What information is requested in Part X of Form 1023?
Part X of Form 1023 combines in one place information needed to rule on several related issues:
Classification of the organization as a private foundation or public charity ; and
- Request for classification as a private operating foundation.
For organizations that are private foundations, Part X secures information needed to verify that organizing documents comply with requirements relating to the private foundation excise taxes. For organizations requesting public charity status, Part X cross-references required schedules.