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 - 2003 Page 27
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30M reported admissions income in
Line 1 — Reporting of certain transfers
Exception. If a transaction with an
and transactions. Generally, report on
column (e) of Part XVI-A and explained in
unrelated noncharitable exempt
line 1 any transfer to or transaction with a
Part XVI-B that these performances are
organization was for adequate
noncharitable exempt organization even if
the primary means by which it
consideration and the amount involved
the transfer or transaction constitutes the
accomplishes its cultural and educational
was $500 or less, answer “No” for that
only connection with the noncharitable
purposes.
transaction.
exempt organization.
Because M also reported interest from
Line 1b(3). Answer “Yes” for transactions
state bonds in column (e) of Part XVI-A,
Related organizations. If the
in which the reporting organization was
M explained in Part XVI-B that such
noncharitable exempt organization is
either the lessor or the lessee.
interest was excluded from gross income
related to or affiliated with the reporting
Line 1b(4). Answer “Yes” if either
by Code section 103.
organization, report all direct and indirect
organization reimbursed expenses
transfers and transactions except for
incurred by the other.
Part XVII—Information
contributions and grants it received.
Line 1b(5). Answer “Yes” if either
Regarding Transfers To
Unrelated organizations. All
organization made loans to the other or if
transfers to an unrelated noncharitable
and Transactions and
the reporting organization guaranteed the
exempt organization must be reported on
other’s loans.
Relationships With
line 1a. All transactions between the
reporting organization and an unrelated
Line 1b(6). Answer “Yes” if either
Noncharitable Exempt
noncharitable exempt organization must
organization performed services or
be shown on line 1b unless they meet the
membership or fundraising solicitations
Organizations
exception in the specific instructions for
for the other.
Part XVII is used to report direct and
line 1b.
Line 1c. Complete line 1c regardless of
indirect transfers to (line 1a) and direct
Line 1a — Transfers. Answer “Yes” to
whether the noncharitable exempt
and indirect transactions with (line 1b)
lines 1a(1) and 1a(2) if the reporting
organization is related to or closely
and relationships with (line 2) any other
organization made any direct or indirect
affiliated with the reporting organization.
noncharitable exempt organization. A
transfers of any value to a noncharitable
For purposes of this line, “facilities”
“noncharitable exempt organization” is an
exempt organization.
includes office space and any other land,
organization exempt under section 501(c)
building, or structure whether owned or
(that is not exempt under section
A “transfer” is any transaction or
leased by, or provided free of charge to,
501(c)(3)), or a political organization
arrangement whereby one organization
the reporting organization or the
described in section 527.
transfers something of value (cash, other
noncharitable exempt organization.
For purposes of these instructions, the
assets, services, use of property, etc.) to
section 501(c)(3) organization completing
another organization without receiving
Line 1d. Use this schedule to describe
Part XVII is referred to as the “reporting
something of more than nominal value in
the transfers and transactions for which
organization.”
return. Contributions, gifts, and grants are
“Yes” was entered on lines 1a – c above.
examples of transfers.
You must describe each transfer or
A noncharitable exempt organization is
transaction for which the answer was
“related to or affiliated with” the reporting
If the only transfers between the two
“Yes.” You may combine all of the cash
organization if either:
organizations were contributions and
transfers (line 1a(1)) to each organization
1. The two organizations share some
grants made by the noncharitable exempt
into a single entry. Otherwise, make a
element of common control or
organization to the reporting organization,
separate entry for each transfer or
2. A historic and continuing
answer “No.”
transaction.
relationship exists between the two
Line 1b — Other transactions. Answer
organizations.
Column (a). For each entry, enter the
“Yes” for any transaction described on
line number from line 1a – c. For example,
A noncharitable exempt organization is
line 1b(1) – (6), regardless of its amount, if
if the answer was “Yes” to line 1b(3),
unrelated to the reporting organization if:
it is with a related or affiliated
enter “b(3)” in column (a).
organization.
1. The two organizations share no
Column (d). If you need more space,
element of common control and
Unrelated organizations. Answer
write “see attached” in column (d) and
2. A historic and continuing
“Yes” for any transaction between the
use an attached sheet for the description.
relationship does not exist between the
reporting organization and an unrelated
If making more than one entry on line 1d,
two organizations.
noncharitable exempt organization,
specify on the attached sheet which
regardless of its amount, if the reporting
An “element of common control” is
transfer or transaction you are describing.
organization received less than adequate
present when one or more of the officers,
consideration. There is adequate
Line 2 — Reporting of certain
directors, or trustees of one organization
relationships. Enter on line 2 each
consideration when the fair market value
are elected or appointed by the officers,
of the goods and other assets or services
noncharitable exempt organization that
directors, trustees, or members of the
the reporting organization is related to or
furnished by the reporting organization is
other. An element of common control is
not more than the fair market value of the
affiliated with, as defined above. If the
also present when more than 25% of the
goods and other assets or services
control factor or the historic and
officers, directors, or trustees of one
continuing relationship factor (or both) is
received from the unrelated noncharitable
organization serve as officers, directors,
exempt organization. The exception
present at any time during the year,
or trustees of the other organization.
described below does not apply to
identify the organization on line 2 even if
A “historic and continuing relationship”
neither factor is present at the end of the
transactions for less than adequate
exists when two organizations participate
consideration.
year.
in a joint effort to achieve one or more
common purposes on a continuous or
Answer “Yes” for any transaction
Do not enter unrelated noncharitable
recurring basis rather than on the basis of
between the reporting organization and
exempt organizations on line 2 even if
one or more isolated transactions or
an unrelated noncharitable exempt
transfers to or transactions with those
activities. Such a relationship also exists
organization if the “amount involved” is
organizations were entered on line 1. For
when two organizations share facilities,
more than $500. The “amount involved” is
example, if a one-time transfer to an
equipment, or paid personnel during the
the fair market value of the goods,
unrelated noncharitable exempt
year, regardless of the length of time the
services, or other assets furnished by the
organization was entered on line 1a(2),
arrangement is in effect.
reporting organization.
do not enter the organization on line 2.
-27-
Form 990-PF Instructions
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