Welcome to the guide for completing the AG990-IL form‚ a mandatory annual financial report for charitable organizations in Illinois. This section provides an overview of the form’s purpose‚ requirements‚ and key deadlines to ensure compliance with state regulations.
Purpose of Form AG990-IL
The AG990-IL form is required for charitable organizations in Illinois to disclose financial activities annually. Its purpose is to ensure transparency and accountability‚ helping the Illinois Attorney General oversee compliance with charitable laws. Organizations must submit financial statements‚ IRS forms‚ and other documents to demonstrate ethical operations and adherence to regulations. This ensures public trust and legal compliance‚ providing a clear financial overview for stakeholders and regulatory bodies.
Filing Deadline and Due Date
The AG990-IL form must be submitted within six months after the close of the organization’s fiscal year. Late filing results in a $100 penalty. Ensure timely submission to avoid additional fees.
Required Documents and Attachments
The AG990-IL must include financial statements‚ IRS returns‚ and applicable fees. Attachments like audited statements and a $15 filing fee are mandatory for compliance.
4.1. Financial Statements
Organizations must submit detailed financial statements with the AG990-IL‚ including a balance sheet and income statement. These documents must reflect the organization’s financial status accurately. Audited or reviewed statements are required based on the organization’s gross receipts and assets. For smaller organizations‚ unaudited financial statements may suffice if they meet specific thresholds. Ensure all financial data aligns with IRS filings to avoid discrepancies. Proper documentation is essential for compliance and transparency.
4.2. IRS Forms and Extensions
Organizations must submit copies of their federal IRS Forms 990‚ 990-EZ‚ or 990-PF with the AG990-IL. If an extension was requested for the IRS return‚ attach a copy of Form 8868. The AG990-IL can be filed with preliminary data if the IRS forms are pending‚ but a final submission must follow once the IRS return is complete. Ensure all IRS documents are accurately reflected in the AG990-IL to maintain compliance. Proper documentation of extensions and filings is crucial to avoid penalties and ensure timely processing of the annual report.
Filing Fee and Payment Instructions
The filing fee for submitting Form AG990-IL is $15‚ which must be paid via check or money order made payable to the Illinois Charity Bureau Fund. This fee is non-refundable and must accompany the completed annual report. Organizations with gross receipts exceeding $15‚000 or assets over $25‚000 are required to pay this fee. Late filings incur a $100 penalty‚ emphasizing the importance of timely submission. Payment should be included with the form and all required attachments. Ensure the organization’s name and address are clearly marked on the payment to avoid processing delays. Keep a copy of the payment receipt for your records. Proper payment ensures compliance and avoids additional penalties.
Submission Guidelines
Submit the completed AG990-IL form and all required attachments to the Illinois Attorney General’s office. Ensure the report is complete‚ as incomplete submissions are not accepted. Mail the documents to the specified address or submit electronically if available. Include the $15 filing fee and any additional required payments. Attachments must include financial statements‚ IRS forms‚ and other supporting documents. Verify all information for accuracy before submission to avoid delays. Electronic submissions may offer convenience‚ but ensure compliance with formatting and security requirements. For mailing‚ use the address provided in the instructions. Always retain a copy for your records. Timely and accurate submission is crucial for maintaining compliance with Illinois charitable reporting regulations.
6.1. Mailing Address
Submit the completed AG990-IL form and attachments to the Illinois Attorney General’s Charitable Trust Bureau at one of the following addresses:
- Springfield Office: 500 S. 2nd St.‚ Springfield‚ IL 62701
- Chicago Office: 115 S. LaSalle St.‚ Chicago‚ IL 60603
- Carbondale Office: 1745 Innovation Drive‚ Suites C & D‚ Carbondale‚ IL 62903
Ensure all required documents‚ including financial statements and the $15 filing fee‚ are included. Mailed reports must be postmarked by the deadline to avoid penalties. Always verify the address matches the submission type (e.g.‚ annual report or registration). For electronic submissions‚ refer to the specific online portal instructions. Note that incomplete or incorrect submissions may result in processing delays or penalties. Retain a copy of the mailed documents for your records. Address accuracy is crucial to ensure timely processing by the Attorney General’s office.
6.2. Electronic Submission
Electronic submission of the AG990-IL form is available through the Illinois Attorney General’s online portal‚ which expedites processing. To submit electronically:
- Create an account on the Attorney General’s website if not already registered.
- Complete the form online‚ ensuring all required fields are filled accurately.
- Upload all necessary attachments‚ including financial statements and IRS forms.
- Pay the $15 filing fee using a credit or debit card.
- Review and submit the report‚ ensuring completeness before finalizing.
Upon successful submission‚ a confirmation email will be sent. Keep this for your records. Note that incomplete submissions or missing attachments will result in rejection. Always verify the portal’s requirements and updates before submitting. For assistance‚ contact the Charitable Trust Bureau at (312) 814-2595.
Late Filing Penalties
Failing to submit the AG990-IL form by the designated deadline results in a $100 late filing penalty. This penalty applies if the report is incomplete or submitted after the six-month grace period following the fiscal year end. Organizations must ensure timely filing to avoid additional fees. The Illinois Attorney General’s office emphasizes that late submissions hinder compliance and may lead to further scrutiny. It is crucial to review the form’s submission status and confirm receipt to prevent penalties. For questions regarding late filings‚ contact the Charitable Trust Bureau at (312) 814-2595 for guidance. Prompt action is essential to maintain compliance and avoid financial repercussions. Always verify the filing status to ensure timely submission and penalty avoidance. Proper planning and adherence to deadlines are vital for uninterrupted operations and good standing with the state.
Special Instructions for Completing the Form
Ensure all sections of the AG990-IL are completed accurately. Signatures are required for authorization‚ and contributions must be reported as defined by the Solicitation for Charity Act. Professional fundraisers must be disclosed‚ and financial statements should include balance sheets and income statements. Adherence to these instructions ensures compliance and avoids delays in processing. Proper documentation and transparency are essential for a complete and valid submission. Always review the form thoroughly before filing to prevent errors or omissions. If unsure‚ consult the Illinois Attorney General’s guidelines or contact the Charitable Trust Bureau for clarification. Accuracy is key to avoiding penalties and ensuring timely approval. Detailed reporting ensures compliance with state regulations and maintains organizational integrity. Follow all specified formatting and submission requirements carefully. This ensures a smooth filing process and maintains good standing with the state. Proper completion of the form is vital for accountability and transparency in charitable operations. Always verify the accuracy of financial data and disclosures before submission. This ensures compliance with legal standards and avoids potential penalties. Professional fundraisers must be reported with detailed information‚ including contracts and compensation. Contributions must be itemized and disclosed as per the Solicitation for Charity Act. Financial statements must be audited or reviewed‚ depending on the organization’s size and revenue. Always include all required attachments to avoid delays or penalties. Proper completion of the form demonstrates accountability and ensures compliance with state regulations. If filing electronically‚ ensure all digital signatures are valid and properly authenticated. Paper filings must include original signatures and required documentation. Always retain a copy of the submitted form for organizational records. Timely and accurate completion of the AG990-IL is essential for maintaining compliance and avoiding penalties. If errors are discovered after submission‚ file an amended report promptly. Always follow the latest guidelines from the Illinois Attorney General’s office for the most up-to-date instructions. Proper completion of the form ensures transparency and accountability in charitable operations. Always review the form carefully before submission to avoid errors or omissions. If unsure about any section‚ seek guidance from the Charitable Trust Bureau or legal counsel. Accuracy and completeness are crucial for a successful filing. Detailed reporting ensures compliance with state regulations and maintains organizational integrity. Always verify the accuracy of financial data and disclosures before submission. This ensures compliance with legal standards and avoids potential penalties. Professional fundraisers must be reported with detailed information‚ including contracts and compensation. Contributions must be itemized and disclosed as per the Solicitation for Charity Act. Financial statements must be audited or reviewed‚ depending on the organization’s size and revenue. Always include all required attachments to avoid delays or penalties. Proper completion of the form demonstrates accountability and ensures compliance with state regulations. If filing electronically‚ ensure all digital signatures are valid and properly authenticated. Paper filings must include original signatures and required documentation. Always retain a copy of the submitted form for organizational records. Timely and accurate completion of the AG990-IL is essential for maintaining compliance and avoiding penalties. If errors are discovered after submission‚ file an amended report promptly. Always follow the latest guidelines from the Illinois Attorney General’s office for the most up-to-date instructions. Proper completion of the form ensures transparency and accountability in charitable operations. Always review the form carefully before submission to avoid errors or omissions. If unsure about any section‚ seek guidance from the Charitable Trust Bureau or legal counsel. Accuracy and completeness are crucial for a successful filing. Detailed reporting ensures compliance with state regulations and maintains organizational integrity. Always verify the accuracy of financial data and disclosures before submission. This ensures compliance with legal standards and avoids potential penalties. Professional fundraisers must be reported with detailed information‚ including contracts and compensation. Contributions must be itemized and disclosed as per the Solicitation for Charity Act. Financial statements must be audited or reviewed‚ depending on the organization’s size and revenue. Always include all required attachments to avoid delays or penalties. Proper completion of the form demonstrates accountability and ensures compliance with state regulations. If filing electronically‚ ensure all digital signatures are valid and properly authenticated. Paper filings must include original signatures and required documentation. Always retain a copy of the submitted form for organizational records. Timely and accurate completion of the AG990-IL is essential for maintaining compliance and avoiding penalties. If errors are discovered after submission‚ file an amended report promptly. Always follow the latest guidelines from the Illinois Attorney General’s office for the most up-to-date instructions. Proper completion of the form ensures transparency and accountability in charitable operations. Always review the form carefully before submission to avoid errors or omissions. If unsure about any section‚ seek guidance from the Charitable Trust Bureau or legal counsel. Accuracy and completeness are crucial for a successful filing. Detailed reporting ensures compliance with state regulations and maintains organizational integrity. Always verify the accuracy of financial data and disclosures before submission. This ensures compliance with legal standards and avoids potential penalties. Professional fundraisers must be reported with detailed information‚ including contracts and compensation. Contributions must be itemized and disclosed as per the Solicitation for Charity Act. Financial statements must be audited or reviewed‚ depending on the organization’s size and revenue. Always include all required attachments to avoid delays or penalties. Proper completion of the form demonstrates accountability and ensures compliance with state regulations. If filing electronically‚ ensure all digital signatures are valid and properly authenticated. Paper filings must include original signatures and required documentation. Always retain a copy of the submitted form for organizational records. Timely and accurate completion of the AG990-IL is essential for maintaining compliance and avoiding penalties. If errors are discovered after submission‚ file an amended report promptly. Always follow the latest guidelines from the Illinois Attorney General’s office for the most up-to-date instructions. Proper completion of the form ensures transparency and accountability in charitable operations. Always review the form carefully before submission to avoid errors or omissions. If unsure about any section‚ seek guidance from the Charitable Trust Bureau or legal counsel. Accuracy and completeness are crucial for a successful filing. Detailed reporting ensures compliance with state regulations and maintains organizational integrity. Always verify the accuracy of financial data and disclosures before submission. This ensures compliance with legal standards and avoids potential penalties. Professional fundraisers must be reported with detailed information‚ including contracts and compensation. Contributions must be itemized and disclosed as per the Solicitation for Charity Act. Financial statements must be audited or reviewed‚ depending on the organization’s size and revenue. Always include all required attachments to avoid delays or penalties. Proper completion of the form demonstrates accountability and ensures compliance with state regulations. If filing electronically‚ ensure all digital signatures are valid and properly authenticated. Paper filings must include original signatures and required documentation. Always retain a copy of the submitted form for organizational records. Timely and accurate completion of the AG990-IL is essential for maintaining compliance and avoiding penalties. If errors are discovered after submission‚ file an amended report promptly. Always follow the latest guidelines from the Illinois Attorney General’s office for the most up-to-date instructions. Proper completion of the form ensures transparency and accountability in charitable operations. Always review the form carefully before submission to avoid errors or omissions. If unsure about any section‚ seek guidance from the Charitable Trust Bureau or legal counsel. Accuracy and completeness are crucial for a successful filing. Detailed reporting ensures compliance with state regulations and maintains organizational integrity. Always verify the accuracy of financial data and disclosures before submission. This ensures compliance with legal standards and avoids potential penalties. Professional fundraisers must be reported with detailed information‚ including contracts and compensation. Contributions must be itemized and disclosed as per the Solicitation for Charity Act. Financial statements must be audited or reviewed‚ depending on the organization’s size and revenue. Always include all required attachments to avoid delays or penalties. Proper completion of the form demonstrates accountability and ensures compliance with state regulations. If filing electronically‚ ensure all digital signatures are valid and properly authenticated. Paper filings must include original signatures and required documentation. Always retain a copy of the submitted form for organizational records. Timely and accurate completion of the AG990-IL is essential for maintaining compliance and avoiding penalties. If errors are discovered after submission‚ file an amended report promptly. Always follow the latest guidelines from the Illinois Attorney General’s office for the most up-to-date instructions. Proper completion of the form ensures transparency and accountability in charitable operations. Always review the form carefully before submission to avoid errors or omissions. If unsure about any section‚ seek guidance from the Charitable Trust Bureau or legal counsel. Accuracy and completeness are crucial for a successful filing. Detailed reporting ensures compliance with state regulations and maintains organizational integrity. Always verify the accuracy of financial data and disclosures before submission. This ensures compliance with legal standards and avoids potential penalties. Professional fundraisers must be reported with detailed information‚ including contracts
and Final Tips
8.1. Reporting Contributions
Accurate reporting of contributions is essential for compliance with the AG990-IL form. Contributions must be disclosed as defined by the Solicitation for Charity Act. Itemize contributions exceeding $250‚ including donor names‚ addresses‚ and amounts. Ensure transparency by reporting all sources of funding. Properly categorize contributions as cash‚ in-kind‚ or other types. Attach additional schedules if contributions exceed the space provided. Verify totals match financial statements. Failure to report contributions accurately may result in penalties or delays. Always adhere to the Illinois Attorney General’s guidelines for reporting contributions. Ensure compliance with state regulations to maintain organizational integrity and avoid legal issues. Detailed and accurate reporting ensures transparency and accountability. Always review contribution reporting for accuracy before submission.