Get the free Form 990-PF (2009)

This document is a tax return for private foundations and nonexempt charitable trusts, providing detailed information about the foundation's financial activities, contributions, and expenditures for

How to fill out form 990-pf 2009

How to fill out Form 990-PF (2009)

1. Obtain the Form 990-PF (2009) from the IRS website or through your accountant.
2. Fill in the organization's name, address, and Employer Identification Number (EIN) at the top of the form.
3. Provide a complete list of the foundation's governing body members and their compensation in Part I.
4. Complete Part II, detailing the foundation's assets, liabilities, and net assets at the end of the year.
5. Fill out Part III, which requires a narrative description of the organization's mission and activities during the year.
6. In Part IV, list all contributions and investment income, including investment expenses.
7. Complete Part V, which contains details on the foundation’s distributions for charitable purposes.
8. Fill out Part VI regarding the foundation's compliance with specific legal requirements.
9. Review the entire form for accuracy and completeness, then sign and date it.
10. Submit the completed form to the IRS by the due date, typically November 15.

Who needs Form 990-PF (2009)?

1. Private foundations that are exempt under section 501(c)(3) of the IRC and have had gross receipts greater than $100,000 during the tax year.
2. Foundations that have total assets of $250,000 or more at the end of the year.

People Also Ask about

Who needs to file 990-PF?

Organizations that are classified as private foundations are required to file a Form 990-PF. The Form 990-PF serves two essential purposes. First, it provides information that helps government agencies (the IRS and state charity regulators) enforce the laws that govern nonprofits.

What is Form 990-PF used for?

The 990-PF is the information return U.S. private foundations file with the Internal Revenue Service. This public document provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list.

What is the difference between 990 and 990pf?

There are several versions of Form 990: public charities file a Form 990, 990-EZ, or 990-N; private foundations file Form 990-PF (PF stands for Private Foundation). Learn more about the difference between public charities and private foundations.

What is a 990-PF for?

Purpose of form. Form 990-PF is used: To figure the tax based on investment income, and • To report charitable distributions and activities.

What is the difference between a 990 and a 990pf?

There are several versions of Form 990: public charities file a Form 990, 990-EZ, or 990-N; private foundations file Form 990-PF (PF stands for Private Foundation). Learn more about the difference between public charities and private foundations.

What is calculated on Form 990-pf?

Form 990-PF is used to calculate the amount of excise tax that has to be paid by a private foundation. The form is also used to calculate the minimum investment return, which is 5% of the excess of the combined fair market value of all the foundation assets other than those used or withheld for exempt purposes.

Do 990-PF pay taxes?

There is an excise tax on the net investment income of most domestic private foundations. This tax must be reported on Form 990-PF, Return of Private Foundation PDF, and must be paid annually at the time for filing that return or in quarterly estimated tax payments if the total tax for the year is $500 or more.

For pdfFiller’s FAQs

What is Form 990-PF (2009)?

Form 990-PF (2009) is a tax form that private foundations in the United States are required to file with the IRS. It provides information about the foundation's activities, finances, and compliance with tax regulations.

Who is required to file Form 990-PF (2009)?

Private foundations that are exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code are required to file Form 990-PF (2009). This includes both domestic and foreign foundations that meet these criteria.

How to fill out Form 990-PF (2009)?

To fill out Form 990-PF (2009), foundations must gather their financial information, including assets, liabilities, income, and expenditures. They must then complete the form by providing details on their programs, grants, and operational expenses, ensuring compliance with IRS guidelines.

What is the purpose of Form 990-PF (2009)?

The purpose of Form 990-PF (2009) is to provide transparency and accountability for private foundations. It helps the IRS and the public understand the foundation's financial activities, charitable distributions, and compliance with regulations.

What information must be reported on Form 990-PF (2009)?

Form 990-PF (2009) requires reporting of various information, including the foundation's financial data, list of directors and officers, details of grants made, investment income, and details regarding operational expenses and compliance with minimum distribution requirements.