California Form 541-A - Trust Accumulation Of Charitable Amounts

Part IV Balance Sheets

Line 30 – Prepaid expenses and deferred

Line 37 – Other assets

charges

Enter the book value of any trust assets that

Complete the balance sheets using the

Enter the amount of short-term and long-term

have not been reported on lines 25 through 36 .

accounting method the trust uses in keeping

prepayments of future expenses attributable

If more space is needed, attach a separate

its books and records .

to one or more future accounting periods .

schedule with a description of the asset, date

All filers must complete columns (a) and (b) .

Examples include prepayments of rent,

acquired, and end-of-year book value .

insurance, and pension costs .

Line 25 – Cash – non-interest bearing

Liabilities

Enter the amount of cash on deposit in

Lines 31, 32, and 33 – Investments – U.S.

checking accounts, deposits in transit,

Line 39 – Accounts payable and accrued

and state government obligations, corporate

change funds, petty cash funds, or any

expenses

stocks, and corporate bonds

other non-interest bearing accounts . Do not

Enter the total accounts payable to suppliers

Enter the book value (which may be market

include advances to employees or officers or

and others, and accrued expenses such as

value) of these investments . Attach a schedule

refundable deposits paid to suppliers or others .

salaries payable, accrued payroll taxes, and

that lists each security held at the end of

interest payable .

the year and shows whether the security is

Line 26 – Savings and temporary cash

listed at cost (including the value recorded

investments

Line 40 – Mortgages and other notes payable

at the time of receipt in the case of donated

Enter the total of cash in savings or other

Attach a schedule showing, as of the end of the

securities) or end-of-year market value . Do

interest-bearing accounts and temporary cash

year, the total amount of all mortgages payable,

not include amounts on line 26 . Government

investments, such as money market funds,

and for each nonmortgage note payable,

obligations reported on line 31 are those that

commercial paper, certificates of deposit, and

the lender’s name and the other information

mature in 1 year or more . Debt securities of

U .S . Treasury bills or other governmental

specified in the line 28 instructions .

the U .S . government may be reported as a

obligations that mature in less than 1 year .

single total rather than itemized . Obligations

Line 41 – Other liabilities

of state and municipal governments may

Line 27 – Accounts receivable

Enter the book value of any trust liabilities

also be reported as a lump-sum total . Do not

Enter the total accounts receivable (reduced

that have not been reported on lines 39 or 40 .

combine U .S . government obligations with

by the corresponding allowance for doubtful

If more space is needed, attach a separate

state and municipal obligations on the attached

accounts) that arose from the sale of goods

schedule with a description of the liability and

schedule .

and/or the performance of services . Claims

amount .

against vendors or refundable deposits with

Line 34 – Investments – land, buildings, and

suppliers or others may be reported here if not

equipment

significant in amount . If significant in amount,

Attach a schedule of all land, buildings,

report them (with any advances to employees

and equipment that are held for investment

or officers) on line 37, Other assets .

purposes, such as rental properties . List

the cost or other basis of these assets,

Line 28 – Notes and loans receivable

accumulated depreciation, and end-of-year

Enter the combined total of notes receivable

book value .

and net loans receivable (including receivables

due from officers, directors, trustees, and

Line 35 – Investments – other

other disqualified persons) . In an attached

Enter the amount of all other investment

schedule, show all of the following information

holdings not reported on lines 31 through 34 .

(preferably in columnar format):

Attach a schedule describing each of these

• Borrower’s name and title

investments held at the end of the year . List the

• Original amount

cost, or other basis, and the end-of-year book

• Balance due

value .

• Date of note

Line 36 – Land, buildings, and equipment

• Maturity date

Attach a schedule of all land, buildings, and

• Repayment terms

equipment that are not held for investment

• Interest rate

purposes, such as the trust’s offices . List

• Security provided by the borrower

the cost or other basis of these assets,

• Purpose of the loan

accumulated depreciation, and end-of-year

• Description and fair market value of the

book value .

consideration furnished by the lender

Line 29 – Inventories for sale or use

Enter the amount of materials, goods, and

supplies purchased or manufactured by the

trust and held for sale or use in some future

period .

Page 2 Form 541-A Instructions 2015

California Form 541-A - Trust Accumulation Of Charitable Amounts - 2015 Page 4

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