Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017 Page 19
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38when expenses exceed income), enter
however, report and identify those totals
Line 5. Grants receivable. Enter the
zero (not a negative amount).
separately on the attachment.
total grants receivable from governmental
agencies, foundations, and other
Line 27c. Adjusted net income.
Line 7. Other notes and loans receiva-
organizations as of the beginning and end
Subtract line 26, column (c), from line 12,
ble. On the dashed lines to the left of
of the year.
column (c), and enter the result.
column (a), enter the combined total
year-end figures for other notes receivable
Line 6. Receivables due from officers,
Part II. Balance Sheets
and loans receivable and the allowance
directors, trustees, and other disquali-
for doubtful accounts.
fied persons. Enter here (and on an
For column (b), show the book value at the
attached schedule described below) all
end of the year. For column (c), show the
Notes receivable. In columns (a), (b),
receivables due from officers, directors,
fair market value at the end of the year.
and (c), enter the amount of all notes
trustees, foundation managers, and other
Attached schedules must show the
receivable not listed on line 6 and not
disqualified persons and all secured and
end-of-year value for each asset listed in
acquired as investments. Attach a
unsecured loans (including advances) to
columns (b) and (c).
schedule similar to the one for line 6. The
such persons. Don’t adjust the amounts
schedule should also identify the
Foundations whose books of account
reported by any amount(s) estimated to be
relationship of the borrower to any officer,
included total assets of $5,000 or more at
uncollectible. Disqualified person is
director, trustee, foundation manager, or
any time during the year must complete all
defined in General Instruction C, earlier.
other disqualified person.
of columns (a), (b), and (c).
Attached schedules. 1. On the
For a note receivable from any section
Foundations with less than $5,000 of
required schedule, report each loan
501(c)(3) organization, list only the name
total assets per books at all times during
separately, even if more than one loan
of the borrower and the balance due on
the year must complete all of columns (a)
was made to the same person or the same
the required schedule.
and (b) and only line 16 of column (c).
terms apply to all loans made. Salary
Loans receivable. In columns (a), (b),
advances and other advances for the
Line 1. Cash—Non-interest-bearing.
and (c), enter the gross amount of loans
personal use and benefit of the recipient
Enter the amount of cash on deposit in
receivable, minus the allowance for
and receivables subject to special terms
checking accounts, deposits in transit,
doubtful accounts, from the normal
or arising from transactions not
change funds, petty cash funds, and any
activities of the filing organization (such as
functionally related to the foundation's
other non-interest-bearing account. Don’t
scholarship loans). An itemized list of
charitable purposes must be reported as
include advances to employees or officers
these loans isn't required, but attach a
separate loans for each officer, director,
or refundable deposits paid to suppliers or
schedule showing the total amount of
etc.
others.
each type of outstanding loan. Report
2. Receivables that are subject to the
loans to officers, directors, trustees,
Line 2. Savings and temporary cash in-
same terms and conditions (including
foundation managers, or other disqualified
vestments. Enter the total of cash in
credit limits and rate of interest) as
persons on line 6 and loans to other
savings or other interest-bearing accounts
receivables due from the general public
employees on line 15.
and temporary cash investments, such as
from an activity functionally related to the
money market funds, commercial paper,
Line 8. Inventories for sale or use.
foundation's charitable purposes may be
certificates of deposit, and U.S. Treasury
Enter the amount of materials, goods, and
reported as a single total for all the
bills or other governmental obligations that
supplies purchased or manufactured by
officers, directors, etc. Travel advances
mature in less than 1 year.
the organization and held for sale or use in
made for official business of the
some future period.
Line 3. Accounts receivable. On the
organization may also be reported as a
dashed lines to the left of column (a), enter
single total.
Line 9. Prepaid expenses and deferred
the year-end figures for total accounts
For each outstanding loan or other
charges. Enter the amount of short-term
receivable and allowance for doubtful
receivable that must be reported
and long-term prepayments of expenses
accounts from the sale of goods and/or
attributable to one or more future
separately, the attached schedule should
the performance of services. In columns
show the following information (preferably
accounting periods. Examples include
(a), (b), and (c), enter net amounts (total
using columns).
prepayments of rent, insurance, and
accounts receivable reduced by the
pension costs, and expenses incurred in
1. Borrower's name and title.
corresponding allowance for doubtful
connection with a solicitation campaign to
2. Original amount.
accounts). Claims against vendors or
be conducted in a future accounting
refundable deposits with suppliers or
3. Balance due.
period.
others may be reported here if not
4. Date of note.
Lines 10a, b, and c. Investments—
significant in amount. (Otherwise, report
5. Maturity date.
government obligations, corporate
them on line 15.) Any receivables due
stock and bonds. Enter the book value
from officers, directors, trustees,
6. Repayment terms.
(which may be market value) of these
foundation managers, or other disqualified
7. Interest rate.
investments.
persons must be reported on line 6.
8. Security provided by the borrower.
Report receivables (including loans and
Attach a schedule that lists each
advances) due from other employees on
9. Purpose of the loan.
security held at the end of the year and
line 15.
shows whether the security is listed at cost
10. Description and fair market value of
(including the value recorded at the time of
the consideration furnished by the lender
Line 4. Pledges receivable. On the
receipt in the case of donated securities)
(for example, cash—$1,000; or 100
dashed lines to the left of column (a), enter
or end-of-year market value. Don’t include
shares of XYZ, Inc., common stock—
the year-end figures for total pledges
amounts shown on line 2. Governmental
$9,000).
receivable and allowance for doubtful
obligations reported on line 10a are those
accounts (pledges estimated to be
The above detail isn't required for
that mature in 1 year or more. Debt
uncollectible). In columns (a), (b), and (c),
receivables or travel advances that may
securities of the U.S. Government may be
enter net amounts (total pledges
be reported as a single total (see the
reported as a single total rather than
receivable reduced by the corresponding
discussion of receivables in (2) above);
itemized. Obligations of state and
allowance for doubtful accounts).
Form 990-PF Instructions
-19-
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