Table of Contents
- Part I. Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts
- Part II. Conservation Easements
- Part III. Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets
- Part IV. Escrow and Custodial Arrangements
- Part V. Endowment Funds
- Part VI. Land, Buildings, and Equipment
- Part VII. Investments—Other Securities
- Part VIII. Investments—Program Related
- Part IX. Other Assets
- Part X. Other Liabilities
- Parts XI Through XII. Reconciliation of Revenue and Expenses From Form 990 to Audited Financial Statements
- Part XIII. Supplemental Information
Complete Part I if the organization answered “Yes” to Form 990, Part IV, line 6.
Generally a donor advised fund is a fund or account:
1. That is separately identified by reference to contributions of a donor or donors;
2. That is owned and controlled by a sponsoring organization; and
3. For which the donor or donor advisor has or reasonably expects to have advisory privileges in the distribution or investment of amounts held in the donor advised fund or account because of the donor's status as a donor.
Donor advised funds are not limited to funds or accounts that meet the definition of “funds” under generally accepted accounting principles.
A donor advised fund does not include any fund or account:
That makes distributions only to a single identified organization or governmental entity, or
In which a donor or donor advisor gives advice about which individuals receive grants for travel, study, or other similar purposes, if:
The donor or donor advisor's advisory privileges are performed exclusively by such person in his or her capacity as a member of a committee in which all of the committee members are appointed by the sponsoring organization;
No combination of donors or donor advisors (and related persons as defined below) directly or indirectly control the committee; and
All grants from the fund or account are awarded on an objective and nondiscriminatory basis following a procedure approved in advance by the board of directors of the sponsoring organization. The procedure must be designed to ensure that all grants meet the requirements of section 4945(g)(1), (2), or (3); or
That the Secretary exempts from being treated as a donor advised fund because either such fund or account is advised by a committee not directly or indirectly controlled by the donor or donor advisor or because such fund benefits a single identified charitable purpose.
See Notice 2006-109, 2006-51 I.R.B. 1121, available at www.irs.gov/irb/2006-51_IRB/ar11.html.
A person related to a donor or donor advisor includes: any family member (as defined in section 4958(f)(4)) of the donor or donor advisor and any 35% controlled entity (as defined in section 4958(f)(3)) of the donor, donor advisor, or their family members.
Complete Part II if the organization answered “Yes” to Form 990, Part IV, line 7.
In addition to reporting on conservation easements, also report in Part II other interests in real property that under state law have attributes similar to a conservation easement and are established for the purpose of conservation and preservation (for example, certain restrictive covenants and equitable servitudes). Do not report utility easements.
Enter the total number of conservation easements held by the organization at the end of the tax year. This should not be an estimate or a rounded number.
Enter the total acreage restricted by conservation easements held by the organization at the end of the tax year. Compute the total acreage by adding together all the acres of land subject to all the easements held as of the end of the tax year. Do not include conservation easements on certified historic structures. Acreage can be expressed in decimal points for properties subject to easements where the acreage consists of less than whole numbers. For example, two and one-half acres can be expressed as 2.5 acres.
Enter the number of conservation easements on certified historic structures held by the organization at the end of the tax year.
A certified historic structure is any building or structure listed in the National Register of Historic Places as well as any building certified as being of historic significance to a registered historic district. See section 170(h)(4)(B) for special rules that apply to contributions made after August 17, 2006.
Enter the number of conservation easements included in the answer to line 2c that the organization acquired after August 17, 2006.
Complete Part III if the organization answered “Yes” to Form 990, Part IV, line 8.
Organizations that receive contributions of works of art, historical treasures, and similar assets that do not maintain collections as described in SFAS 116 (ASC 958-360-20) are not required to complete Part III, but may be required to complete Schedule M.
For lines 1 and 2, refer to SFAS 116 (ASC 958) for meanings of the various terms.
If an organization has elected not to capitalize its collections, then provide in Part XIII the footnote(s) to the organization's financial statements that describe these collection items.
If an organization has elected to capitalize its collections, provide on line 1(b)(i) the revenues relating to its collection items that are reported on Form 990, Part VIII, line 1. Also, provide on line 1(b)(ii) the value of the organization's collection items reported as total assets on Form 990, Part X, line 16, column (B).
Complete Part IV if the organization answered “Yes” to Form 990, Part IV, line 9, regarding escrow or custodial accounts or arrangements.
Organizations that maintain escrow or custodial accounts not reported on Form 990, Part X, must record increases or decreases in such accounts by completing lines 1c through 1f.
A credit counseling organization that collects amounts from debtors to remit to creditors can hold funds in an escrow or custodial account. If the organization acts as a go-between and does not report these funds as its assets or liabilities on Form 990, Part X, it must report the fund balances on lines 1c through 1f.
An organization providing down-payment assistance that collects amounts from donors to be used toward the purchase of qualifying housing can hold funds in an escrow or custodial account. If the organization acts as a go-between and does not report these funds as its assets or liabilities on Form 990, Part X, it must report the fund balances on lines 1c through 1f.
Complete Part V if the organization answered “Yes” to Form 990, Part IV, line 10. For Part V, the definitions of endowments and types of endowments are governed by SFAS 117, paragraphs 13 through 16 (ASC 958-210 and 958-225). Information reported in Part V should pertain to the aggregate of the endowment assets held by the organization, organizations formed and maintained exclusively to further one or more exempt purposes of the organization, and organizations that hold endowment funds for the benefit of the organization.
Temporarily restricted endowments include endowment funds established by donor-restricted gifts that are maintained to provide a source of income for either a specified period of time or until a specific event occurs (see SFAS 117 (ASC 958-205-45)), as well as all other temporarily restricted net assets held in a donor-restricted endowment, including unappropriated income from permanent endowments that is not subject to a permanent restriction.
Permanent (true) endowments are endowment funds that are established by donor-restricted gifts and are maintained to provide a permanent source of income, with the stipulation that principal must be invested and kept intact in perpetuity, while only the income generated can be used by the organization.
Board-designated endowments, or quasi-endowments, are endowments established by the organization itself, either from unrestricted donor or organizational funds, over which the organization itself imposes restrictions on their use, and which restrictions can be temporary or permanent in nature. See SFAS 117 (ASC 958-205-45).
Enter the beginning-of-year balances of the organization's endowment funds for the current year and prior year. The amounts entered should agree with the organization's total permanent (true) endowment, temporarily restricted endowment, and quasi-endowment funds at the beginning of the current year and prior year.
Enter the amounts of current year and prior year contributions to the organization's endowment funds. These amounts include all donor gifts, grants, and contributions received, as well as additional funds established by the organization's governing board to function like an endowment, but that can be expended at any time at the discretion of the board.
Enter the current year and prior year net amounts of investment earnings, gains, and losses, including both realized or unrealized amounts. For earnings reported net of transaction costs, enter the net amount on line 1c. For earnings reported on a gross basis, enter the transaction costs on line 1f.
Enter the current year and prior year amounts distributed for grants or scholarships.
Enter the current year and prior year amounts distributed for facilities and programs. Amounts on this line should include withdrawn amounts, and amounts disinvested from an organization's quasi-endowments to reduce or eliminate capital investment.
Enter the current year and prior year administrative expenses charged to the endowment funds. These expenses can arise from either internal or third party sources.
Enter the year-end balances of the organization's endowment funds for the current year and prior year. To determine the year-end balances, add lines 1a, 1b, and investment earnings on line 1c, and subtract line 1c investment losses and the amounts on lines 1d through 1f.
Enter “Yes” if any of the organization's endowment funds are in the possession of and administered by unrelated organizations.
Enter “Yes” if any of the organization's endowment funds are in the possession of and administered by related organizations.
All related organizations are required to be reported on Schedule R. Enter “Yes” on line 3b if the organization answered “Yes” to line 3a(ii) and the organization listed all related organizations referred to on line 3a(ii) in Schedule R (Form 990).
Complete Part VI if the organization answered “Yes” on Form 990, Part IV, line 11a, and reported an amount on Form 990, Part X, line 10a or 10b, or column (B), line 10c. Reporting is required if any amount other than zero is reported on those lines.
Complete Part VII if the organization answered “Yes” on Form 990, Part IV, line 11b, or reported an amount in Form 990, Part X, column (B), line 12, that is 5% or more of the total assets reported on Form 990, Part X, column (B), line 16.
Other securities to be reported in this part include closely held stock. They also include (1) publicly-traded stock for which the organization holds 5% or more of the outstanding shares of the same class, and (2) publicly-traded stock in a corporation that comprised more than 5% of the organization's total assets at the end of the tax year. List each separate class of publicly-traded stock held by the organization that meets either of these 5% ownership tests. Do not include program-related investments.
Complete Part VIII if the organization answered “Yes” on Form 990, Part IV, line 11c, and reported an amount on Form 990, Part X, column (B), line 13, that is 5% or more of the total assets reported on Form 990, Part X, column (B), line 16.
Program-related investments are investments made primarily to accomplish the organization's exempt purposes rather than to produce income. Examples of program-related investments include student loans and notes receivable from other exempt organizations that obtained the funds to pursue the filing organization's exempt function.
Complete Part IX if the organization answered “Yes” on Form 990, Part IV, line 11d, or reported an amount on Form 990, Part X, column (B), line 15, that is 5% or more of the total assets reported on Form 990, Part X, column (B), line 16.
Complete Part X if the organization answered “Yes” on Form 990, Part IV, line 11e or line 11f, and either reported an amount on Form 990, Part X, column (B), line 25, or had financial statements for the tax year that include a footnote addressing the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Organizations are required to separately report all liabilities for federal income taxes and amounts owed to related organizations on Part X of this schedule.
Complete Parts XI and XII if the organization answered “Yes” on Form 990, Part IV, line 12a. If the organization answered “Yes” on Form 990, Part IV, line 12b (but answered “No” on line 12a), completing Parts XI and XII is optional.
If the organization did not receive audited financial statements for the reporting year for which it is completing this Form 990, it is not required to complete Parts XI or XII, even if it prepared Form 990 in accordance with SFAS 117 (ASC 958).
Use the reconciliation statements of Parts XI and XII to reconcile the differences between the revenue and expenses reported on the organization's audited financial statements prepared in accordance with SFAS 117 (ASC 958) and the revenue and expenses reported on the organization's Form 990.
On line 4a of Parts XI and XII, include only those investment expenses netted against investment income in the revenue portion of the organization's audited financial statements. Do not include program-related investment expenses or other expenses reported as program service expenses in the audited statement of activities.
Parts XI and XII do not have to be completed for group returns.
Complete Part XIII to provide narrative information required in the following.
Part II, lines 3, 5, and 9 (conservation easements).
Part III, lines 1a and 4 (collections of art, historical treasures, or other similar assets).
Part IV, lines 1b and 2b (escrow and custodial arrangements).
Part V, line 4 (endowment funds).
Part X, line 2 (note or footnote to financial statements regarding liability for uncertain tax positions).
Part XI, lines 2d and 4b (reconciliation of revenue).
Part XII, lines 2d and 4b (reconciliation of expenses).
Also use Part XIII to provide additional narrative explanations and descriptions, as needed. Identify the specific part and line number that the response supports in the order that it appears on Schedule D (Form 990). Part XIII can be duplicated if more space is needed.
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