Get the free Form 990-PF 2016 - The Klarman Family Foundation

Form990PFOMB No. 15450052Return of Private Foundation2016or Section 4947(a)(1) Trust Treated as Private Foundation G Do not enter social security numbers on this form as it may be made public. G Information

How to fill out form 990-pf 2016

How to fill out form 990-pf 2016

1. To fill out Form 990-PF 2016, follow the steps below:
2. Obtain the necessary documents and information, including the previous year's Form 990-PF, financial statements, and other supporting documents.
3. Read the instructions carefully to understand the requirements and how to complete each section of the form.
4. Provide the basic information about your private foundation, including its name, address, EIN, and tax period.
5. Complete Part I: Reason for Public Charity Status and Public Support.
6. Fill out Part II: Statement of Revenue, which includes reporting the foundation's income, contributions, and grants.
7. Complete Part III: Statement of Functional Expenses, which requires providing detailed information about the foundation's expenses.
8. Fill out Part IV: Balance Sheets, which includes reporting the foundation's assets and liabilities.
9. Complete Part V: List of Officers, Directors, and Trustees.
10. Provide the required information in Schedule A, including details about your organization's activities, financial data, and compensation of officers, directors, and key employees.
11. Attach any necessary schedules and supporting documents, such as Schedule B for reporting contributors or Schedule O for explanations.
12. Review the completed form for accuracy and completeness before submitting it to the IRS.
13. Keep a copy of the filled-out Form 990-PF 2016 for your records.
14. Submit the completed form along with any required payment by the deadline indicated in the instructions.

Who needs form 990-pf 2016?

1. Form 990-PF 2016 is required to be filed by private foundations in the United States.
2. Private foundations are non-profit organizations that make grants primarily to support charitable activities. They are subject to specific tax laws and regulations, which include filing Form 990-PF annually with the IRS.
3. Therefore, any private foundation that operated during the tax year and met the minimum filing requirements must file Form 990-PF 2016.
4. It is advisable to consult with a tax professional or refer to the IRS guidelines to determine if you qualify as a private foundation and need to file this form.

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What is form 990-pf - form?

Form 990-PF is a tax form filed by private foundations in the United States to report their financial information, including income, expenses, and charitable disbursements.

Who is required to file form 990-pf - form?

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 annually.

How to fill out form 990-pf - form?

Form 990-PF can be filled out by providing detailed information on the foundation’s revenue, expenses, and assets, along with a list of its grants and minimum distributions, following the instructions outlined by the IRS.

What is the purpose of form 990-pf - form?

The purpose of Form 990-PF is to provide transparency and accountability regarding a private foundation's financial activities, including their charitable activities and compliance with tax laws.

What information must be reported on form 990-pf - form?

The form requires reporting information such as the foundation's financial statements, a list of officers and directors, charitable expenditures, investment income, and compliance with minimum distribution requirements.