Instructions For Schedule D 990 (Page 3 of 6) in pdf

Include the hours devoted to this

in its books, records, and financial

Line 2. If an organization has received

purpose by any of the organization's

statements.

or held collections for financial gain,

paid or unpaid staff and by any of the

provide on line 2a the revenue reported

organization's agents or independent

Part III. Organizations

as to these collection items from the

contractors.

total revenue included on Form 990,

Maintaining Collections of

Part VIII, line 1. Also, provide on line 2b

Line 7. Enter the total amount of

Art, Historical Treasures,

the asset value assigned to these

expenses incurred by the organization

or Other Similar Assets

collection items, which value should

during the tax year to monitor, inspect,

also be reported as part of the

handle violations, and enforce the

Complete Part III if the organization

organization's total assets reported on

conservation easements it held during

answered “Yes” on Form 990, Part IV,

Form 990, Part X, line 16, column (B).

the year as those terms are defined in

line 8.

the instructions for line 5.

Line 3. Based upon the organization's

Organizations that receive

acquisition, accession, and other

Line 8. Answer “Yes” if each of the

contributions of works of art, historical

records, check all boxes that best

organization's façade easements

treasures, and similar assets that don't

describe how the organization utilizes its

acquired after August 17, 2006, satisfies

maintain collections as described in the

collections, including the collection's

the requirements of sections

Statement of Financial Accounting

most significant use.

170(h)(4)(B)(i) and 170(h)(4)(B)(ii).

Standards, SFAS 116 (ASC

958-360-20), aren't required to

Section 170(h)(4)(B)(i) requires each

Line 4. In Part XIII, provide a

complete Part III, but may be required to

façade easement donated after August

description of the organization's

complete Schedule M.

17, 2006, to include a restriction that

collections and explain how these

preserves the entire exterior of the

collections further the organization's

For lines 1 and 2, refer to SFAS 116

building, including the front, sides, rear,

exempt purposes.

(ASC 958) for meanings of the various

and height of the building, and to

terms.

Line 5. Answer “Yes” to line 5 if during

prohibit any change in the exterior of the

the year the organization solicited or

Lines 1 and 2. Pursuant to SFAS 116

building that is inconsistent with the

received donations of art, historical

(ASC 958), certain organizations can

historical character of such exterior.

treasures, or other similar assets to be

choose one of two methods to report

Section 170(h)(4)(B)(ii) requires the

sold in order to raise funds rather than

collections of works of art, historical

donor and donee to enter into a written

to be maintained as part of the

treasures, or other similar assets held

agreement certifying, among other

organization's collection.

for public exhibition, education, or

things, that the donee organization has

research in furtherance of public

Part IV. Escrow and

the resources to manage and enforce

service. An organization that doesn't

the restriction and a commitment to do

Custodial Arrangements

recognize and capitalize its collections

so.

for financial statement purposes will

Complete Part IV if the organization

Line 9. Enter in Part XIII a description

report its collections on the face of its

answered “Yes” on Form 990, Part IV,

of how the organization reports

statement of activities, separately from

line 9 or reported an amount on Form

conservation easements in its

revenues, expenses, gains, losses, and

990, Part X, line 21.

revenue and expense statement and on

assets. An organization that recognizes

Lines 1a through 1f. If the

its balance sheet. Include in Part XIII, if

and capitalizes its collections for

organization acts as an agent, trustee,

applicable, the text of the footnote to the

financial statement purposes will report

custodian or other intermediary for

organization's financial statements

its collections as assets and revenues

funds payable to other organizations or

that describes the organization's

based upon its fair value measurement.

individuals and hasn't reported those

accounting for conservation easements

Line 1 pertains to collection items held

amounts on Form 990, Part X, as an

and the basis for its reporting position

by the organization in furtherance of

asset or liability, check “Yes” and

(for example, Financial Accounting

public service, and line 2 pertains to

provide an explanation of the

Standards Board (FASB) Emerging

collection items held by the organization

arrangement in Part XIII.

Issues Task Force (EITF) 02-7,

for financial gain, as those terms are

Example 1 (now codified in Accounting

Organizations that maintain escrow

described in SFAS 116 (ASC 958).

Standards Codification (ASC)

or custodial accounts not reported on

Line 1a. If an organization has

350-30-55-29 to 55-32)).

Form 990, Part X, must record

elected not to capitalize its collections,

increases or decreases in such

The organization must report

then provide in Part XIII the footnote(s)

accounts by completing lines 1c through

any qualified conservation

to the organization's financial

1f.

contributions and

statements that describe these

CAUTION

Example 1. A credit counseling

contributions of conservation

collection items.

organization that collects amounts from

easements in Form 990, Part VIII,

Line 1b. If an organization has

debtors to remit to creditors holds funds

Statement of Revenue; Schedule A

elected to capitalize its collections,

in an escrow or custodial account. If

(Form 990 or 990-EZ), Public Charity

provide on line 1b(i) the revenue relating

the organization acts as a go-between

Status and Public Support; Schedule B

to its collection items that is reported on

and doesn't report these funds as its

(Form 990, 990-EZ, or 990-PF),

Form 990, Part VIII, line 1. Also, provide

assets or liabilities on Form 990, Part X,

Schedule of Contributors; and

on line 1b(ii) the value of the

it must report the fund balances on lines

Schedule M (Form 990), Noncash

organization's collection items reported

1c through 1f.

Contributions, consistently with how it

as total assets on Form 990, Part X,

reports revenue from such contributions

Example 2. An organization

line 16, column (B).

providing down-payment assistance

that collects amounts from donors to be

2016 Instructions for Schedule D (Form 990)

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Instructions For Schedule D 990 Page 3

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