Instructions For Form 990 And Form 990-Ez - 2003 Page 27
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46Line 70 — Capital stock, trust principal,
lender to any officer, director, trustee, or key
program service expenses in the audited
employee of the organization.
statement of activities.
or current funds
For corporations, enter the balance per books
Line 65 — Other liabilities
for capital stock accounts. Show par or stated
Part V —List of Officers, Directors,
List and show the amount of each liability not
value (or for stock with no par or stated value,
Trustees, and Key Employees
reportable on lines 60 through 65. Attach a
total amount received upon issuance) of all
separate schedule if more space is needed.
List each person who was an officer, director,
classes of stock issued and, as yet,
trustee, or key employee (defined below) of the
uncancelled. For trusts, enter the amount in the
Lines 67 through 69 — Net assets
organization or disregarded entity described in
trust principal or corpus account. For
The Financial Accounting Standards Board
Regulations sections 301.7701-1 through
organizations continuing to use the fund
issued Financial Statements of Not-for-Profit
301.7701-3 at any time during the year even if
method of accounting, enter the fund balances
Organizations (SFAS 117). SFAS 117 provides
they did not receive any compensation from
for the organization’s current restricted and
standards for external financial statements
the organization.
unrestricted funds.
certified by an independent accountant for
Enter a zero in columns (B), (C), (D), or (E)
certain types of nonprofit organizations. SFAS
Line 71 — Paid-in or capital surplus, or
if no hours were entered in column (B) and no
117 does not apply to credit unions, voluntary
land, bldg., and equipment fund
compensation, contributions, expenses and
employees’ beneficiary associations,
Enter the balance per books for all paid-in
other allowances were paid during the
supplemental unemployment benefit trusts,
capital in excess of par or stated value for all
reporting year, or deferred for payment to a
section 501(c)(12) cooperatives, and other
stock issued and uncancelled. If stockholders
future accounting period.
member benefit or mutual benefit
or others gave donations that the organization
organizations.
Aid in the processing of your return by
records as paid-in capital, include them here.
grouping together, preferably at the end of your
While some states may require reporting in
Report any current-year donations you
list, those who received no compensation. Be
accordance with SFAS 117, IRS does not (see
included on line 71 in Part I, line 1. Enter the
careful not to repeat names.
General Instruction E). However, a Form 990,
fund balance for the land, building, and
Give the preferred address at which
or Form 990-EZ, return prepared in
equipment fund on this line.
officers, etc., want the Internal Revenue
accordance with SFAS 117 will be acceptable
Line 72 — Retained earnings or
Service to contact them.
to IRS.
accumulated income, endowment, or
Use an attachment if there are more
Organizations that follow SFAS 117. If the
other funds
persons to list in Part V.
organization follows SFAS 117, check the box
For corporations, enter the balance in the
above line 67. Classify and report net assets in
Show all forms of cash and noncash
retained earnings, or similar account, minus
three groups — unrestricted, temporarily
compensation received by each listed officer,
the cost of any corporate treasury stock. For
restricted, and permanently restricted — based
etc., whether paid currently or deferred.
trusts, enter the balance per books in the
on the existence or absence of donor-imposed
If you pay any other person, such as a
accumulated income or similar account. For
restrictions and the nature of those restrictions.
management services company, for the
those organizations using fund accounting,
Show the sum of the three classes of net
services provided by any of your officers,
enter the total of the fund balances for the
assets on line 73. On line 74, add the amounts
directors, trustees, or key employees, report
permanent and term endowment funds as well
on lines 66 and 73 to show total liabilities and
the compensation and other items in Part V as
as balances of any other funds not reported on
net assets. This figure should be the same as
if you had paid the officers, etc., directly.
lines 70 and 71.
the figure for Total assets on line 59.
A failure to fully complete Part V can
Line 73 — Total net assets or fund
Line 67 — Unrestricted
subject both the organization and the
balances
individuals responsible for such failure to
Enter the balances per books of the
For organizations that follow SFAS 117, enter
penalties for filing an incomplete return. See
unrestricted class of net assets. Unrestricted
the total of lines 67 through 69. For all other
General Instruction K. In particular, entering
net assets are neither permanently restricted
organizations, enter the total of lines 70
the phrase on Part V, “Information available
nor temporarily restricted by donor-imposed
through 72. Enter the beginning-of-the-year
upon request,” or a similar phrase, is not
stipulations. All funds without donor-imposed
figure on line 73, column (A), in Part I, line 19.
acceptable.
restrictions must be classified as unrestricted,
The end-of-the-year figure on line 73, column
regardless of the existence of any board
The organization may also provide an
(B) must agree with the figure on line 21 of
attachment to explain the entire 2003
designations or appropriations.
Part I.
compensation package for any person listed in
Line 68 — Temporarily restricted
Part V.
Line 74 — Total liabilities and net
Enter the balance per books for the temporarily
assets/fund balances
Each person listed in Part V should report
restricted class of net assets. Donors’
the listed compensation on his or her income
Enter the total of lines 66 and 73. This amount
temporary restrictions may require that
tax return unless the Code specifically
must equal the amount for total assets reported
resources be used in a later period or after a
excludes any of the payments from income tax.
on line 59 for both the beginning and end of the
specified date (time restrictions), or that
See Pub. 525 for details.
year.
resources be used for a specified purpose
A “key employee” is any person having
(purpose restrictions), or both.
responsibilities or powers similar to those of
Parts IV-A and IV-B —
Line 69 — Permanently restricted
officers, directors, or trustees. The term
Reconciliation Statements
includes the chief management and
Enter the total of the balances for the
administrative officials of an organization (such
permanently restricted class of net assets.
Use these reconciliation statements to
as an executive director or chancellor) but
Permanently restricted net assets are (a)
reconcile the differences between the revenue
does not include the heads of separate
and expenses shown on the organization’s
assets, such as land or works of art, donated
departments or smaller units within an
with stipulations that they be used for a
audited financial statements prepared in
organization.
specified purpose, be preserved, and not be
accordance with SFAS 117 and the revenue
and expenses shown on the organization’s
sold or (b) assets donated with stipulations that
A chief financial officer and the officer in
they be invested to provide a permanent
Form 990.
charge of administration or program operations
source of income. The latter result from gifts
are both key employees if they have the
If the organization did not receive an
and bequests that create permanent
authority to control the organization’s activities,
audited financial statement for 2003 (or the
endowment funds.
its finances, or both. The “heads of separate
fiscal year for which it is completing this Form
departments” reference applies to persons
990) and prepared the return in accordance
Organizations that do not follow SFAS 117.
such as the head of the radiology department
with SFAS 117, it does not need to complete
If the organization does not follow SFAS 117,
or coronary care unit of a hospital or the head
Parts IV-A or IV-B and should instead enter
check the box above line 70 and report
of the chemistry, history, or English department
“N/A” on line a of each Part.
account balances on lines 70 through 72.
at a college. These persons are managers
Report net assets or fund balances on line 73.
These two Parts do not have to be
within their specific areas but not for the
Complete line 74 to report the sum of the total
completed on group returns.
organization as a whole and, therefore, are not
liabilities and net assets.
On line d(1) of Parts IV-A and IV-B, include
key employees.
Some states that accept Form 990, or Form
only those investment expenses netted against
Column (B)
990-EZ, as their basic reporting form may
investment income in the revenue portion of
require a separate statement of changes in net
the organization’s audited financial statements.
In column (B), a numerical estimate of the
assets/fund balances. See General
Do not include program-related investment
average hours per week devoted to the
Instruction E.
expenses or other expenses reported as
position is required for a complete answer.
-27-
Specific Instructions for Form 990
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