Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Page 17
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31Line 17 — Accounts payable and
of the existence of any board
through 26. For all other organizations,
accrued expenses. Enter the total of
designations or appropriations.
enter the total of lines 27 through 29.
accounts payable to suppliers and others
Enter the beginning-of-year figure in
Line 25 — Temporarily restricted. Enter
and accrued expenses, such as salaries
column (a) on line 1, Part III. The
the balances per books of the temporarily
payable, accrued payroll taxes, and
end-of-year figure in column (b) must
restricted class of net assets. Donors’
interest payable.
agree with the figure in Part III, line 6.
temporary restrictions may require that
Line 18 — Grants payable. Enter the
resources be used in a later period or
Line 31 — Total liabilities and net
unpaid portion of grants and awards that
after a specified date (time restrictions),
assets/fund balances. Enter the total of
the organization has made a commitment
or that resources be used for a specified
lines 23 and 30. This amount must equal
to pay other organizations or individuals,
purpose (purpose restrictions), or both.
the amount for total assets reported on
whether or not the commitments have
line 16 for both the beginning and end of
Line 26 — Permanently restricted.
been communicated to the grantees.
Enter the total of the balances for the
the year.
Line 19 — Deferred revenue. Include
permanently restricted class of net
revenue that the organization has
Part III—Analysis of
assets. Permanently restricted net assets
received but not yet earned as of the
are (a) assets, such as land or works of
Changes in Net Assets or
balance sheet date under its method of
art, donated with stipulations that they be
accounting.
used for a specified purpose, be
Fund Balances
preserved, and not be sold or (b) assets
Line 20 — Loans from officers,
Generally, the excess of revenue over
donated with stipulations that they be
directors, trustees, and other
expenses accounts for the difference
invested to provide a permanent source
disqualified persons. Enter the unpaid
between the net assets at the beginning
of income. The latter result from gifts and
balance of loans received from officers,
and end of the year.
bequests that create permanent
directors, trustees, and other disqualified
endowment funds.
On line 2, Part III, re-enter the figure
persons. For loans outstanding at the end
from Part I, line 27(a), column (a).
of the year, attach a schedule that shows
Organizations that do not follow SFAS
(for each loan) the name and title of the
117. If the organization does not follow
On lines 3 and 5, list any changes in
lender and the information listed in items
SFAS 117, check the box above line 27
net assets that were not caused by the
2 through 10 of the instructions for line 6
and report account balances on lines 27
receipts or expenses shown in Part I,
on page 15.
through 29. Report net assets or fund
column (a). For example, if a foundation
balances on line 30. Also complete line
Line 21 — Mortgages and other notes
follows FASB Statement No. 12 and
31 to report the sum of the total liabilities
payable. Enter the amount of mortgages
shows an asset in the ending balance
and net assets/fund balances.
and other notes payable at the beginning
sheet at a higher value than in the
and end of the year. Attach a schedule
Line 27 — Capital stock, trust principal,
beginning balance sheet because of an
showing, as of the end of the year, the
or current funds. For corporations, enter
increased market value (after a larger
total amount of all mortgages payable
the balance per books for capital stock
decrease in a prior year), include the
and, for each nonmortgage note payable,
accounts. Show par or stated value (or for
increase in Part III, line 3.
the name of the lender and the other
stock with no par or stated value, total
If the organization uses a stepped-up
information specified in items 2 through
amount received upon issuance) of all
basis to determine gains on sales of
10 of the instructions for line 6. The
classes of stock issued and, as yet,
assets included in Part I, column (a), then
schedule should also identify the
uncancelled. For trusts, enter the amount
include the amount of step-up in basis in
relationship of the lender to any officer,
in the trust principal or corpus account.
Part III. If you entered a contribution, gift,
director, trustee, foundation manager, or
For organizations continuing to use the
or grant of property valued at fair market
other disqualified person.
fund method of accounting, enter the fund
value on line 25 of Part I, column (a), the
balances for the organization’s current
Line 22 — Other liabilities. List and
difference between fair market value and
restricted and unrestricted funds.
show the amount of each liability not
book value should be shown in the books
reportable on lines 17 through 21. Attach
Line 28 — Paid-in or capital surplus, or
of account and as a net asset adjustment
a separate schedule if more space is
land, building, and equipment fund.
in Part III.
needed.
Enter the balance per books for all paid-in
capital in excess of par or stated value for
Part IV—Capital Gains and
Lines 24 Through 30—Net
all stock issued and uncancelled. If
Assets or Fund Balances
Losses for Tax on
stockholders or others gave donations
that the organization records as paid-in
Organizations that follow SFAS 117. If
Investment Income
capital, include them here. Report any
the organization follows SFAS 117, check
current-year donations you included on
Use Part IV to figure the amount of net
the box above line 24. Classify and report
line 28 in Part I, line 1. The fund balance
capital gain to report on lines 7 and 8 of
net assets in three groups — unrestricted,
for the land, building, and equipment fund
Part I.
temporarily restricted, and permanently
•
Part IV does not apply to foreign
would be entered here.
restricted — based on the existence or
organizations.
absence of donor-imposed restrictions
Line 29 — Retained earnings,
•
Nonoperating private foundations may
and the nature of those restrictions. Show
accumulated income, endowment, or
not have to figure their short-term capital
the sum of the three classes of net assets
other funds. For corporations, enter the
gain or loss on line 3. See the rules for
on line 30. On line 31, add the amounts
balance in the retained earnings, or
Nonoperating private foundations on
on lines 23 and 30 to show total liabilities
similar account, minus the cost of any
page 12.
and net assets. This figure should be the
corporate treasury stock. For trusts, enter
same as the figure for Total assets on
the balance per books in the accumulated
Private foundations must report gains
line 16.
income or similar account. For
and losses from the sale or other
organizations using fund accounting,
Line 24 — Unrestricted. Enter the
disposition of property:
•
enter the total of the fund balances for the
balances per books of the unrestricted
Held for investment purposes, or
•
permanent and term endowment funds as
class of net assets. Unrestricted net
Used to produce unrelated business
well as balances of any other funds not
assets are neither permanently restricted
income; however, only include in net
reported on lines 27 and 28.
nor temporarily restricted by
investment income the part of the gain or
donor-imposed stipulations. All funds
Line 30 — Total net assets or fund
loss that is not included in the
without donor-imposed restrictions must
balances. For organizations that follow
computation of its unrelated business
be classified as unrestricted, regardless
SFAS 117, enter the total of lines 24
taxable income.
-17-
Form 990-PF Instructions
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