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 - 2004 Page 27
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30Line 11. On lines 11a – e, list each “Other
Unrelated organizations. All
Part XVII—Information
revenue” activity not reported on lines 1
transfers to an unrelated noncharitable
Regarding Transfers To
through 10. Report the sum of the
exempt organization must be reported on
amounts entered for lines 11a – e,
line 1a. All transactions between the
and Transactions and
columns (b), (d), and (e), on line 11,
reporting organization and an unrelated
Part I.
noncharitable exempt organization must
Relationships With
be shown on line 1b unless they meet the
Line 13. On line 13, enter the total of
Noncharitable Exempt
exception in the specific instructions for
columns (b), (d), and (e) of line 12.
line 1b.
Organizations
You may use the following worksheet
Line 1a — Transfers. Answer “Yes” to
Part XVII is used to report direct and
to verify your calculations.
lines 1a(1) and 1a(2) if the reporting
indirect transfers to (line 1a) and direct
organization made any direct or indirect
Line 13, Part XVI-A . . . . . . . . . . .
and indirect transactions with (line 1b)
transfers of any value to a noncharitable
and relationships with (line 2) any other
Minus:
Line 5b, Part I . . . . . . . . .
exempt organization.
noncharitable exempt organization. A
Note: If line 5b, Part I,
A “transfer” is any transaction or
“noncharitable exempt organization” is an
reflects a loss, add that
arrangement whereby one organization
organization exempt under section 501(c)
amount here instead of
transfers something of value (cash, other
(that is not exempt under section
subtracting.
assets, services, use of property, etc.) to
501(c)(3)), or a political organization
Plus:
Line 1, Part I . . . . . . . . . .
another organization without receiving
described in section 527.
something of more than nominal value in
Plus:
Line 5a, Part I . . . . . . . . .
For purposes of these instructions, the
return. Contributions, gifts, and grants are
section 501(c)(3) organization completing
Plus:
Expenses of special events
examples of transfers.
Part XVII is referred to as the “reporting
deducted in computing line
If the only transfers between the two
organization.”
9 of Part XVI-A . . . . . . . .
organizations were contributions and
A noncharitable exempt organization is
grants made by the noncharitable exempt
Equal:
Line 12, column (a), of Part I
“related to or affiliated with” the reporting
organization to the reporting organization,
organization if either:
•
answer “No.”
The two organizations share some
Part XVI-B—Relationship
Line 1b — Other transactions. Answer
element of common control, or
•
“Yes” for any transaction described on
A historic and continuing relationship
of Activities to the
line 1b(1) – (6), regardless of its amount, if
exists between the two organizations.
it is with a related or affiliated
Accomplishment of
A noncharitable exempt organization is
organization.
unrelated to the reporting organization if:
Exempt Purposes
•
Unrelated organizations. Answer
The two organizations share no
To explain how each amount in column
“Yes” for any transaction between the
element of common control, and
•
(e) of Part XVI-A was related or exempt
reporting organization and an unrelated
A historic and continuing relationship
function income, show the line number of
noncharitable exempt organization,
does not exist between the two
the amount in column (e) and give a brief
regardless of its amount, if the reporting
organizations.
description of how each activity reported
organization received less than adequate
An “element of common control” is
in column (e) contributed importantly to
consideration. There is adequate
present when one or more of the officers,
the accomplishment of the organization’s
consideration when the fair market value
directors, or trustees of one organization
exempt purposes (other than by providing
of the goods and other assets or services
are elected or appointed by the officers,
funds for such purposes). Activities that
furnished by the reporting organization is
directors, trustees, or members of the
generate exempt-function income are
not more than the fair market value of the
other. An element of common control is
activities that form the basis of the
goods and other assets or services
also present when more than 25% of the
organization’s exemption from tax.
received from the unrelated noncharitable
officers, directors, or trustees of one
exempt organization. The exception
Also, explain any income entered in
organization serve as officers, directors,
described below does not apply to
column (e) that is specifically excluded
or trustees of the other organization.
transactions for less than adequate
from gross income other than by Code
A “historic and continuing relationship”
consideration.
section 512, 513, or 514. If no amount is
exists when two organizations participate
Answer “Yes” for any transaction
entered in column (e), do not complete
in a joint effort to achieve one or more
between the reporting organization and
Part XVI-B.
common purposes on a continuous or
an unrelated noncharitable exempt
recurring basis rather than on the basis of
Example. M, a performing arts
organization if the “amount involved” is
one or more isolated transactions or
association, is primarily supported by
more than $500. The “amount involved” is
activities. Such a relationship also exists
endowment funds. It raises revenue by
the fair market value of the goods,
when two organizations share facilities,
charging admissions to its performances.
services, or other assets furnished by the
equipment, or paid personnel during the
These performances are the primary
reporting organization.
year, regardless of the length of time the
means by which the organization
Exception. If a transaction with an
arrangement is in effect.
accomplishes its cultural and educational
unrelated noncharitable exempt
Line 1 — Reporting of certain transfers
purposes.
organization was for adequate
and transactions. Generally, report on
consideration and the amount involved
M reported admissions income in
line 1 any transfer to or transaction with a
was $500 or less, answer “No” for that
column (e) of Part XVI-A and explained in
noncharitable exempt organization even if
transaction.
Part XVI-B that these performances are
the transfer or transaction constitutes the
the primary means by which it
Line 1b(3). Answer “Yes” for transactions
only connection with the noncharitable
accomplishes its cultural and educational
in which the reporting organization was
exempt organization.
purposes.
either the lessor or the lessee.
Related organizations. If the
Line 1b(4). Answer “Yes” if either
Because M also reported interest from
noncharitable exempt organization is
organization reimbursed expenses
state bonds in column (e) of Part XVI-A,
related to or affiliated with the reporting
incurred by the other.
M explained in Part XVI-B that such
organization, report all direct and indirect
interest was excluded from gross income
transfers and transactions except for
Line 1b(5). Answer “Yes” if either
by Code section 103.
contributions and grants it received.
organization made loans to the other or if
-27-
Form 990-PF Instructions
ADVERTISEMENT
0 votes
Related Articles
Related forms
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 -
Financial
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
Financial
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 - 2009
Financial
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 - 2007
Financial
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 - 2008
Financial
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
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2001
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017
Financial
Related Categories
Parent category: Financial