Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2010 Page 29
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32Program services are mainly those
M reported admissions income in
noncharitable exempt organization even if
activities that the reporting organization
column (e) of Part XVI-A and explained in
the transfer or transaction constitutes the
was created to conduct and that, along
Part XVI-B that these performances are
only connection with the noncharitable
with any activities begun later, form the
the primary means by which it
exempt organization.
basis of the organization’s current
accomplishes its cultural and educational
Related organizations. If the
exemption from tax.
purposes.
noncharitable exempt organization is
Because M also reported interest from
related to or affiliated with the reporting
Program services can also include the
state bonds in column (e) of Part XVI-A,
organization, report all direct and indirect
organization’s unrelated trade or business
M explained in Part XVI-B that such
transfers and transactions except for
activities. Program service revenue also
interest was excluded from gross income
contributions and grants it received.
includes income from program-related
by Code section 103.
Unrelated organizations. All
investments (such as interest earned on
transfers to an unrelated noncharitable
scholarship loans) as defined in the
Part XVII. Information
exempt organization must be reported on
instructions for Part IX-B.
line 1a. All transactions between the
Regarding Transfers To
Line 11. On lines 11a – e, list each
reporting organization and an unrelated
“Other revenue” activity not reported on
and Transactions and
noncharitable exempt organization must
lines 1 through 10. Report the sum of the
be shown on line 1b unless they meet the
Relationships With
amounts entered for lines 11a – e,
exception in the specific instructions for
columns (b), (d), and (e), on Part I, line
Noncharitable Exempt
line 1b.
11.
Line 1a. Transfers. Answer “Yes” to
Organizations
Line 13. On line 13, enter the total of
lines 1a(1) and 1a(2) if the reporting
columns (b), (d), and (e) of line 12.
Part XVII is used to report direct and
organization made any direct or indirect
indirect transfers to (line 1a) and direct
transfers of any value to a noncharitable
You may use the following worksheet
and indirect transactions with (line 1b)
exempt organization.
to verify your calculations.
and relationships with (line 2) any other
A “transfer” is any transaction or
Line 13, Part XVI-A . . . . . . . . . . .
noncharitable exempt organization. A
arrangement whereby one organization
“noncharitable exempt organization” is an
Minus:
Part I, Line 5b . . . . . . . . .
transfers something of value (cash, other
organization exempt under section 501(c)
Note: If Part I, line 5b,
assets, services, use of property, etc.) to
(that is not exempt under section
reflects a loss, add that
another organization without receiving
501(c)(3)), or a political organization
amount here instead of
something of more than nominal value in
described in section 527.
subtracting.
return. Contributions, gifts, and grants are
For purposes of these instructions, the
examples of transfers.
Plus:
Part I, Line 1 . . . . . . . . . .
section 501(c)(3) organization completing
If the only transfers between the two
Part XVII is referred to as the “reporting
Plus:
Part I, Line 5a, . . . . . . . . .
organizations were contributions and
organization.”
grants made by the noncharitable exempt
Plus:
Expenses of special events
A noncharitable exempt organization is
organization to the reporting organization,
deducted in computing Part
“related to or affiliated with” the reporting
XVI-A, line 9 . . . . . . . . . .
answer “No.”
organization if either:
Line 1b. Other transactions. Answer
Equal:
Part I, Line 12, column (a)
•
The two organizations share some
“Yes” for any transaction described on
element of common control, or
line 1b(1) – (6), regardless of its amount, if
•
A historic and continuing relationship
it is with a related or affiliated
Part XVI-B. Relationship of
exists between the two organizations.
organization.
Activities to the
A noncharitable exempt organization is
Unrelated organizations. Answer
unrelated to the reporting organization if:
“Yes” for any transaction between the
Accomplishment of
•
The two organizations share no
reporting organization and an unrelated
Exempt Purposes
element of common control, and
noncharitable exempt organization,
•
A historic and continuing relationship
regardless of its amount, if the reporting
To explain how each amount in column
does not exist between the two
organization received less than adequate
(e) of Part XVI-A was related or exempt
organizations.
consideration. There is adequate
function income, show the line number of
An “element of common control” is
consideration when the fair market value
the amount in column (e) and give a brief
present when one or more of the officers,
of the goods and other assets or services
description of how each activity reported
directors, or trustees of one organization
furnished by the reporting organization is
in column (e) contributed importantly to
are elected or appointed by the officers,
not more than the fair market value of the
the accomplishment of the organization’s
directors, trustees, or members of the
goods and other assets or services
exempt purposes (other than by providing
other. An element of common control is
received from the unrelated noncharitable
funds for such purposes). Activities that
also present when more than 25% of the
exempt organization. The exception
generate exempt-function income are
officers, directors, or trustees of one
described below does not apply to
activities that form the basis of the
organization serve as officers, directors,
transactions for less than adequate
organization’s exemption from tax.
or trustees of the other organization.
consideration.
Also, explain any income entered in
A “historic and continuing relationship”
Answer “Yes” for any transaction
column (e) that is specifically excluded
exists when two organizations participate
between the reporting organization and
from gross income other than by Code
in a joint effort to achieve one or more
an unrelated noncharitable exempt
section 512, 513, or 514. If no amount is
common purposes on a continuous or
organization if the “amount involved” is
entered in column (e), do not complete
recurring basis rather than on the basis of
more than $500. The “amount involved” is
Part XVI-B.
one or more isolated transactions or
the fair market value of the goods,
activities. Such a relationship also exists
services, or other assets furnished by the
Example. M, a performing arts
when two organizations share facilities,
reporting organization.
association, is primarily supported by
equipment, or paid personnel during the
endowment funds. It raises revenue by
Exception. If a transaction with an
year, regardless of the length of time the
charging admissions to its performances.
unrelated noncharitable exempt
arrangement is in effect.
These performances are the primary
organization was for adequate
means by which the organization
Line 1. Reporting of certain transfers
consideration and the amount involved
accomplishes its cultural and educational
and transactions. Generally, report on
was $500 or less, answer “No” for that
purposes.
line 1 any transfer to or transaction with a
transaction.
-29-
Form 990-PF Instructions
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