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

accumulated depreciation, and book

Line 31—Prepaid Expenses

Line 43—Total liabilities

value.

and Deferred Charges

Columns (a), (b) and (c) must always

have an entry, even if it is zero.

Enter the amount of short-term and

Line 36—Other Assets

long-term prepayments of future

Line 47—Total liabilities and

List and show the book value of each

expenses attributable to one or more

category of assets not reportable on lines

net assets

future accounting periods. Examples

25 through 35. Attach a separate

include prepayments of rent, insurance,

Columns (a), (b) and (c) must always

schedule if more space is needed.

and pension costs, and expenses

have an entry, even if it is zero.

incurred in connection with a solicitation

One type of asset reportable on line 36

campaign to be conducted in a future

Part V-A and B—

is program-related investments made

accounting period.

primarily to accomplish a charitable

Charitable Remainder

purpose of the trust rather than to

Lines 32a, b, and c

Trust Information

produce income.

Investments—Government

Line 37—Total assets

Obligations, Corporate Stocks,

Line 49a

and Bonds

Columns (a), (b) and (c) must always

Enter the unitrust fixed percentage (which

have an entry, even if it is zero.

may not be less than 5% or more than

Enter the book value (which may be

50%).

market value) of these investments.

Line 38—Accounts Payable

Attach a schedule that lists each security

If there is more than one unitrust

and Accrued Expenses

held at the end of the year and shows

recipient, attach a schedule showing the

whether the security is listed at cost

Enter the total accounts payable to

percentage of the total unitrust dollar

(including the value recorded at the time

suppliers and others, and accrued

amount payable to each recipient. The

of receipt in the case of donated

expenses such as salaries payable,

sum of these individual shares should be

securities) or end-of-year market value.

accrued payroll taxes, and interest

100%.

Do not include amounts shown on line 26.

payable.

Line 49b

Governmental obligations reported on line

Line 39—Deferred Revenue

32a are those that mature in 1 year or

This line must always have an entry, even

more. Debt securities of the U.S.

Include revenue that the organization has

if it is zero.

Government may be reported as a single

received but not yet earned as of the

total rather than itemized. Obligations of

Line 50a

balance sheet date under its method of

state and municipal governments may

accounting.

Enter the trust’s 2002 income determined

also be reported as a lump-sum total. Do

under the terms of the governing

not combine U.S. Government obligations

Line 40—Loans From Officers,

instrument and applicable local law. Do

with state and municipal obligations on

Directors, Trustees, and Other

not include extraordinary dividends or

the attached schedule.

taxable stock dividends that are

Disqualified Persons

determined under the governing

Line 33—Investments—Land,

Enter the unpaid balance of loans

instrument and applicable local law to be

received from officers, directors, trustees,

Buildings, and Equipment

allocable to corpus.

and other disqualified persons. For loans

Enter the book value (cost or other basis

outstanding at the end of the year, attach

Line 51a

less accumulated depreciation) of all land,

a schedule that provides (for each loan)

buildings, and equipment held for

Figure the total accrued distribution

the name and title of the lender and the

investment purposes, such as rental

deficiencies from previous years as

information specified in the line 28

follows:

properties. Attach a schedule listing these

instructions.

investment fixed assets held at the end of

1. Aggregate the unitrust’s net asset

the year and showing, for each item or

Line 41—Mortgages and Other

FMV for each previous year.

category listed, the cost or other basis,

2. Multiply 1 above by the unitrust’s

Notes Payable

accumulated depreciation, and book

fixed percentage.

Enter the amount of mortgages and other

value.

3. From the result in 2, subtract the

notes payable at the beginning and end of

aggregate trust income that was

the year. Attach a schedule showing, as

Line 34—Investments—Other

distributed for previous years.

of the end of the year, the total amount of

Enter the amount of all other investment

all mortgages payable and, for each

holdings not reported on line 32 or 33.

Line 52

nonmortgage note payable, the name of

Attach a schedule describing each of

the lender and the other information

Enter the total 2002 unitrust distributions

these investments held at the end of the

reported in Part III.

specified in the line 28 instructions. The

year. Show the book value for each and

schedule should also identify the

indicate whether the investment is listed

Line 53

relationship of the lender to any officer,

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

director, trustee, or other disqualified

Use this amount to determine future

not include program-related investments.

person.

accrued distribution deficiencies.

See instructions for line 36.

Short tax years. To figure the annuity

Line 42—Other Liabilities

Line 35—Land, Buildings, and

amount (line 48b) or the unitrust amount

List and show the amount of each liability

(line 52) for short tax years, multiply the

Equipment

not reportable on lines 38 through 41.

annuity or unitrust amount by the number

Enter the book value (cost or other basis

Attach a separate schedule if more space

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

less accumulated depreciation) of all land,

is needed.

divide the result by 365 (or 366 for leap

buildings, and equipment owned by the

years).

trust and not held for investment. This

Both annuity trusts and unitrusts

includes any equipment owned and used

should include any advances from

For a unitrust whose governing

by the trust in conducting its charitable

trustees on line 42. Unitrusts should also

instrument provides for an income

activities. Attach a schedule listing these

include any unitrust amounts applicable to

exception, if no valuation date occurs

fixed assets held at the end of the year

prior periods that are unpaid as of the

before the end of the trust’s tax year,

and showing for each item or category

valuation date, since such amounts

value the trust’s assets as of the last day

listed, the cost or other basis,

reduce the net FMV of the trust’s assets.

of the trust’s tax year.

-6-

Instructions For Form 5227 Page 6

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