990-T Exempt Organization Business Income Tax Return

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I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 990-T, PAGE 1 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO FOOT
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 559mm (22"), TOP FOLD TO: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: ON FOLD

Date

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form

990-T

Department of the Treasury
Internal Revenue Service

408(e)
408A

)
220(e)
530(a)

529(a)
C Book value of all assets
at end of year

Signature

O.K. to print
Revised proofs
requested

OMB No. 1545-0687

(and proxy tax under section 6033(e))

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For calendar year 2006 or other tax year beginning
©

Check box if
address changed
B Exempt under section
)(

Date

Exempt Organization Business Income Tax Return

Name of organization (

A

501(

Action

, 2006, and ending

2006

, 20

See separate instructions.

Check box if name changed and see instructions.)

D Employer identification number
(Employees’ trust, see instructions for Block D
on page 7.)

Print or
Type

Number, street, and room or suite no. If a P.O. box, see page 7 of instructions.

E Unrelated business activity codes
(See instructions for Block E on page 7.)

City or town, state, and ZIP code

F Group exemption number (See instructions for Block F on page 7.) ©
G Check organization type ©
501(c) corporation
501(c) trust
401(a) trust
H Describe the organization’s primary unrelated business activity. ©
©
I During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?
If “Yes,” enter the name and identifying number of the parent corporation. ©
J The books are in care of ©
Telephone number © (
)

Part I
1a
b
2
3
4a
b
c
5
6
7
8
9
10
11
12
13

Gross receipts or sales
Less returns and allowances
c Balance ©
Cost of goods sold (Schedule A, line 7)
Gross profit. Subtract line 2 from line 1c
Capital gain net income (attach Schedule D)
Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797)
Capital loss deduction for trusts
Income (loss) from partnerships and S corporations (attach statement)
Rent income (Schedule C)
Unrelated debt-financed income (Schedule E)
Interest, annuities, royalties, and rents from controlled
organizations (Schedule F)
Investment income of a section 501(c)(7), (9), or (17)
organization (Schedule G)
Exploited exempt activity income (Schedule I)
Advertising income (Schedule J)
Other income (See page 9 of the instructions; attach schedule.)
Total. Combine lines 3 through 12

Part II
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

Unrelated Trade or Business Income

(A) Income

(B) Expenses

Other trust
Yes

No

(C) Net

1c
2
3
4a
4b
4c
5
6
7
8
9
10
11
12
13

Deductions Not Taken Elsewhere (See page 9 of the instructions for limitations on deductions.)
(Except for contributions, deductions must be directly connected with the unrelated business income.)

14
Compensation of officers, directors, and trustees (Schedule K)
15
Salaries and wages
16
Repairs and maintenance
17
Bad debts
18
Interest (attach schedule)
19
Taxes and licenses
20
Charitable contributions (See page 11 of the instructions for limitation rules.)
21
Depreciation (attach Form 4562)
22a
22b
Less depreciation claimed on Schedule A and elsewhere on return
23
Depletion
24
Contributions to deferred compensation plans
25
Employee benefit programs
26
Excess exempt expenses (Schedule I)
27
Excess readership costs (Schedule J)
28
Other deductions (attach schedule)
29
Total deductions. Add lines 14 through 28
Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line 13 30
31
Net operating loss deduction (limited to the amount on line 30)
32
Unrelated business taxable income before specific deduction. Subtract line 31 from line 30
33
Specific deduction (Generally $1,000, but see line 33 instructions for exceptions.)
Unrelated business taxable income. Subtract line 33 from line 32. If line 33 is greater than line
32, enter the smaller of zero or line 32
34

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Cat. No. 11291J

Form

990-T

(2006)

Overset

I.R.S. SPECIFICATIONS

2

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 990-T, PAGE 2 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO FOOT
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 559mm (22"), TOP FOLD TO: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: ON FOLD

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 990-T (2006)

Part III

Page

Tax Computation

2

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35

Organizations Taxable as Corporations. See instructions for tax computation on page 13.
See instructions and:
Controlled group members (sections 1561 and 1563) check here ©
a Enter your share of the $50,000, $25,000, and $9,925,000 taxable income brackets (in that order):
(1) $
(2) $
(3) $
b Enter organization’s share of: (1) Additional 5% tax (not more than $11,750) $
$
(2) Additional 3% tax (not more than $100,000)
© 35c
c Income tax on the amount on line 34
36 Trusts Taxable at Trust Rates. See instructions for tax computation on page 14. Income tax on
36
©
the amount on line 34 from:
Tax rate schedule or
Schedule D (Form 1041)
37
©
37 Proxy tax. See page 14 of the instructions
38
38 Alternative minimum tax
39 Total. Add lines 37 and 38 to line 35c or 36, whichever applies
39

Part IV

Tax and Payments

40a
40a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116)
40b
b Other credits. See page 14 of the instructions.
c General business credit. Check here and indicate which forms are attached:
40c
Form 3800
Form(s) (specify) ©
40d
d Credit for prior year minimum tax (attach Form 8801 or 8827)
e Total credits. Add lines 40a through 40d
41 Subtract line 40e from line 39
42 Other taxes. Check if from:
Form 4255
Form 8611
Form 8697
Form 8866
Other (attach schedule)
43 Total tax. Add lines 41 and 42
44a
44a Payments: A 2005 overpayment credited to 2006
44b
b 2006 estimated tax payments
44c
c Tax deposited with Form 8868
44d
d Foreign organizations: Tax paid or withheld at source (see instructions)
44e
e Backup withholding (see instructions)
44f
f Credit for federal telephone excise tax paid (attach Form 8913)
g Other credits and payments:
Form 2439
44g
Form 4136
Other
Total ©
45 Total payments. Add lines 44a through 44f
46 Estimated tax penalty (see page 4 of the instructions). Check if Form 2220 is attached ©
©
47 Tax due. If line 45 is less than the total of lines 43 and 46, enter amount owed
©
48 Overpayment. If line 45 is larger than the total of lines 43 and 46, enter amount overpaid
49 Enter the amount of line 48 you want: Credited to 2007 estimated tax ©
Refunded ©
Statements Regarding Certain Activities and Other Information (see instructions
Part V
1

2
3

40e
41
42
43

45
46
47
48
49
on page 16)

At any time during the 2006 calendar year, did the organization have an interest in or a signature or other authority over Yes No
a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
If “Yes,” the organization may have to file Form TD F 90-22.1. If “Yes,” enter the name of the foreign country
here ©
During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?
If “Yes,” see page 5 of the instructions for other forms the organization may have to file.
Enter the amount of tax-exempt interest received or accrued during the tax year © $

Schedule A—Cost of Goods Sold. Enter method of inventory valuation
1
2
3
4a

Inventory at beginning of year
Purchases
Cost of labor
Additional section 263A costs
(attach schedule)
b Other costs (attach schedule)
5 Total. Add lines 1 through 4b

Sign
Here

1
2
3

©

6

6 Inventory at end of year

7 Cost of goods sold. Subtract line
6 from line 5. Enter here and in
Part I, line 2
7
8 Do the rules of section 263A (with respect to Yes No
property produced or acquired for resale) apply
to the organization?

4a
4b
5

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,
correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

©

©

Signature of officer

Paid
Preparer’s
Use Only

Preparer’s
signature

Date

©

Firm’s name (or
yours if self-employed),
address, and ZIP code

Title
Date

©

May the IRS discuss this return with
the preparer shown below (see
instructions)?
Yes
No

Preparer’s SSN or PTIN

Check if
self-employed
EIN
Phone no.

(

)
Form

990-T

(2006)

2
I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 990-T, PAGE 3 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO FOOT
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 559mm (22"), TOP FOLD TO: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: ON FOLD

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 990-T (2006)

Page

3

Schedule C—Rent Income (From Real Property and Personal Property Leased With Real Property)
(see instructions on page 17)
1 Description of property
(1)
(2)
(3)
(4)

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2 Rent received or accrued
(a) From personal property (if the percentage of rent
for personal property is more than 10% but not
more than 50%)

(b) From real and personal property (if the
percentage of rent for personal property exceeds
50% or if the rent is based on profit or income)

(1)
(2)
(3)
(4)

Total

Total

3 Deductions directly connected with the income in
columns 2(a) and 2(b) (attach schedule)

Total deductions. Enter
here and on page 1, Part I,
©
line 6, column (B)

Total income. Add totals of columns 2(a) and 2(b). Enter
©
here and on page 1, Part I, line 6, column (A)

Schedule E—Unrelated Debt-Financed Income (see instructions on page 17)
1 Description of debt-financed property

2 Gross income from or
allocable to debt-financed
property

3 Deductions directly connected with or allocable to
debt-financed property
(b) Other deductions
(a) Straight line depreciation
(attach schedule)
(attach schedule)

(1)
(2)
(3)
(4)
4 Amount of average
acquisition debt on or
allocable to debt-financed
property (attach schedule)

5 Average adjusted basis of
or allocable to
debt-financed property
(attach schedule)

6 Column 4
divided by
column 5

7 Gross income reportable
(column 2 3 column 6)

8 Allocable deductions
(column 6 3 total of columns
3(a) and 3(b))

%

(1)
(2)

%

(3)

%

(4)

%
Enter here and on page 1, Enter here and on page 1,
Part I, line 7, column (A). Part I, line 7, column (B).
©

Totals
Total dividends-received deductions included in column 8

©

Schedule F—Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions on page 18)
Exempt Controlled Organizations
1 Name of Controlled
Organization

2 Employer
Identification Number

3 Net unrelated income
(loss) (see instructions)

4 Total of specified
payments made

5 Part of column 4 that is
included in the controlling
organization’s gross income

6 Deductions directly
connected with income
in column 5

(1)
(2)
(3)
(4)

Nonexempt Controlled Organizations
7 Taxable Income

8 Net unrelated income
(loss) (see instructions)

10 Part of column 9 that is
included in the controlling
organization’s gross income

9 Total of specified
payments made

11 Deductions directly
connected with income in
column 10

(1)
(2)
(3)
(4)
Add columns 5 and 10.
Add columns 6 and 11.
Enter here and on page 1, Enter here and on page 1,
Part I, line 8, column (A).
Part I, line 8, column (B).

Totals

©
Form

990-T

(2006)

2
I.R.S. SPECIFICATIONS

TO BE REMOVED BEFORE PRINTING

INSTRUCTIONS TO PRINTERS
FORM 990-T, PAGE 4 of 4
MARGINS: TOP 13mm (1⁄ 2 "), CENTER SIDES.
PRINTS: HEAD TO FOOT
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
1
FLAT SIZE: 216mm (8 ⁄ 2 ") 3 559mm (22"), TOP FOLD TO: 216mm (81⁄ 2 ") 3 279mm (11")
PERFORATE: ON FOLD

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 990-T (2006)

Page

4

Schedule G—Investment Income of a Section 501(c)(7), (9), or (17) Organization

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(see instructions on page 19)
1 Description of income

2 Amount of income

(1)
(2)
(3)
(4)

3 Deductions
directly connected
(attach schedule)

Enter here and on page 1,
Part I, line 9, column (A).
©

Totals

5 Total deductions
and set-asides (col. 3
plus col. 4)

4 Set-asides
(attach schedule)

Enter here and on page 1,
Part I, line 9, column (B).

Schedule I—Exploited Exempt Activity Income, Other Than Advertising Income
(see instructions on page 19)

1 Description of exploited activity

2 Gross
unrelated
business income
from trade or
business

3 Expenses
directly
connected with
production of
unrelated
business income

Enter here and on
page 1, Part I,
line 10, col. (A).

Enter here and on
page 1, Part I,
line 10, col. (B).

(1)
(2)

4 Net income
(loss) from
unrelated trade
or business
(column 2 minus
column 3). If a
gain, compute
cols. 5 through 7.

5 Gross income
from activity that
is not unrelated
business income

6 Expenses
attributable to
column 5

7 Excess exempt
expenses
(column 6 minus
column 5, but not
more than
column 4).

(3)
(4)
Enter here and
on page 1,
Part II, line 26.

©

Totals

Schedule J—Advertising Income (see instructions on page 19)
Part I
Income From Periodicals Reported on a Consolidated Basis
2 Gross
advertising
income

1 Name of periodical

3 Direct
advertising costs

4 Advertising
gain or (loss) (col.
2 minus col. 3). If
a gain, compute
cols. 5 through 7.

6 Readership
costs

5 Circulation
income

7 Excess
readership costs
(column 6 minus
column 5, but not
more than
column 4).

(1)
(2)
(3)
(4)

Totals (carry to Part II, line (5))

Part II

©

Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fill in
columns 2 through 7 on a line-by-line basis.)

(1)
(2)
(3)
(4)
(5)

Totals from Part I
Enter here and on
page 1, Part I,
line 11, col. (A).

Enter here and on
page 1, Part I,
line 11, col. (B).

Enter here and
on page 1,
Part II, line 27.

©

Totals, Part II (lines 1-5)

Schedule K—Compensation of Officers, Directors, and Trustees (see instructions on page 20)
1 Name

2 Title

3 Percent of
time devoted to
business

4 Compensation attributable to
unrelated business

%
%
%
%
©

Total. Enter here and on page 1, Part II, line 14
Printed on recycled paper

Form

990-T

(2006)