Question

All of the following exempt organizations have annual gross receipts of $200,000 or more. which is required to file form 990, return of organization exempt from income tax?

O the federal deposit insurance corporation (fdic), an instrumentality of the united states government.
O the adam winchester foundation, a private operating foundation.
O george myers university, an accredited private university.
O hope church.

Answer 1

From the given options, the Adam Winchester Foundation, a private operating foundation, is required to file Form 990 as it has annual gross receipts of $200,000 or more.

Step-by-step explanation:

All organizations with annual gross receipts of $200,000 or more are required to file Form 990, Return of Organization Exempt from Income Tax, unless they are exempted. The following organizations have been presented: the Federal Deposit Insurance Corporation (FDIC), which, being an instrumentality of the United States government, is not required to file a Form 990.

The Adam Winchester Foundation, being a private operating foundation, is indeed required to file a Form 990. George Myers University, an accredited private university, has its own category of filing and might need to complete the Form 990 or its variants depending on specific IRS guidelines. Hope Church, as a religious organization, is not required to file Form 990. Thus, the organization required to file Form 990 from the options provided is the Adam Winchester Foundation.