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This document is the form filed by private foundations to report their financial status, activities, and donations for the year 2010.
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How to fill out 990-pf

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How to fill out 990-PF

01
Gather all necessary financial documents including income, expenses, and asset information.
02
Download Form 990-PF from the IRS website or obtain a physical copy.
03
Fill out Part I: Charitable Deduction: This includes information about the foundation's financial activities.
04
Complete Part II: Balance Sheets: Provide details on the foundation's assets, liabilities, and net assets.
05
Fill out Part III: Statement of Revenue: Report all income sources, including contributions and investment income.
06
Complete Part IV: Supporting Organizations: If applicable, provide details on any supporting organizations.
07
Fill out Part V: Contributions, Gifts, Grants, and Similar amounts paid: Report all distributions made during the year.
08
Answer the questions in Part VI regarding the foundation's activities and its status.
09
Complete the Schedule A if the foundation has a specific charitable purpose.
10
Review the entire form for accuracy before submission.
11
File the completed form with the IRS by the appropriate deadline.

Who needs 990-PF?

01
Private foundations are required to file Form 990-PF annually.
02
Organizations recognized as private foundations under IRS regulations.
03
Foundations that have made distributions or have significant assets need to complete the form.
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The minimum investment return is generally five percent of the total fair market value of the foundation's non-charitable use assets.
Form 990-PF is used to figure the tax based on investment income, and to report charitable distributions and activities.
IRS e-Services Makes Taxes Easier You can e-file your Form 990-PF, Form 940 and 941 employment tax returns, and Forms 1099 and other information returns. You can pay taxes online or by phone using the free Electronic Federal Tax Payment System (EFTPS).
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
The Form 990-PF, entitled "Return of Private Foundation" is a report that must be filed each year with the Internal Revenue Service (IRS) by organizations exempt from Federal income taxes under section 501 of the Internal Revenue Code, and whose annual receipts are normally more than $25,000 a year.
Form 990, Return of Organization Exempt From Income Tax An organization must file Form 990, if it is: An organization with either: ► gross receipts of $200,000 or more, or ► total assets of $500,000 or more. A sponsoring organization of one or more donor-advised funds.
A Guide to Private Non-Operating Foundations Private non-operating foundations are required by IRS regulations to make a minimum distribution each year for charitable purposes: roughly 5% of its assets, with certain adjustments, based on the previous year's assets.
The minimum investment return for any private foundation is 5 percent of the excess of the combined fair market value of all assets of the foundation, other than those used or held for use for exempt purposes, over the amount of indebtedness incurred to buy these assets.

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The 990-PF is a tax form used by private foundations in the United States to report their financial information to the IRS. It includes details about the foundation's income, expenses, assets, and charitable distributions.
Private foundations are required to file Form 990-PF annually. This includes both domestic and foreign private foundations that are recognized as tax-exempt by the IRS.
To fill out Form 990-PF, a foundation must provide information such as its revenue, expenditures, grants made, and compensation of officers. It is typically necessary to complete both the core form and its schedules, following IRS instructions for accuracy.
The purpose of Form 990-PF is to provide transparency and accountability for private foundations by disclosing their financial activities, governance, and compliance with tax laws.
Information reported on Form 990-PF includes the foundation's revenue and expenses, balance sheet information, details of grants made, administrative details, and compliance with minimum distribution requirements.
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