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The Statement Of Functional Expenses explains the costs incurred for each functional area of the organization. The functional classifications include: programs, management and general and fundraising.
Complete Schedule N (Form 990 or 990-EZ), Liquidation, Termination, Dissolution or docHub Disposition of Assets. Include a description of the assets and any transaction fees, the date of distribution, the fair market value of the assets and information about the recipients of the assets.
Program Services Expenses Expenses incurred by an organization while performing its tax-exempt activities. Management and General Expenses Expenses related to the day-to-day operation of an organization. Included are items such as personnel, accounting, and legal services, general insurance, and office management.
Per the 990-PF Instructions: A deduction for depreciation is allowed only for property used in the production of income reported in the column, and only using the straight line method of figuring depreciation.
Federal law requires a tax-exempt charitable nonprofit that is dissolving to distribute its remaining assets ONLY to another tax-exempt organization or to the federal government or a state or local government for a public purpose.
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Part IX is laid out like a spreadsheet with the line items being the rows, with three columns for each expense: Program services expenses. Management and general expenses, and. Fundraising expenses.
Indeed, Form 990 instructions define fundraising expenses as total expenses incurred in soliciting contributions, gifts, grants, etc. Organizations are instructed to report as fundraising expenses, including allocable over- head costs, incurred insoliciting bequests and grants from foundations or other
Contains the following three sections: Governing Body and Management, Policies, and Disclosure. These questions are meant to provide information regarding the organizations governance, internal policies, and if and how the organization discloses to the public its 990 and policies.

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