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Under the tax law, a section 501(c)(3) organization is presumed to be a private foundation unless it requests, and qualifies for, a ruling or determination as a public charity.
The following organizations cannot file Form 990-N (the e-Postcard) but must file different forms instead: Gross receipts over $50,000: Tax-exempt organizations with annual gross receipts that are normally greater than $50,000 must file Form 990PDF or Form 990-EZPDF. Private foundations must file Form 990-PFPDF.
The IRS classifies every section 501(c)(3) organization as either a private foundation or a public charity. A private foundation is typically controlled and funded by an individual or family: The Bill Melinda Gates Foundation is a well-known example.
The Form 990-PF, entitled Return of Private Foundation is a report that must be filed each year with the Internal Revenue Service (IRS) by organizations exempt from Federal income taxes under section 501 of the Internal Revenue Code, and whose annual receipts are normally more than $25,000 a year.
Private nonoperating foundations fall under 501(c)(3) of the IRC and must complete the Form 1023, Application for Recognition of Exemption. As of Jan. 31, 2020, Form 1023 must be submitted via an online application, and a user fee is required.
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Form 990-PF must be filed by the 15th day of the 5th month following the close of the organizations accounting period. If the foundation is on a calendar year, or if it has no established accounting period, the return will be due May 15 each year.

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