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This document is a tax return form used by private foundations to report their financial activities, contributions, and disbursements for the tax year 2009.
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How to fill out 990-pf

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How to fill out 990-PF

01
Gather your financial records and documentation for the tax year.
02
Download Form 990-PF from the IRS website or obtain a physical copy.
03
Complete the heading section with the foundation's name, address, and EIN.
04
Fill out Part I to provide the foundation's financial data, including income, expenses, and net assets.
05
Complete Part II, detailing the foundation's charitable activities.
06
Fill in Part III, reporting the foundation's governing body and disclosure of transactions.
07
Complete Schedule F if applicable, to report foreign operations.
08
Review instructions for additional sections such as donor information and compliance statements.
09
Sign and date the form, ensuring all information is accurate.
10
File the completed Form 990-PF with the IRS by the due date.

Who needs 990-PF?

01
Private foundations with gross receipts of more than $100,000.
02
Foundations required to file annual information returns as per IRS regulations.
03
Foundations that have made any taxable expenditures during the year.
04
Entities that provide financial assistance or grants to charities.
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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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Form 990-PF is an annual reporting return that tax-exempt private foundations must file with the IRS. It provides information about the foundation's financial activities, assets, and grants.
Private foundations, including both domestic and foreign 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.
To fill out Form 990-PF, organizations must gather financial statements, details about grants made, investment income, and information on the foundation's directors and trustees. The form is completed with specific sections outlining income, expenses, assets, and distribution requirements.
The purpose of Form 990-PF is to provide transparency regarding the activities and financial status of private foundations, ensuring compliance with IRS regulations and informing the public about the foundation's charitable contributions and expenditures.
Form 990-PF requires reporting of the foundation's revenue, expenses, assets, liabilities, grantmaking activities, compensation of officers and directors, and any changes in the foundation's structure or operations throughout the year.
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