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Form 990 (Schedule M) Indianapolis Indiana: What You Should Know
Greensboro's investment fund company doesn't disclose its holdings or activities unless customers request it. Form 990 forms contain a wealth of information about the businesses an organization publishes on its website. “Organizations may elect not to file Form 990, Report of Certain Financial Transactions, with the Federal Government,” the group's “About” page states. “You can make that election by filing Form 990, Statement of Organization, with the Internal Revenue Service.  If you elect not to file the Form 990, Report of Certain Financial Transactions,, an amendment should be made to the organization's original tax return.” The U.N.C.G.I.F.'s 2025 Schedule 990 is nearly two pages long, but the most concerning section is the line: “Income of the Government of the United States.” You see, the U.N.C.G.I.F. is not required to list the salaries it receives from the government; only its income from investment in government securities. This section is entirely redacted: Unable to find a copy of the federal form that lists Greensboro's income tax paid to the Department of Justice, the North Carolina State's Investment Board or its investments in government bonds issued by the Greensboro Public Works Authority, I sent the group a letter asking why it did not list its financial information. A spokeswoman for the fund declined to comment, saying the group needed to review the request before responding. Greensboro North Carolina, Inc. Schedule F 2025 (Form 990) — IRS SIGNATURE ISSUED BY C. W. TUCSON, JR. The U.N.C.G.I.F., by its nature, is not bound by the same rules that apply to nonprofits and other traditional businesses, said James H. Thomas, the vice president of government relations for the North Carolina branch of the National Association of Manufacturers. “We're a public company,” said Mr. Thomas, who acknowledged that the U.N.C.G.I.F. was a nonprofit when it started in 1951 but changed to public stock status in 2007. “They're not exempt from the income tax if they make profits from selling the stock.” “The IRS is a very powerful entity, and they can hold an institution to a very high standard if they want to,” he said.
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