Instructions For Form 5227 (Page 8 of 12) in pdf

Line 31—Prepaid Expenses and Deferred

Line 37—Total Assets

Charges

Columns (a) and (b) (and column (c) if a unitrust) must

always have an entry, even if it is zero.

Enter the amount of short-term and long-term

prepayments of future expenses attributable to one or

Line 38—Accounts Payable and Accrued

more future accounting periods. Examples include

Expenses

prepayments of rent, insurance, and pension costs, and

expenses incurred in connection with a solicitation

Enter the total accounts payable to suppliers and others,

campaign to be conducted in a future accounting period.

and accrued expenses such as salaries payable, accrued

payroll taxes, and interest payable.

Lines 32a, b, and c Investments—

Line 39—Deferred Revenue

Government Obligations, Corporate Stocks,

Include revenue that the organization has received but

and Bonds

not yet earned as of the balance sheet date under its

Enter the book value (which may be market value) of

method of accounting.

these investments. Attach a schedule that lists each

security held at the end of the year and shows whether

Line 40—Loans From Officers, Directors,

the security is listed at cost (including the value recorded

Trustees, and Other Disqualified Persons

at the time of receipt in the case of donated securities) or

Enter the unpaid balance of loans received from officers,

end-of-year market value. Do not include amounts shown

directors, trustees, and other disqualified persons. For

on line 26. Governmental obligations reported on line 32a

loans outstanding at the end of the year, attach a

are those that mature in 1 year or more. Debt securities

schedule that provides (for each loan) the name and title

of the U.S. Government may be reported as a single total

of the lender and the information specified in the line 28

rather than itemized. Obligations of state and municipal

instructions.

governments may also be reported as a lump-sum total.

Do not combine U.S. Government obligations with state

Line 41—Mortgages and Other Notes

and municipal obligations on the attached schedule.

Payable

Line 33—Investments—Land, Buildings,

Enter the amount of mortgages and other notes payable

and Equipment

at the beginning and end of the year. Attach a schedule

showing, as of the end of the year, the total amount of all

Enter the book value (cost or other basis less

mortgages payable and, for each nonmortgage note

accumulated depreciation) of all land, buildings, and

payable, the name of the lender and the other information

equipment held for investment purposes, such as rental

specified in the line 28 instructions. The schedule should

properties. Attach a schedule listing these investment

also identify the relationship of the lender to any officer,

fixed assets held at the end of the year and showing, for

director, trustee, or other disqualified person.

each item or category listed, the cost or other basis,

accumulated depreciation, and book value.

Line 42—Other Liabilities

Line 34—Investments—Other

List and show the amount of each liability not reportable

on lines 38 through 41. Attach a separate schedule if

Enter the amount of all other investment holdings not

more space is needed.

reported on line 32 or 33. Attach a schedule describing

each of these investments held at the end of the year.

Both annuity trusts and unitrusts should include any

Show the book value for each and indicate whether the

advances from trustees on line 42. Unitrusts should also

investment is listed at cost or end-of-year market value.

include any unitrust amounts applicable to prior periods

Do not include program-related investments. See

that are unpaid as of the valuation date, since such

instructions for line 36.

amounts reduce the net FMV of the trust’s assets.

Line 35—Land, Buildings, and Equipment

Line 43—Total Liabilities

Enter the book value (cost or other basis less

Columns (a) and (b) (and column (c) if a unitrust) must

accumulated depreciation) of all land, buildings, and

always have an entry, even if it is zero.

equipment owned by the trust and not held for

Line 47—Total Liabilities and Net Assets

investment. This includes any equipment owned and

used by the trust in conducting its charitable activities.

Columns (a) and (b) (and column (c) if a unitrust) must

Attach a schedule listing these fixed assets held at the

always have an entry, even if it is zero.

end of the year and showing for each item or category

listed, the cost or other basis, accumulated depreciation,

Part V-A and B—Charitable

and book value.

Remainder Trust Information

Line 36—Other Assets

Line 49a

List and show the book value of each category of assets

not reportable on lines 25 through 35. Attach a separate

Enter the unitrust fixed percentage (which may not be

schedule if more space is needed.

less than 5% or more than 50%).

One type of asset reportable on line 36 is

If there is more than one unitrust recipient, attach a

program-related investments made primarily to

schedule showing the percentage of the total unitrust

accomplish a charitable purpose of the trust rather than

dollar amount payable to each recipient. The sum of

to produce income.

these individual shares should be 100%.

-8-

Instructions For Form 5227 Page 8

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