Instructions For Form 990 And Form 990-Ez - 2004 Page 18
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46M or attach Schedule B (Form 990, 990-EZ, or
If a contributor gives more than $40, that
Part I —Revenue, Expenses, and
990-PF). Your return will be incomplete if you
person would be making a larger contribution,
do not either check the box in item M or file
the difference between the book’s retail value
Changes in Net Assets or Fund
Schedule B (Form 990, 990-EZ, or 990-PF).
of $16 and the amount actually given. Rev.
Balances
See the instructions for Schedule B (Form 990,
Rul. 67-246, 1967-2 C.B. 104, explains this
All organizations filing Form 990 with the IRS
990-EZ, or 990-PF), Schedule of Contributors,
principle in detail. See also the line 9
or any state must complete Part I. Some states
for more information.
instructions and Pub. 526.
that accept Form 990 in place of their own
Report the expenses that relate directly to
forms require additional information.
“Contributor” includes individuals,
the sale of the book on line 9b. Report the
TIP
fiduciaries, partnerships, corporations,
Line 1 — In General
expenses of raising contributions (shown within
associations, trusts, and exempt
the parentheses on line 9a and again on line
organizations.
1a) in Fundraising, column (D), Part II, and on
Contributions, gifts, grants, and
line 15 of Part I.
similar amounts received
•
Guidelines for meeting the schedule of
On lines 1a through 1c, report amounts
At the time of any solicitation or
contributor requirements of Schedule B
received as voluntary contributions; that is,
!
payment, organizations that are eligible
(Form 990, 990-EZ, or 990-PF)
payments, or the part of any payment, for
to receive tax-deductible contributions
CAUTION
which the payer (donor) does not receive full
should advise patrons of the amount deductible
Section 501(c)(3) org., meeting the 1/3
retail value (fair market value) from the
for federal tax purposes. See General
recipient (donee) organization.
support test of 170(b)(1)(A)
Instruction L.
•
Report gross amounts of contributions
If . . .
collected in the charity’s name by fundraisers.
Contributions can arise from special
A section 501(c)(3) organization
•
Report all expenses of raising contributions
that met the 1/3 support test of the
events when items of only nominal
in Fundraising, column (D), Part II, and on line
regulations under 509(a)(1)/
value are given or offered
15 of Part I. You must show on line 30
170(b)(1)(A) did not receive a
If an organization offers goods or services of
professional fundraising fees relating to the
contribution of the greater of $5,000
only nominal value through a special event or
gross amounts of contributions collected in the
or 2% of the amount on line 1d of
distributes free, unordered, low-cost items to
charity’s name by fundraisers.
Form 990, from any one
•
patrons, report the entire amount received for
Report the value of noncash contributions at
contributor,*
such benefits as a contribution on line 1a
the time of the donation. For example, report
(direct public support). Report all related
the gross value of a donated car at the time the
Then . .
expenses in Fundraising, column (D), Part II.
car was received as a donation.
The organization should check the
•
See General Instruction L for a definition of
For grants, see Grants that are equivalent to
box in item M to certify that it is not
benefits that have a nominal or insubstantial
contributions, on the following page.
required to attach Schedule B
value.
(Form 990, 990-EZ, or 990-PF).
Reporting for line 1, in accordance with
Section 501(c)(3) organizations
SFAS 116, is acceptable for Form 990
Otherwise
purposes, but not required by IRS. However,
Correctly dividing gross receipts from special
Complete and attach Schedule B
see General Instruction E.
events into revenue and contributions is
(Form 990, 990-EZ, or 990-PF).
especially important for a section 501(c)(3)
An organization that receives a grant to be
organization that claims public support as
Section 501(c)(7), (8), or (10) organization
paid in future years should, according to SFAS
described in section 509(a)(1)/170(b)(1)(A)(vi)
If . . .
116, report the grant’s present value on line 1.
or section 509(a)(2). In the public support
A section 501(c)(7), (8), or (10)
Accruals of present value increments to the
computations of these Code sections, the
organization did not receive any
unpaid grant should also be reported on line 1
revenue portion of gross receipts may be (a)
contribution or bequest for use
in future years.
excluded entirely, (b) treated as public support,
exclusively for religious, charitable,
or (c) if the revenue represents unrelated trade
Contributions can arise from special
scientific, literary, or educational
or business income, treated as nonpublic
events when an excess payment is
purposes, or the prevention of
support.
received for items offered
cruelty to children or animals (and
did not receive any noncharitable
Fundraising activities relate to soliciting and
Section 501(c)(3) organizations must
contributions of $5,000 or more as
separate gross receipts from special events
receiving contributions. However, special
fundraising activities such as dinners,
into revenue and contributions when preparing
described below under general
door-to-door sales of merchandise, carnivals,
the Support Schedule in Part IV-A of Schedule
rule),
A (Form 990 or 990-EZ).
and bingo games can produce both
Then . .
contributions and revenue.
The organization should check the
Section 501(c)(9), (17), and (18)
If a buyer at such a “special event,” pays
box in item M to certify that it is not
organizations
more for goods or services than their retail
required to attach Schedule B
These organizations provide participants with
value, report, as a contribution, both on line 1a
(Form 990, 990-EZ, or 990-PF).
life, sickness, accident, welfare, and
and on line 9a (within the parentheses), any
unemployment insurance, pensions, or similar
Otherwise
amount paid in excess of the retail value. This
benefits, or a combination of these benefits.
Complete and attach Schedule B
situation usually occurs when organizations
When such an organization receives payments
(Form 990, 990-EZ, or 990-PF).
seek public support through solicitation
from participants or their employers to provide
programs that are in part special events or
these benefits, report the payments on line 2
All other Form 990 or Form 990-EZ
activities and are in part solicitations for
as program service revenue, rather than on
organizations (general rule)
contributions. The primary purpose of such
line 1 as contributions.
solicitations is to receive contributions and not
The organization did not show as
to sell the merchandise at its retail value even
Donations of services are not
If . . .
part of line 1d of the Form 990, a
though this might produce a profit.
contributions
contribution of $5,000 or more from
Example. An organization announces that
In Part I, do not include as contributions on line
any one contributor,*
anyone who contributes at least $40 to the
1 the value of services donated to the
organization can choose to receive a book
Then . .
organization, or items such as the free use of
worth $16 retail value. A person who gives
The organization should check the
materials, equipment, or facilities. See the
$40, and who chooses the book, is really
box in item M to certify that it is not
instructions for Part III and for Part VI, line 82,
purchasing the book for $16 and also making a
for the optional reporting of such amounts in
required to attach Schedule B
contribution of $24. The contribution of $24,
Parts III and VI.
(Form 990, 990-EZ, or 990-PF).
which is the difference between the buyer’s
Otherwise
payment and the $16 retail value of the book,
Any unreimbursed expenses of officers,
would be reported on line 1a and again on line
employees, or volunteers do not belong on the
Complete and attach Schedule B
9a (within the parentheses). The revenue
Form 990 or Form 990-EZ. See the instructions
(Form 990, 990-EZ, or 990-PF).
received ($16 retail value of the book) would
for charitable contributions and employee
* Total a contributor’s gifts of $1,000 or more to
be reported in the right-hand column on line
business expenses in Pub. 526 and Pub. 463,
determine if a contributor gave $5,000 or more. Do
9a.
respectively.
not include smaller gifts.
-18-
Specific Instructions for Form 990
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