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Learn everything about Form 990-PF, including essential filing instructions and guidelines. This guide provides clarity on the requirements and helps you navigate the complexities of filing Form 990.
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An Introduction to the Form 990PF Within the Form 990-PF there is information that is of the utmost importance to the serious prospect researcher. However you need to know where to find this information and how to interpret it.
03 What is the IRS Form 990-PF? As a preliminary to discussing the ten most significant facts that can be found in the Form 990-PF, we will first provide some background information on the Form itself.
03 The 10 Most Significant Items of Information Below, we describe the ten most significant items of information that can be found on the Form 990-PF, their importance to the prospect researcher and where they can be found on the form. Item 1 - Identity and Tax Status Item 2 - How Much Income Did the Organization Receive and From What Sources? Item 3 - What Were the Foundation's Operating and Administrative Expenses? Item 4 - What can the Prospect Researcher Determine From Net Assets? Item 5 - Who are the Board Members and Why is This Relevant to the Prospect Researcher? Item 6 - What Kinds of Programs Does the Foundation Run and How Much Does It Spend on Them? Item 7 - Where Can I Locate Information about Specific Funding Recipients, either Individuals or Groups? Item 8 - How can I Locate New Foundations by Using the Form 990-PF? Item 9 - How do I Determine the Tax Year or Fiscal Year for the Form 990-PF I am viewing? Item 10 - Does the Organization Lobby Special Interests?
03 Item 1: Identity and Tax Status The section at the top of page 1 of the Form 990-PF contains the name of the filing organization and other useful information such as contact information
03 Item 2 - How Much Income Did the Foundation Receive and From What Sources? By going directly to Line 12, you can find out how much total income the organization received during the year. This will give you some idea of the size of the foundation's operations.
03 Item 3 - What Were the Foundation's Operating and Administrative Expenses? The total expenses and disbursements reported at Line 26 are a good way to get a quick idea of how extensive a foundation's activities are.
