Get the free Form 990 PF - 990s.foundationcenter.org

71110 02/24/2014 4 02 PM Form Return of Private Foundation 990 PF OMB No 15450052 or Section 4947(a)(1) Trust Treated as Private Foundation 2013 Do not enter Social Security numbers on this form as

How to fill out form 990 pf

How to fill out Form 990 PF?

1. Gather the necessary information: Before starting to fill out Form 990 PF, make sure you have all the required information at hand. This includes the organization's name, address, taxpayer identification number, financial records, and details about any grants or contributions made during the tax year.
2. Complete Part I: Begin by filling out Part I of Form 990 PF, which requires basic information about the organization, including its name, address, and contact details. You will also need to provide the tax year for which you are filing.
3. Provide financial information: In Part II, you will need to report the organization's balance sheets and revenue information for the tax year. This includes listing the assets, liabilities, and net assets of the organization, as well as providing a breakdown of revenue and expenses.
4. Report grants and contributions: Part III of Form 990 PF requires you to disclose any grants or contributions made by the organization during the tax year. This includes details about the recipients, purpose of the grants, and the amounts given.
5. Complete additional sections and schedules: Depending on the organization's activities and specific circumstances, additional sections and schedules may need to be completed. This could include reporting information about taxable subsidiaries, foreign activities, investments, or specific grants.
6. Review and sign: Once you have filled out all the necessary sections of Form 990 PF, carefully review the information to ensure accuracy and completeness. It is important to sign the form as the authorized officer of the organization before submission.

Who needs Form 990 PF?

1. Private foundations: Form 990 PF is specifically designed for private foundations, which are nonprofit organizations established for charitable purposes. Private foundations are required to file Form 990 PF annually to provide the IRS with information about their financial activities.
2. Organizations with assets over a certain threshold: Generally, private foundations with total assets exceeding $5,000 are required to file Form 990 PF. However, there are certain exceptions and circumstances that may impact the filing requirement, so it is essential to consult the IRS guidelines or seek professional advice to determine the precise requirements for your organization.
3. Compliance with tax laws: Filing Form 990 PF helps private foundations maintain compliance with tax laws and regulations. It provides transparency and accountability by reporting financial information, grants, and contributions, which ensures the organization's charitable activities are carried out in accordance with the IRS regulations.

It is important to note that this content is for informational purposes only and should not be considered as legal or tax advice. It is recommended to consult with a qualified professional or tax advisor when completing Form 990 PF.

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What is form 990 pf?

Form 990 PF is the return required to be filed by private foundations for tax-exempt status.

Who is required to file form 990 pf?

Private foundations are required to file form 990 PF.

How to fill out form 990 pf?

Form 990 PF can be filled out by providing detailed information about the foundation's finances, grants, investments, and activities.

What is the purpose of form 990 pf?

The purpose of form 990 PF is to provide transparency and accountability for private foundations and ensure compliance with tax laws.

What information must be reported on form 990 pf?

Information such as financial data, grants made, investments, and activities of the private foundation must be reported on form 990 PF.