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ProForma 990 2010 by 4JG85w

VIEWS: 35 PAGES: 7

									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.
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
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.
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.
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.
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.
                                                   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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