Get the free Foy 990 - PF Return of Private Foundation 0113 - Foundation Center

1/18/2012 11:22:37 AM 108426KQ026 -19 — MBP — STEWART A FOR SHIPS PUB LIBRETTO Return of Private Foundation For 990 -PF Earl emo the Treasury For calendar year 2010, or tax year beginning 10/1/2010

How to fill out foy 990 - pf

How to fill out Form 990-PF:

1. Gather all necessary information: Before filling out Form 990-PF, make sure to collect all the required information. This includes the organization's name, address, and tax identification number, as well as details about its income, expenses, and activities.
2. Section A: Provide an overview of the organization: In Section A, you will need to provide general information about the organization, such as its name, address, and employer identification number. You will also need to specify the organization's type and the tax year that the form covers.
3. Section B: Describe the organization's charitable activities: In this section, you will need to provide a description of the organization's charitable activities and accomplishments during the tax year. Be specific and provide details about the programs or initiatives the organization undertook.
4. Part I: Financial Data: This part requires you to report the organization's financial information, including its income, expenses, assets, and liabilities. You will need to provide information about grants and contributions received, as well as investment income and expenses. This section also includes a breakdown of the organization's assets and liabilities.
5. Part II: Balance Sheets: In this part, you will need to report the organization's assets and liabilities in more detail. This includes providing information about cash, investments, accounts receivable, and other assets, as well as accounts payable and other liabilities.
6. Part III: Statement of Activities: Here, you will need to provide a breakdown of the organization's revenue and expenses by program or activity. This section should include information about grants and contributions provided, as well as program service revenue and other sources of income. You will also need to report the organization's expenses, including salaries, rent, and other operational costs.
7. Part IV: List of Officers, Directors, and Trustees: In this part, you will need to provide a list of the organization's officers, directors, and trustees. You will need to include their names, titles, and addresses.

Who needs Form 990-PF?

1. Private foundations: Form 990-PF is specifically designed for private foundations, which are tax-exempt organizations that make grants and donations to charitable causes. Private foundations are required to file Form 990-PF annually to report their financial activities and ensure compliance with tax regulations.
2. Organizations with significant endowments: If an organization has a significant endowment or holds substantial assets, it may be required to file Form 990-PF to report its financial activities and demonstrate how it utilizes its resources for charitable purposes.
3. Organizations seeking tax-exempt status: In some cases, organizations seeking tax-exempt status as a private foundation may need to file Form 990-PF during the application process. This form helps the Internal Revenue Service (IRS) assess the organization's financial situation and compliance with tax regulations as part of the determination process.

In conclusion, Form 990-PF is necessary for private foundations, organizations with significant endowments, and those seeking tax-exempt status. By following the step-by-step instructions and providing accurate and complete information, organizations can successfully fill out Form 990-PF and fulfill their reporting obligations to the IRS.

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What is foy 990 - pf?

Foy 990-PF is the annual information return that must be filed by private foundations with the IRS.

Who is required to file foy 990 - pf?

Private foundations are required to file foy 990-PF.

How to fill out foy 990 - pf?

Filing out foy 990-PF involves providing detailed financial information and other relevant details about the private foundation's activities.

What is the purpose of foy 990 - pf?

The purpose of foy 990-PF is to provide the IRS and the public with information about the private foundation's finances and activities.

What information must be reported on foy 990 - pf?

Foy 990-PF requires information about the private foundation's financial activities, grants, investments, and other operational details.