Instructions For Form 5227 (Page 6 of 8) in pdf

line 28, and loans to other employees on

buildings, and equipment owned by the

prior periods that are unpaid as of the

line 36.

trust and not held for investment. This

valuation date, since such amounts

includes any equipment owned and used

reduce the net FMV of the trust’s assets.

Line 30—Inventories for Sale or

by the trust in conducting its charitable

Use

activities. Attach a schedule listing these

Part V-A and B—

fixed assets held at the end of the year

Enter the amount of materials, goods, and

Charitable Remainder

and showing for each item or category

supplies purchased or manufactured by

the trust and held for sale or use in some

listed, the cost or other basis,

Trust Information

accumulated depreciation, and book

future period.

value.

Line 49a

Line 31—Prepaid Expenses

and Deferred Charges

Line 36—Other Assets

Enter the unitrust fixed percentage (which

may not be less than 5% or more than

Enter the amount of short-term and

List and show the book value of each

50%).

long-term prepayments of future

category of assets not reportable on lines

expenses attributable to one or more

25 through 35. Attach a separate

If there is more than one unitrust

future accounting periods. Examples

schedule if more space is needed.

recipient, attach a schedule showing the

include prepayments of rent, insurance,

percentage of the total unitrust dollar

One type of asset reportable on line 36

and pension costs, and expenses

amount payable to each recipient. The

is program-related investments made

incurred in connection with a solicitation

sum of these individual shares should be

primarily to accomplish a charitable

campaign to be conducted in a future

100%.

purpose of the trust rather than to

accounting period.

produce income.

Line 50a

Lines 32a, b, and c

Line 38—Accounts Payable

Enter the trust’s 2001 income determined

Investments—Government

and Accrued Expenses

under the terms of the governing

Obligations, Corporate Stocks,

instrument and applicable local law. Do

Enter the total accounts payable to

and Bonds

not include extraordinary dividends or

suppliers and others, and accrued

Enter the book value (which may be

taxable stock dividends that are

expenses such as salaries payable,

market value) of these investments.

determined under the governing

accrued payroll taxes, and interest

Attach a schedule that lists each security

instrument and applicable local law to be

payable.

held at the end of the year and shows

allocable to corpus.

whether the security is listed at cost

Line 39—Deferred Revenue

(including the value recorded at the time

Line 51a

Include revenue that the organization has

of receipt in the case of donated

Figure the total accrued distribution

received but not yet earned as of the

securities) or end-of-year market value.

deficiencies from previous years as

balance sheet date under its method of

Do not include amounts shown on line 26.

follows:

accounting.

Governmental obligations reported on line

1. Aggregate the unitrust’s net asset

32a are those that mature in 1 year or

Line 40—Loans From Officers,

FMV for each previous year.

more. Debt securities of the U.S.

Directors, Trustees, and Other

2. Multiply 1 above by the unitrust’s

Government may be reported as a single

Disqualified Persons

fixed percentage.

total rather than itemized. Obligations of

3. From the result in 2, subtract the

state and municipal governments may

Enter the unpaid balance of loans

aggregate trust income that was

also be reported as a lump-sum total. Do

received from officers, directors, trustees,

distributed for previous years.

not combine U.S. Government obligations

and other disqualified persons. For loans

with state and municipal obligations on

outstanding at the end of the year, attach

the attached schedule.

a schedule that provides (for each loan)

Line 52

the name and title of the lender and the

Line 33—Investments—Land,

Enter the total 2001 unitrust distributions

information specified in the line 28

reported in Part III.

Buildings, and Equipment

instructions.

Enter the book value (cost or other basis

Line 53

Line 41—Mortgages and Other

less accumulated depreciation) of all land,

Use this amount to determine future

Notes Payable

buildings, and equipment held for

accrued distribution deficiencies.

investment purposes, such as rental

Enter the amount of mortgages and other

properties. Attach a schedule listing these

notes payable at the beginning and end of

Short tax years. To figure the annuity

investment fixed assets held at the end of

the year. Attach a schedule showing, as

amount (line 48b) or the unitrust amount

the year and showing, for each item or

of the end of the year, the total amount of

(line 52) for short tax years, multiply the

category listed, the cost or other basis,

all mortgages payable and, for each

annuity or unitrust amount by the number

accumulated depreciation, and book

nonmortgage note payable, the name of

of days in the trust’s tax year, and then

value.

the lender and the other information

divide the result by 365 (or 366 for leap

specified in the line 28 instructions. The

years).

Line 34—Investments—Other

schedule should also identify the

Enter the amount of all other investment

For a unitrust whose governing

relationship of the lender to any officer,

holdings not reported on line 32 or 33.

instrument provides for an income

director, trustee, or other disqualified

Attach a schedule describing each of

exception, if no valuation date occurs

person.

these investments held at the end of the

before the end of the trust’s tax year,

year. Show the book value for each and

Line 42—Other Liabilities

value the trust’s assets as of the last day

indicate whether the investment is listed

of the trust’s tax year.

List and show the amount of each liability

at cost or end-of-year market value. Do

not reportable on lines 38 through 41.

not include program-related investments.

Part VI-A and B—

Attach a separate schedule if more space

See instructions for line 36.

is needed.

Statements Regarding

Line 35—Land, Buildings, and

Both annuity trusts and unitrusts

Activities

Equipment

should include any advances from

Enter the book value (cost or other basis

trustees on line 42. Unitrusts should also

Answer every question in these sections.

less accumulated depreciation) of all land,

include any unitrust amounts applicable to

If a line does not apply, enter “N/A.”

-6-

Instructions For Form 5227 Page 6

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