Get the free Form 990-PF

This document is an IRS form used by private foundations to report their financial information, contributions, and grants, as well as to provide a detailed account of their activities and compliance

How to fill out form 990-pf

How to fill out Form 990-PF

1. Gather the necessary financial information for your private foundation, including income, expenses, and assets.
2. Download Form 990-PF from the IRS website.
3. Fill out the top portion with your foundation's basic information, such as the name, address, and EIN.
4. Provide your foundation's balance sheet, detailing assets, liabilities, and net worth.
5. Complete the income statement, reporting revenue, and expenditures.
6. Report any grants made during the year, including beneficiaries and amounts.
7. Fill out Schedule A, addressing the foundation's charitable activities and compliance with distribution requirements.
8. Review all sections carefully for accuracy and completeness before signing the form.
9. Submit Form 990-PF to the IRS by the due date, which is usually the 15th day of the 5th month after the end of your foundation's fiscal year.

Who needs Form 990-PF?

1. Private foundations that are tax-exempt and have annual gross receipts of $100,000 or more must file Form 990-PF.
2. Foundations that have made any taxable expenditures during the year.
3. Foundations that are required to report on their charitable distributions and activities to maintain compliance with IRS regulations.

People Also Ask about

Is the IRS 990 publicly available?

The IRS must make Forms 990-T filed by charities publicly available; use Form 4506-A PDF to request copies. Copies of Forms 990-T on DVD may be purchased from the IRS. See Copies of scanned exempt organization returns available.

How much does it cost to file a 990-PF?

Tax Professionals Pricing Forms1-10 Returns11+ Returns Form 990-EZ (Price Per Form) $89.90 $69.90 Form 990-PF (Price Per Form) $149.90 $119.90 Form 990 (Price Per Form) $179.90 $139.90 Form 990-T (Price Per Form) $139.90 $109.905 more rows

Where can I get a 990 form?

The 990 is a public document that you can search for on the websites for the Secretary of State or the Attorney General where the organization is incorporated. In addition, 990s are available from a variety of open source and subscription sources. You may also request them from an organization or from the IRS.

Can Form 990-PF be filed electronically?

Forms 990 & 990-PF Forms 990, Return of Organization Exempt from Income Tax, and 990-PF, Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation, for tax years ending July 31, 2020 and later MUST be filed electronically.

Where can I download Form 990?

The 990 is a public document that you can search for on the websites for the Secretary of State or the Attorney General where the organization is incorporated. In addition, 990s are available from a variety of open source and subscription sources. You may also request them from an organization or from the IRS.

Is Form 990 free?

Pricing. FREE to file Form 990/990-EZ for organizations with less than $100,000 in gross receipts. For organizations with gross receipts greater than $100,000, we have a sliding scale fee structure starting at $41. FREE to file Form 8868 (request for extension).

What is the 990-PF form?

Form 990-PF is an annual information return that must be filed by the following. • Exempt private foundations (section 6033(a), (b), and (c)). • Taxable private foundations (section 6033(d)). • Organizations that agree to private foundation status and.

Can an IRS Form 990 be filed electronically?

Forms 990 & 990-PF Forms 990, Return of Organization Exempt from Income Tax, and 990-PF, Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation, for tax years ending July 31, 2020 and later MUST be filed electronically.

For pdfFiller’s FAQs

What is Form 990-PF?

Form 990-PF is a federal tax form that private foundations must file with the IRS. It provides information on the foundation's financial activities, including income, expenses, and assets.

Who is required to file Form 990-PF?

Private foundations, which are nonprofit organizations typically funded by a single individual, family, or corporation, are required to file Form 990-PF annually with the IRS.

How to fill out Form 990-PF?

To fill out Form 990-PF, foundations need to include financial information about their income, expenses, distributions to charitable causes, and balance sheets. They should also provide details on their charitable activities and complete relevant schedules as required.

What is the purpose of Form 990-PF?

The purpose of Form 990-PF is to provide transparency about the operations and finances of private foundations to the IRS and the public, ensuring compliance with tax laws and regulations governing charitable organizations.

What information must be reported on Form 990-PF?

Form 990-PF requires reporting information such as the foundation's revenue, expenses, contributions, grants made, assets, liabilities, and details about the governance of the foundation, including its board and operations.