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 28
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31Unrelated organizations. All
the reporting organization guaranteed the
Signature
transfers to an unrelated noncharitable
other’s loans.
The return must be signed by the
exempt organization must be reported on
Line 1b(6). Answer “Yes” if either
president, vice president, treasurer,
line 1a. All transactions between the
organization performed services or
assistant treasurer, chief accounting
reporting organization and an unrelated
membership or fundraising solicitations
officer, or other corporate officer (such as
noncharitable exempt organization must
for the other.
tax officer) who is authorized to sign. A
be shown on line 1b unless they meet the
receiver, trustee, or assignee must sign
exception in the specific instructions for
Line 1c. Complete line 1c regardless of
any return that he or she is required to file
line 1b.
whether the noncharitable exempt
for a corporation. If the return is filed for a
Line 1a — Transfers. Answer “Yes” to
organization is related to or closely
trust, it must be signed by the authorized
lines 1a(1) and 1a(2) if the reporting
affiliated with the reporting organization.
trustee or trustees. Sign and date the
For purposes of this line, “facilities”
organization made any direct or indirect
form and fill in the signer’s title.
transfers of any value to a noncharitable
includes office space and any other land,
exempt organization.
building, or structure whether owned or
If an officer or employee of the
leased by, or provided free of charge to,
organization prepares the return, the Paid
A “transfer” is any transaction or
the reporting organization or the
Preparer’s space should remain blank. If
arrangement whereby one organization
noncharitable exempt organization.
someone prepares the return without
transfers something of value (cash, other
charge, that person should not sign the
assets, services, use of property, etc.) to
Line 1d. Use this schedule to describe
return.
another organization without receiving
the transfers and transactions for which
something of more than nominal value in
Generally, anyone who is paid to
“Yes” was entered on lines 1a – c above.
return. Contributions, gifts, and grants are
prepare the organization’s tax return must
You must describe each transfer or
examples of transfers.
sign the return and fill in the Paid
transaction for which the answer was
Preparer’s Use Only area.
If the only transfers between the two
“Yes.” You may combine all of the cash
organizations were contributions and
transfers (line 1a(1)) to each organization
If you have questions about whether a
grants made by the noncharitable exempt
into a single entry. Otherwise, make a
preparer is required to sign the return,
organization to the reporting organization,
separate entry for each transfer or
please contact an IRS office.
answer “No.”
transaction.
The paid preparer must complete the
Line 1b — Other transactions. Answer
Column (a). For each entry, enter the
required preparer information and:
“Yes” for any transaction described on
•
line number from line 1a – c. For example,
Sign it in the space provided for the
line 1b(1) – (6), regardless of its amount, if
if the answer was “Yes” to line 1b(3),
preparer’s signature (a facsimile signature
it is with a related or affiliated
enter “b(3)” in column (a).
is acceptable), and
organization.
•
Give the organization a copy of the
Column (d). If you need more space,
Unrelated organizations. Answer
return in addition to the copy to be filed
write “see attached” in column (d) and
“Yes” for any transaction between the
with the IRS.
use an attached sheet for the description.
reporting organization and an unrelated
If the box for question 13 of Part VII-A
If making more than one entry on line 1d,
noncharitable exempt organization,
is checked (section 4947(a)(1)
specify on the attached sheet which
regardless of its amount, if the reporting
nonexempt charitable trust filing Form
transfer or transaction you are describing.
organization received less than adequate
990-PF instead of Form 1041), the paid
consideration. There is adequate
Line 2 — Reporting of certain
preparer must also enter his or her social
consideration when the fair market value
relationships. Enter on line 2 each
security number or, if applicable, PTIN
of the goods and other assets or services
noncharitable exempt organization that
and employer identification number in the
furnished by the reporting organization is
the reporting organization is related to or
spaces provided. Otherwise, do not enter
not more than the fair market value of the
affiliated with, as defined above. If the
the preparer’s social security or employer
goods and other assets or services
control factor or the historic and
identification number.
received from the unrelated noncharitable
continuing relationship factor (or both) is
exempt organization. The exception
present at any time during the year,
described below does not apply to
identify the organization on line 2 even if
Privacy Act and Paperwork Reduction
transactions for less than adequate
neither factor is present at the end of
Act Notice. We ask for the information
consideration.
the year.
on this form to carry out the Internal
Answer “Yes” for any transaction
Revenue laws of the United States. You
Do not enter unrelated noncharitable
between the reporting organization and
are required to give us the information.
exempt organizations on line 2 even if
an unrelated noncharitable exempt
We need it to ensure that you are
transfers to or transactions with those
organization if the “amount involved” is
complying with these laws and to allow us
organizations were entered on line 1. For
more than $500. The “amount involved” is
to figure and collect the right amount of
example, if a one-time transfer to an
the fair market value of the goods,
tax. Section 6109 requires return
unrelated noncharitable exempt
services, or other assets furnished by the
preparers to provide their identifying
organization was entered on line 1a(2),
reporting organization.
numbers on the return.
do not enter the organization on line 2.
Exception. If a transaction with an
You are not required to provide the
unrelated noncharitable exempt
Column (b). Enter the exempt
information requested on a form that is
organization was for adequate
category of the organization; for example,
subject to the Paperwork Reduction Act
consideration and the amount involved
“501(c)(4).”
unless the form displays a valid OMB
was $500 or less, answer “No” for that
control number. Books or records relating
Column (c). In most cases, a simple
transaction.
to a form or its instructions must be
description, such as “common directors”
Line 1b(3). Answer “Yes” for transactions
retained as long as their contents may
or “auxiliary of reporting organization” will
in which the reporting organization was
become material in the administration of
be sufficient. If you need more space,
either the lessor or the lessee.
any Internal Revenue law. The rules
write “see attached” in column (c) and use
governing the confidentiality of Form
Line 1b(4). Answer “Yes” if either
an attached sheet to describe the
990-PF are covered in Code
organization reimbursed expenses
relationship. If you are entering more than
section 6104.
incurred by the other.
one organization on line 2, identify which
Line 1b(5). Answer “Yes” if either
organization you are describing on the
The time needed to complete and file
organization made loans to the other or if
attached sheet.
this form will vary depending on individual
-28-
Form 990-PF Instructions
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