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 30
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31Exclusion Codes
General Exceptions
17— Rent from personal property leased with
Debt-Financed Income
real property and incidental (10% or less)
01—
Income from an activity that is not
30—
Income exempt from debt-financed
in relation to the combined income from
regularly carried on (section 512(a)(1))
(section 514) provisions because at least
the real and personal property (section
85% of the use of the property is for the
512(b)(3))
02—
Income from an activity in which labor is
organization’s exempt purposes. (Note:
a material income-producing factor and
18— Gain or loss from the sale of investments
This code is only for income from the
substantially all (at least 85%) of the work
and other non-inventory property and
15% or less non-exempt purpose use.)
is performed with unpaid labor (section
from certain property acquired from
(section 514(b)(1)(A))
513(a)(1))
financial institutions that are in
31—
Gross income from mortgaged property
conservatorship or receivership (sections
03—
Section 501(c)(3) organization— Income
used in research activities described in
512(b)(5) and (16)(A))
from an activity carried on primarily for
section 512(b)(7), (8), or (9) (section
the convenience of the organization’s
19— Gain or loss from the lapse or termination
514(b)(1)(C))
members, students, patients, visitors,
of options to buy or sell securities or real
officers, or employees (hospital parking
32—
Gross income from mortgaged property
property, and on options and from the
lot or museum cafeteria, for example)
used in any activity described in section
forfeiture of good-faith deposits for the
(section 513(a)(2))
513(a)(1), (2), or (3) (section 514(b)(1)(D))
purchase, sale, or lease of investment real
estate (section 512(b)(5))
04—
Section 501(c)(4) local association of
33—
Income from mortgaged property
employees organized before May 27,
(neighborhood land) acquired for exempt
20— Income from research for the United
1969— Income from the sale of
purpose use within 10 years (section
States; its agencies or instrumentalities;
work-related clothes or equipment and
514(b)(3))
or any state or political subdivision
items normally sold through vending
(section 512(b)(7))
34—
Income from mortgaged property
machines; food dispensing facilities; or
acquired by bequest or devise (applies to
21— Income from research conducted by a
snack bars for the convenience of
income received within 10 years from the
college, university, or hospital (section
association members at their usual places
date of acquisition) (section 514(c)(2)(B))
512(b)(8))
of employment (section 513(a)(2))
35—
Income from mortgaged property
22— Income from research conducted by an
05—
Income from the sale of merchandise,
acquired by gift where the mortgage was
organization whose primary activity is
substantially all of which (at least 85%)
placed on the property more than 5 years
conducting fundamental research, the
was donated to the organization (section
previously and the property was held by
results of which are freely available to the
513(a)(3))
the donor for more than 5 years (applies
general public (section 512(b)(9))
to income received within 10 years from
Specific Exceptions
23— Income from services provided under
the date of gift (section 514(c)(2)(B))
license issued by a federal regulatory
06—
Section 501(c)(3), (4), or (5) organization
36—
Income from property received in return
agency and conducted by a religious
conducting an agricultural or educational
for the obligation to pay an annuity
order or school operated by a religious
fair or exposition— Qualified public
described in section 514(c)(5)
order, but only if the trade or business
entertainment activity income (section
has been carried on by the organization
37—
Income from mortgaged property that
513(d)(2))
since before May 27, 1959 (section 512
provides housing to low and moderate
(b)(15))
07—
Section 501(c)(3), (4), (5), or (6)
income persons, to the extent the
organization—Qualified convention and
mortgage is insured by the Federal
Foreign Organizations
trade show activity income (section
Housing Administration (section 514(c)(6)).
513(d)(3))
(Note: In many cases, this would be
24—
Foreign organizations only—Income from
exempt function income reportable in
08—
Income from hospital services described
a trade or business NOT conducted in the
column (e). It would not be so in the case
in section 513(e)
United States and NOT derived from
of a section 501(c)(5) or (6) organization,
United States sources (patrons) (section
09—
Income from noncommercial bingo games
for example, that acquired the housing as
512(a)(2))
that do not violate state or local law
an investment or as a charitable activity.)
(section 513(f))
Social Clubs and VEBAs
38—
Income from mortgaged real property
10—
Income from games of chance conducted
owned by: a school described in section
25—
Section 501(c)(7), (9), or (17)
by an organization in North Dakota
170(b)(1)(A)(ii); a section 509(a)(3) affiliated
organization—Non-exempt function
(section 311 of the Deficit Reduction Act
support organization of such a school; a
income set aside for a charitable, etc.,
of 1984, as amended)
section 501(c)(25) organization; or by a
purpose specified in section 170(c)(4)
11—
Section 501(c)(12) organization— Qualified
partnership in which any of the above
(section 512(a)(3)(B)(i))
pole rental income (section 513(g)) and/or
organizations owns an interest if the
26—
Section 501(c)(7), (9), or (17)
member income (described in section
requirements of section 514(c)(9)(B)(vi) are
organization—Proceeds from the sale of
501(c)(12)(H))
met (section 514(c)(9))
exempt function property that was or will
12—
Income from the distribution of low-cost
Special Rules
be timely reinvested in similar property
articles in connection with the solicitation
(section 512(a)(3)(D))
of charitable contributions (section 513(h))
39—
Section 501(c)(5) organization—Farm
27—
Section 501(c)(9) or (17) organization—
income used to finance the operation and
13—
Income from the exchange or rental of
Nonfunction income set aside for the
maintenance of a retirement home,
membership or donor list with an
payment of life, sick, accident, or
hospital, or similar facility operated by the
organization eligible to receive charitable
other benefits (section 512(a)(3)(B)(ii))
organization for its members on property
contributions by a section 501(c)(3)
adjacent to the farm land (section
organization; by a war veterans’
Veterans’ Organizations
1951(b)(8)(B) of Public Law 94-455)
organization; or an auxiliary unit or society
of, or trust or foundation for, a war
28—
Section 501(c)(19) organization—
40—
Annual dues, not exceeding $127 (subject
Payments for life, sick, accident, or health
veterans’ post or organization (section
to inflation), paid to a section 501(c)(5)
513(h))
insurance for members or their
agricultural or horticultural organization
dependents that are set aside for the
(section 512(d))
Modifications and Exclusions
payment of such insurance benefits or for
Trade or Business
a charitable, etc., purpose specified in
14—
Dividends, interest, payments with
section 170(c)(4) (section 512(a)(4))
respect to securities loans, annuities,
41—
Gross income from an unrelated activity
29—
Section 501(c)(19) organization— Income
income from notional principal contracts,
that is regularly carried on but, in light of
from an insurance set-aside (see code 28
other substantially similar income from
continuous losses sustained over a
above) that is set aside for payment of
ordinary and routine investments, and
number of tax periods, cannot be
insurance benefits or for a charitable, etc.,
loan commitment fees, excluded by
regarded as being conducted with the
purpose specified in section 170(c)(4)
section 512(b)(1)
motive to make a profit (not a trade or
(Regs. 1.512(a)–4(b)(2))
business)
15—
Royalty income excluded by section
512(b)(2)
Other
16—
Real property rental income that does not
42—
Receipt of qualified sponsorship
depend on the income or profits derived
payments described in section 513(i)
by the person leasing the property and is
excluded by section 512 (b)(3)
43—
Exclusion of any gain or loss from the
qualified sale, exchange, or other
disposition of any qualifying brownfield
property (section 512(b)(18)[(19)])
-30-
Form 990-PF Instructions
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