net income or loss).

How do I register as a charity in Illinois?

Registering requires your nonprofit to file an application with the Office of the Illinois Attorney General Charitable Trust and Solicitations Bureau and pay a filing fee. You can use either the Uniform Registration Statement or Illinois Form CO-1, Charitable Organization Registration Statement.

What is the purpose of a charitable trust?

A charitable trust is essentially a way to set up your assets to benefit you, your beneficiaries and a charity \u2014 all at the same time. A charitable trust could offer many financial advantages for philanthropically minded individuals with nonessential assets, such as stocks or real estate.

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How do I register a charity in Illinois?

How to Register. Registering requires your nonprofit to file an application with the Office of the Illinois Attorney General Charitable Trust and Solicitations Bureau and pay a filing fee. You can use either the Uniform Registration Statement or Illinois Form CO-1, Charitable Organization Registration Statement.

Who must file an AG 990 Il?

If the organization has more than $25,000 in gross revenue and assets, they must file Form AG990-IL with a copy of their IRS Return or Report (IRS 990, 990EZ, 990PD, etc.). Two individuals (the president or authorized officer and the treasurer or two trustees of the organization) must sign the AG990-IL.

Who is subject to the Illinois charitable trust Act?

The Charitable Trust Act requires that all trustees who have held $4,000 or more in charitable assets, at any time in the previous 12 months, to register annually with the Illinois Attorney General's Office.

Who Must File AG990 Il?

If the organization has more than $25,000 in gross revenue and assets, they must file Form AG990-IL with a copy of their IRS Return or Report (IRS 990, 990EZ, 990PD, etc.). Two individuals (the president or authorized officer and the treasurer or two trustees of the organization) must sign the AG990-IL.

What is an Illinois Charitable Trust?

Charitable Trust \u2013 Helping Small Nonprofits Across Illinois Money for the Fund comes from the filing fees not-for-profit organizations pay to incorporate with the State of Illinois. The program is funded by non-profits and exists to support non-profits.

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