As a nonprofit association, SVCN plays a unique role as a resource to nonprofits and our members. This makes our organizational values of transparency and integrity even more important. This is why we're sharing our IRS Form 990s here and our year-end financial statement.
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.
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