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 29
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30Exclusion Codes
General Exceptions
17— Rent from personal property leased with
Debt-Financed Income
real property and incidental (10% or less)
30—
Income exempt from debt-financed
01—
Income from an activity that is not
in relation to the combined income from
(section 514) provisions because at least
regularly carried on (section 512(a)(1))
the real and personal property (section
85% of the use of the property is for the
512(b)(3))
Income from an activity in which labor is
02—
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
03—
Section 501(c)(3) organization— Income
conservatorship or receivership (sections
used in research activities described in
from an activity carried on primarily for
512(b)(5) and (16)(A))
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
04—
Section 501(c)(4) local association of
real estate (section 512(b)(5))
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
07—
Section 501(c)(3), (4), (5), or (6)
(b)(15))
income persons, to the extent the
organization—Qualified convention and
mortgage is insured by the Federal
trade show activity income (section
Foreign Organizations
Housing Administration (section 514(c)(6)).
513(d)(3))
(Note: In many cases, this would be
24—
Foreign organizations only—Income from
08—
Income from hospital services described
exempt function income reportable in
a trade or business NOT conducted in the
in section 513(e)
column (e). It would not be so in the case
United States and NOT derived from
of a section 501(c)(5) or (6) organization,
09—
Income from noncommercial bingo games
United States sources (patrons) (section
for example, that acquired the housing as
that do not violate state or local law
512(a)(2))
an investment or as a charitable activity.)
(section 513(f))
38—
Income from mortgaged real property
Social Clubs and VEBAs
10—
Income from games of chance conducted
owned by: a school described in section
by an organization in North Dakota
25—
Section 501(c)(7), (9), or (17)
170(b)(1)(A)(ii); a section 509(a)(3) affiliated
(section 311 of the Deficit Reduction Act
organization—Non-exempt function
support organization of such a school; a
of 1984, as amended)
income set aside for a charitable, etc.,
section 501(c)(25) organization; or by a
11—
Section 501(c)(12) organization—
purpose specified in section 170(c)(4)
partnership in which any of the above
Qualified pole rental income (section
(section 512(a)(3)(B)(i))
organizations owns an interest if the
513(g))
requirements of section 514(c)(9)(B)(vi) are
26—
Section 501(c)(7), (9), or (17)
12—
Income from the distribution of low-cost
met (section 514(c)(9))
organization—Proceeds from the sale of
articles in connection with the solicitation
exempt function property that was or will
Special Rules
of charitable contributions (section 513(h))
be timely reinvested in similar property
13—
Income from the exchange or rental of
(section 512(a)(3)(D))
39—
Section 501(c)(5) organization—Farm
membership or donor list with an
income used to finance the operation and
27—
Section 501(c)(9) or (17) organization—
organization eligible to receive charitable
maintenance of a retirement home,
Non-exempt function income set aside for
contributions by a section 501(c)(3)
hospital, or similar facility operated by the
the payment of life, sick, accident, or
organization; by a war veterans’
organization for its members on property
other benefits (section 512(a)(3)(B)(ii))
organization; or an auxiliary unit or society
adjacent to the farm land (section
of, or trust or foundation for, a war
1951(b)(8)(B) of Public Law 94-455)
Veterans’ Organizations
veterans’ post or organization (section
40—
Annual dues, not exceeding $124 (subject
513(h))
28—
Section 501(c)(19) organization—
to inflation), paid to a section 501(c)(5)
Payments for life, sick, accident, or health
agricultural or horticultural organization
Modifications and Exclusions
insurance for members or their
(section 512(d))
dependents that are set aside for the
14—
Dividends, interest, payments with
payment of such insurance benefits or for
Trade or Business
respect to securities loans, annuities,
a charitable, etc., purpose specified in
income from notional principal contracts,
41—
Gross income from an unrelated activity
section 170(c)(4) (section 512(a)(4))
other substantially similar income from
that is regularly carried on but, in light of
29—
Section 501(c)(19) organization— Income
ordinary and routine investments, and
continuous losses sustained over a
from an insurance set-aside (see code 28
loan commitment fees, excluded by
number of tax periods, cannot be
above) that is set aside for payment of
section 512(b)(1)
regarded as being conducted with the
insurance benefits or for a charitable,
15—
Royalty income excluded by section
motive to make a profit (not a trade or
etc., purpose specified in section
512(b)(2)
business)
170(c)(4) (Regs. 1.512(a)–4(b)(2))
16—
Real property rental income that does not
Other
depend on the income or profits derived
by the person leasing the property and is
42—
Receipt of qualified sponsorship
excluded by section 512 (b)(3)
payments described in section 513(i)
-29-
Form 990-PF Instructions
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