Form 990-PF Part I

Contributions, gifts, grants, etc., received (attach schedule)

Line 1. Contributions, gifts, grants, etc., received. Enter the total of gross contributions, gifts, grants, and similar amounts received.

Schedule B (Form 990). If money, securities, or other property valued at $5,000 or more was received, directly or indirectly, from any one person during the year, complete Schedule B and attach it to the return. If the foundation isn’t required to complete Schedule B (no person contributed $5,000 or more), be sure to check the box on line 2.

Schedule B (Form 990)

To determine whether a person has contributed $5,000 or more, total only gifts of $1,000 or more from each person. Separate and independent gifts need not be totaled if less than $1,000. If a contribution is in the form of property, describe the property and include its fair market value.

The term “person” includes individuals, fiduciaries, partnerships, corporations, associations, trusts, and exempt organizations.

Split-interest trusts: Distributions from split-interest trusts should be entered on line 1, column (a). They are a part of the amount on line 1.

Substantiation requirements. An organization must keep records, as required by the regulations under IRC Section 170.

Generally, a donor making a charitable contribution of $250 or more won’t be allowed a federal income tax deduction unless the donor obtains a written acknowledgment from the donee organization by the earlier of the date on which the donor files a tax return for the tax year in which the contribution was made or the due date, including extensions, for filing that return. However, see section 170(f)(8)(D) and Regulations section 1.170A-13(f) for exceptions to this rule.

The written acknowledgment the foundation provides to the donor must show:

1. The amount of cash contributed;


2. A description of any property contributed;


3. Whether the foundation provided any goods or services to the donor; and


4. A description and a good-faith estimate of the value of any goods or services the foundation gave in return for the contribution, unless:
   
   
   
   1. The goods and services have insubstantial value, or
   
   
   2. A statement is included that these goods and services consist solely of intangible religious benefits.

Check ☐ if the foundation is not required to attach Sch. B

Line 2. Check this box if the foundation isn’t required to attach Schedule B (Form 990). See the instructions for Line 1 and Schedule B for more information on the contribution thresholds.

Interest on savings and temporary cash investments

Dividends and interest from securities

Line 4. Dividends and interest from securities. Enter the amount of dividend and interest income from securities (stocks and bonds) reportable in Part II, line 10.

In column (a). Include amounts received from payments on securities loans, as defined in section 512(a)(5). Don’t include any capital gain dividends reportable on line 6a. Report income from program-related investments on line 11. For debt instruments with an original issue discount, report the original issue discount ratably over the life of the bond on line 4. See section 1272 for more information.

In column (b). Enter the amount of dividend and interest income and payments on securities loans from column (a). Don’t include interest on tax-exempt government obligations.

In column (c). Enter the amount of dividend and interest income and payments on securities loans from column (a). Include interest on tax-exempt government obligations.

Gross rents

Line 5a. Net rental income or (loss). Enter the gross rental income for the year from investment property reportable in Part II, line 11.

In column (a). Enter the gross rental income for the year from investment property reportable in Part II, line 11.

In columns (b) and (c). Enter the gross rental income from column (a).

Net rental income or (loss)

Line 5b. Figure the net rental income or (loss) for the year and enter that amount on the entry line to the left of column (a).

Report rents from other sources on line 11. Enter any expenses attributable to the rental income reported on line 5, such as interest and depreciation, on lines 13–23.

Net gain or (loss) from sale of assets not on line 10

Line 6a. Net gain or (loss) from sale of assets. Enter the net gain or (loss) per books from all asset sales not included on line 10.

For assets sold and not included in Part IV, attach a schedule showing:

• Date acquired;
• Manner of acquisition;
• Gross sales price;
• Cost, other basis, or value at time of acquisition (if donated) and which of these methods was used;
• Date sold;
• To whom sold;
• Expense of sale and cost of improvements made subsequent to acquisition; and
• Depreciation since acquisition (if depreciable property).

Gross sales price for all assets on line 6a

Line 6b. Gross sales price for all assets on line 6a.Enter the gross sales price from all asset sales whose net gain or loss was reported on line 6a.

Capital gain net income (from Part IV, line 2)

Line 7. Capital gain net income. Enter the capital gain net income from Part IV, line 2. See the Part IV instructions.

Net short-term capital gain

Line 8. Net short-term capital gain. Include only net short-term capital gain for the year (assets sold or exchanged that were held not more than 1 year). Don’t include net long-term capital gain or net loss in column (c).

Don’t include on line 8 a net gain from the sale or exchange of depreciable property, or land used in a trade or business (section 1231) and held for more than 1 year. However, include net loss from such property on line 23 as an Other expense.

In general, foundations may carry to line 8 the net short-term capital gain reported in Part IV, line 3. However, if the foundation had any short-term capital gain from sales of debt-financed property, add it to the amount reported in Part IV, line 3, to figure the amount to include on line 8. For information dealing with “debt-financed property,” see the Instructions for Form 990-T.

Income modifications

Line 9. Income modifications. Include on this line:

1. Amounts received or accrued as repayments of amounts taken into account as qualifying distributions;


2. Amounts received or accrued from the sale or other disposition of property to the extent that the acquisition of the property was considered a qualifying distribution for any tax year;


3. Any amount set aside for a specific project (see explanation in the instructions for Part XI) that wasn’t necessary for the purposes for which it was set aside;


4. Income received from an estate, but only if the estate was considered terminated for income tax purposes due to a prolonged administration period; and


5. Amounts treated in an earlier tax year as qualifying distributions to:
   
   
   • A nonoperating private foundation if the amounts weren’t redistributed by the grantee organization by the close of its tax year following the year in which it received the funds, or
   
   
   • An organization controlled by the distributing foundation or a disqualified person if the amounts weren’t redistributed by the grantee organization by the close of its tax year following the year in which it received the funds.

Gross sales less returns and allowances

Lines 10a, b, c. Gross profit from sales of inventory. Enter the gross sales (less returns and allowances), cost of goods sold, and gross profit or (loss) from the sale of all inventory items, including those sold in the course of special events and activities. These inventory items are the ones the organization either makes to sell to others or buys for resale.

Don’t report any sales or exchanges of investments on line 10. Don’t include any profit or (loss) from the sale of capital items such as securities, land, buildings, or equipment on line 10. Enter these amounts on line 6a.

Don’t include any business expenses such as salaries, taxes, rent, etc., on line 10. Include them on lines 13–23.

Attach a schedule showing the following items: gross sales, cost of goods sold, and gross profit or (loss). These items should be classified according to type of inventory sold (such as books, tapes, other educational or religious material, etc.). The totals from the schedule should agree with the entries on lines 10a–10c.

In column (c). Enter the gross profit or (loss) from sales of inventory shown on line 10c, column (a).

Less: Cost of goods sold

Line 10b. Cost of goods sold. See line 10a instructions.

Gross profit or (loss) (attach schedule)

Line 10c. Gross profit or (loss). See line 10a instructions.

Other income (attach schedule)

Line 11. Other income. Enter the total of all the foundation’s other income for the year. Attach a schedule that gives a description and the amount of the income. Include all income not reported on lines 1 through 10c. Also, see Part XV-A, Line 11, later.

Include imputed interest on certain deferred payments figured under section 483 and any investment income not reportable on lines 3 through 5, including income from program-related investments (defined in the instructions for Part VIII-B).

Don’t include unrealized gains and losses on investments carried at market value. Report those as fund balance or net asset adjustments in Part III.

In column (b). Enter the amount of investment income included in line 11, column (a). Include dividends, interest, rents, and royalties derived from assets devoted to charitable activities, such as interest on student loans.

In column (c). Include all other items includible in adjusted net income not covered elsewhere in column (c).

Total. Add lines 1 through 11

Line 12. Total. Enter the total of lines 1–11 in columns (a)–(c).

In column (b). Domestic organizations should enter the total of lines 3–11. Tax-exempt foreign foundations should exclude the line 7 amount from the total.

Compensation of officers, directors, trustees, etc.

Line 13. Compensation of officers, directors, trustees, etc. Enter the total compensation for the year of all officers, directors, and trustees.

In column (a). Enter the total compensation for the year of all officers, directors, and trustees. If none was paid, enter zero. Complete line 1 of Part VII to show the compensation of officers, directors, trustees, and foundation managers.

In columns (b), (c), and (d). Enter the portion of the compensation included in column (a) that is applicable to the column. For example, in column (c), enter the portion of the compensation included in column (a) paid or incurred to produce or collect income included in column (c).

Other employee salaries and wages

Line 14. Other employee salaries and wages. Enter the salaries and wages of all employees other than those included on line 13.

Employee leasing companies and professional employer organizations. In some cases, an exempt organization “leases” one or more “employees” from another company, which may be in the business of leasing employees. Alternatively, the organization may enter into an agreement with a professional employer organization to perform some or all of the federal employment tax withholding, reporting, and payment functions related to workers performing services for the organization. The organization should treat employees of an employee leasing company or a professional employer organization (whether or not certified under the Certified Professional Employer Organization Program (CPEO)) as the organization’s own employees and should report the compensation and other items in Part IV as if the organization had paid the officers, directors, trustees, and key employees directly. For more information, visit IRS.gov/CPEO. An employee is defined as, any individual who, under the usual common law rules applicable in determining the employer-employee relationship, has the status of an employee, and any other individual who is treated as an employee for federal employment tax purposes under section 3121(d). See Pub. 1779 for more information.

Pension plans, employee benefits

Line 15. Contributions to employee pension plans and other benefits. Enter the employer’s share of contributions the organization paid to qualified and nonqualified pension plans and the employer’s share of contributions to employee benefit programs (such as insurance, health, and welfare programs) that aren’t an incidental part of a pension plan. Complete the return/report of the Form 5500 series appropriate for the organization’s plan. See the Instructions for Form 5500 for information about employee welfare benefit plans required to file that form.

Also include the amount of federal, state, and local payroll taxes for the year, but only include those that are imposed on the organization as an employer. This includes the employer’s share of social security and Medicare taxes, FUTA tax, state unemployment compensation tax, and other state and local payroll taxes. Don’t include taxes withheld from employees’ salaries and paid over to the various governmental units (such as federal and state income taxes and the employee’s share of social security and Medicare taxes).

Legal fees (attach schedule)

Lines 16a, b, and c. Legal, accounting, and other professional fees. On the appropriate line(s), enter the legal, accounting, auditing, and other professional fees (such as fees for fundraising or investment services) charged by outside firms and individuals who aren’t employees of the foundation.

Attach a schedule for lines 16a, b, and c. Show the type of service and expense for each. If the same person provided more than one of these services, include an allocation of those expenses.

Report any fines, penalties, or judgments imposed against the foundation as a result of legal proceedings on line 23.

Accounting fees (attach schedule)

Line 16b. Accounting fees. See line 16a instructions.

Other professional fees (attach schedule)

Line 16c. Other professional fees. See line 16a instructions.

Interest

Line 17. Interest. Enter the amount of interest expense paid or accrued by the foundation during the year.

There are no specific additional instructions for this line in the IRS guide.

Taxes (attach schedule)

Line 18. Taxes. Attach a schedule listing the type and amount of each tax reported on line 18. Don’t enter any taxes included on line 15.

In column (a). Enter the taxes paid (or accrued) during the year. Include all types of taxes recorded on the books, including real estate tax not reported on line 20, the tax on investment income, and any income tax.

In column (b). Enter only those taxes included in column (a) related to investment income taxable under section 4940. Don’t include the section 4940 tax paid or incurred on net investment income or the section 511 tax on unrelated business income. Sales taxes may not be deducted separately but must be treated as a part of the cost of acquired property or as a reduction of the amount realized on disposition of the property.

In column (c). Enter only those taxes included in column (a) that relate to income included in column (c). Don’t include any excise tax paid or incurred on the net investment income (as shown in Part V) or any tax reported on Form 990-T.

In column (d). Don’t include any excise tax paid on investment income (as reported in Part V of this return or the equivalent part of a return for prior years) unless the organization is claiming status as a private operating foundation and completes Part XIII.

Depreciation (attach schedule) and depletion

Line 19. Depreciation and depletion. In column (a). Enter the expense recorded in the books for the year. For depreciation, attach a schedule showing:

• A description of the property,
• The date acquired,
• The cost or other basis (exclude any land),
• The depreciation allowed or allowable in prior years,
• The method of computation,
• The rate (%) or life (years), and
• The depreciation this year.

Occupancy

Line 20. Occupancy. Enter the amount paid or incurred for the use of office space or other facilities. If the space is rented or leased, enter the amount of rent. If the space is owned, enter the amount of mortgage interest, real estate taxes, and similar expenses, but not depreciation reportable on line 19. In either case, include the amount for utilities and related expenses (for example, heat, lights, water, power, telephone, sewer, trash removal, outside janitorial services, and similar services). Don’t include any salaries of the organization’s own employees reportable on line 14.

Travel, conferences, and meetings

Line 21. Travel, conferences, and meetings. Enter the expenses for officers, employees, or others during the year for travel, attending conferences, meetings, etc. Include transportation (including fares, mileage allowance, or automobile expenses), meals and lodging, and related costs whether paid on the basis of a per diem allowance or actual expenses incurred. Don’t include any compensation paid to those who participate.

In column (b). Only 50% of the expense for business meals paid or incurred in connection with travel, meetings, etc., relating to the production of investment income may be deducted in figuring net investment income (section 274(n)).

In column (c). Subject to the Special rule, earlier, limiting amounts reported in column (c) by the income generated by a charitable activity, enter the total amount of expenses paid or incurred by officers, employees, or others for travel, conferences, meetings, etc., related to income included in column (c).

Printing and publications

Line 22. Printing and publications. Enter the expenses for printing or publishing and distributing any newsletters, magazines, etc. Also include the cost of subscriptions to, or purchases of, magazines, newspapers, etc.

Other expenses (attach schedule)

Line 23. Other expenses. Enter all other expenses for the year. Include all expenses not reported on lines 13–22. Attach a schedule showing the type and amount of each expense. If a deduction is claimed for amortization, attach a schedule showing:

• Description of the amortized expenses;
• Date acquired, completed, or expended;
• Amount amortized;
• Deduction for prior years;
• Amortization period (number of months);
• Current-year amortization; and
• Total amount of amortization.

Total operating and administrative expenses. Add lines 13 through 23

Line 24. Total operating and administrative expenses. Add lines 13 through 23 in columns (a), (b), (c), and (d).

Contributions, gifts, grants paid

Line 25. Contributions, gifts, grants paid. Don’t report on line 25 direct program expenditures that aren’t contributions, gifts, or grants. These amounts should be reported on lines 13–24.

In column (a). Enter the total of all contributions, gifts, grants, and similar amounts paid (or accrued) for the year. List each contribution, gift, grant, etc., in Part XIV, or attach a schedule of the items included on line 25 and list:

1. Name and address of donee;
2. Relationship of donee if related by:
   1. blood,
   2. marriage,
   3. adoption, or
   4. employment (including children of employees) to any disqualified person and
3. The organizational status of donee (for instance, public charity—an organization described in section 509(a)(1), (2), or (3)).

• A description of the contributed property,
• The book value of the contributed property,
• The method used to determine the book value,
• The method used to determine the fair market value, and
• The date of the gift.

• Don’t include contributions to organizations controlled by the foundation or by one or more disqualified persons, or contributions to nonoperating private foundations, unless the donee organization is exempt from tax under section 501(c)(3) and redistributes the contributions, and the foundation maintains sufficient evidence of redistribution, in accordance with section 4942(g)(3) and Regulations section 53.4942(a)-3(c).
• Don’t include contributions paid from a nonoperating private foundation to a Type III supporting organization, as defined under section 4943(f)(5), that isn’t a functionally integrated Type III supporting organization, as defined under section 4943(f)(5)(B). See Regulations section 1.509(a)-4(i).
• Don’t include contributions paid from a nonoperating private foundation to any supporting organization if a disqualified person of the private foundation controls the supporting organization or any of its supported organizations. See Regulations section 53.4942(a)-3(a)(3).
• Don’t reduce the amount of grants paid in the current year by the amount of grants paid in a prior year returned or recovered in the current year. Report those repayments on Part I, line 9, column (c), and in Part X, line 4.
• Don’t include any payments of set-asides (see the instructions for Part XI, line 3) taken into account as qualifying distributions in the current year or any prior year. All set-asides are included in qualifying distributions (Part XI, line 3) in the year of the set-aside, regardless of when paid.
• Don’t include current-year write-offs of prior years’ program-related investments. All program-related investments are included in qualifying distributions (Part XI, line 1b) in the year the investment is made.
• Don’t include any payments that aren’t qualifying distributions, as defined in section 4942(g)(1).

Total expenses and disbursements. Add lines 24 and 25

Line 26. Total expenses and disbursements. Add lines 24 and 25 in columns (a), (b), (c), and (d).

Subtract line 26 from line 12:

Line 27. See line 27a, 27b and 27c instructions.

Excess of revenue over expenses and disbursements

Line 27a. Excess of revenue over expenses and disbursements. Subtract line 26, column (a), from line 12, column (a), and enter the result. Generally, the amount shown in column (a) on this line is also the amount by which net assets (or fund balances) have increased or decreased for the year. See Part III. Analysis of Changes in Net Assets or Fund Balances.

Net investment income (if negative, enter -0-)

Line 27b. Net investment income. Domestic organizations should subtract line 26, column (b), from line 12, column (b), and enter the result. Exempt foreign organizations should enter the amount shown on line 12, column (b). However, if the organization is a domestic organization and line 26, column (b), is more than line 12, column (b) (such as when expenses exceed income), enter zero (not a negative amount).

Adjusted net income (if negative, enter -0-)

Line 27c. Adjusted net income. Subtract line 26, column (c), from line 12, column (c), and enter the result.