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Pro Forma Instructions

Pro Forma Instructions. For 2010 and 2011 IRS Form 990

ignatius-kerr
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Pro Forma Instructions

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  1. Pro Forma Instructions For 2010 and 2011 IRS Form 990 Visit www.irs.gov to download the IRS Form 990 (not EZ or N versions). The Pro Forma IRS Form 990 is for CFC purposes only and will not be filed with the IRS. The 990EZ, 990PF and 990-N does not provide all the information that is required.

  2. ENTIRE PAGE MUST BE COMPLETED. Latest ending date acceptable is June 30, 2010 If your organization is required to submit an audit must cover same fiscal period as the 990. Part I, Line 3 of the form requires organizations to note the number of voting members of the governing body.  This information specifies the number of independent voting members as of the end of the organization’s tax year. Must be signed by officer of the corporation – preparer’s signature is not considered

  3. ENTIRE PAGE MUST BE COMPLETED. If no one on the board was compensated check box. Must identify all individuals who have served on the governing body during the course of the tax year.  This includes individuals who may have left such positions prior to the end of the organization’s tax year.  Please note that the IRS Form 990 instructions define voting members of the governing body as a “Individual trustees or director” or “Institutional trustee”. Therefore, all individuals who were voting members of the governing body must be identified as such in Column C of Part VII.

  4. ENTIRE PAGE MUST BE COMPLETED. The CFC will compare the number of voting members disclosed in Part I, Line 3 with the number of individuals that have the “Individual trustee or director” and “Institutional trustee” position selected in Part VII, Column C.  If the number in Part I is more than the number in Part VII, the organization must provide an explanation for the difference. Note: All governing body information in the IRS Form 990 must be presented in either Part VII or Schedule J-2 of the form.   The CFC will not accept information submitted in other statements or schedules.

  5. ENTIRE PAGE MUST BE COMPLETED. Application Items #7 – AFR % Formula: Part IX (pg.10) Line 25, Column C (Management and general expenses) PLUS Part IX (Pg. 10) Line 25, Column D (Fundraising expenses) DIVIDED by Part VIII (Pg. 9) Line 12, Column A (Total Revenue) MULTIPLIED by 100. All required information must be submitted. TOTAL REVENUE - Used in the AFR% formula.

  6. ENTIRE PAGE MUST BE COMPLETED. Part IX of the IRS Form 990 contains four columns for each of the line items.  This information must be complete and accurate in order to accurately calculate an organization’s administrative and fundraising rate.  The figure entered in Column A (Total Expenses) must equal the sum of the figures entered in Columns B (Program service expenses), C (Management and general expenses) and/or D (Fundraising expenses).  Failure to categorize each expense in Columns B, C and D may result in the denial of the application. Management/General expenses and Fundraising expenses- Used in the AFR% formula.

  7. CFC only accepts accrual method for accounting, unless the total revenue of the organization is under $100,000. A complete IRS Form 990 is required, including all supplemental statements and schedules, if applicable, to be eligible for the CFC. If the Internal Revenue Service does not require the organization to file the Form 990 (long form) it must complete and submit a pro forma IRS Form 990. IRS Forms 990EZ, 990PF, and comparable forms will not be accepted. Organizations that file these forms must submit a pro forma(informal information presented in advance of the actual or formal information) IRS Form 990. Pro forma IRS Form 990 Instructions:The following sections of the long form must be completed: Part I (Summary and Part II, Signature Block), Part VII (Compensation sections A and B), Part VIII (Statement of Revenues), Part IX (Statement of Functional Expenses), and Part XI (2010) or Part XII (2011) (Financial Statements and Reporting).

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