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Le file GRAPHIC print DO NOT PROCESS Format Filed Data DAN:93491318012227 OMB No 15450052990PFReturn of Private FoundationDepartment of the Area UN Internal Re venue SER ice2016or Section 4947(a)(1)

How to fill out 990-rf return of private

How to fill out 990-rf return of private

1. To fill out Form 990-RF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation, follow these steps:
2. Start by downloading Form 990-RF from the Internal Revenue Service (IRS) website.
3. Gather all the necessary information and documentation, including the foundation's financial statements, income and expense records, and details about its activities.
4. Begin filling out the form by providing the foundation's basic information, such as its name, address, and Employer Identification Number (EIN).
5. Complete Part I, which involves providing details about the foundation's exempt/nonexempt status, types of funds, and any disqualified persons.
6. Proceed to Part II and provide information about the foundation's financial activities, including contributions, grants, investments, and expenses.
7. In Part III, report any foreign activities, including grants made to foreign organizations and any investments held outside the United States.
8. Complete Part IV, which requires the foundation to provide details about its governing structure, compensation of officers, and certain financial transactions.
9. Finish the form by completing any applicable schedules, such as Schedule A (Public Charity Status and Public Support) or Schedule B (Schedule of Contributors).
10. Review the completed form thoroughly to ensure accuracy and make any necessary corrections.
11. File the completed Form 990-RF with the IRS by the due date, typically the 15th day of the 5th month after the close of the foundation's fiscal year.
12. It is recommended to consult with a tax professional or refer to the IRS instructions for Form 990-RF for more detailed guidance.

Who needs 990-rf return of private?

1. Any private foundation or Section 4947(a)(1) nonexempt charitable trust treated as a private foundation needs to file Form 990-RF.
2. Private foundations are organizations that are exempt from federal income tax under Section 501(c)(3) and are established for charitable purposes.
3. Section 4947(a)(1) nonexempt charitable trusts are trusts that are not treated as private foundations but still subject to specific reporting requirements.
4. These organizations must file Form 990-RF to provide the IRS and the public with information about their activities, finances, and compliance with tax regulations.
5. Filing Form 990-RF helps ensure transparency and accountability for these organizations and demonstrates their commitment to fulfilling charitable objectives.
6. Failure to file or accurately complete Form 990-RF can result in penalties and jeopardize the organization's tax-exempt status.
7. It is important for private foundations and nonexempt charitable trusts to consult with a tax professional or refer to the IRS guidelines to determine their filing obligations.

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What is 990-rf return of private?

The 990-RF return is a form used by private non-profit organizations to report financial information to the IRS, specifically to disclose their tax-exempt status and detailed financial activities.

Who is required to file 990-rf return of private?

Private foundations and certain non-profit organizations that are exempt from federal income tax are required to file the 990-RF return.

How to fill out 990-rf return of private?

To fill out the 990-RF return, organizations must complete the necessary sections with accurate financial information, including revenue, expenses, assets, and liabilities, following the instructions provided by the IRS.

What is the purpose of 990-rf return of private?

The purpose of the 990-RF return is to provide transparency regarding the financial activities of private non-profit organizations and to ensure compliance with federal tax regulations.

What information must be reported on 990-rf return of private?

The 990-RF return must report information such as the organization's income, expenses, assets, liabilities, net assets, contributions received, grants made, and compensation of officers and directors.