Sean C. Morgan
The Sweet Home Economic Development Group recently filed its 2015 Form 990 with the IRS, reporting gross receipts of $2.6 million and a net overall loss of $264,000.
Like most organizations exempt from income tax under section 501(a) of the Internal Revenue Code – nonprofits – SHEDG is required to file an annual Form 990 information form reporting gross receipts, total assets and other financial information.
The vast majority of SHEDG revenues…