OMB Form 1647-B
Rev. September 2012
The audited financial statements must verify
the federation is honoring designations made to
each member organization by distributing a
proportionate share of receipts based on donor
designations to each member. The IRS Form 990
and audited financial statements must cover the
same fiscal period and be prepared using the
accrual basis of accounting.
The audit requirement is waived for newly created
federations operating for less than a year as
determined from the date of its IRS tax-exemption
letter to the closing date of the CFC application
period.
Item 5
Check the appropriate box. Include as
Attachment D a copy of the complete, signed
IRS Form 990 for a period ended not more
than 18 months prior to January 2013. The IRS
Form 990 must include a signature in the block
marked “Signature of officer”; the preparer’s
signature alone is not sufficient. Organizations
that file the IRS Form 990 electronically may
submit a signed copy of the IRS Form 8879-EO or
IRS Form 8453-EO in lieu of a signature on the
IRS Form 990.
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’ 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. Failure to clarify
the difference or to timely file an amended IRS
Form 990 with the IRS may result in the denial of
the application. Please review CFC Memoranda
2009-8 and 2010-5 for additional information on
the IRS Form 990 requirements, including the
presentation of the governing body and expenses.
A complete IRS Form 990 is required including all
supplemental statements and Schedule A, if
applicable, for the applicant federation to be
eligible for the CFC. If the IRS does not require
the federation to file the Form 990 (long form), it
must complete and submit a pro forma IRS Form
990 (see instructions below). IRS Forms 990EZ,
990PF, and comparable forms will not be accepted.
Organizations that use these forms must submit a
pro forma IRS Form 990.
Pro forma IRS Form 990 Instructions – The
IRS Form 990 can be downloaded from the IRS
website (www.irs.gov). The following sections
must be completed: Page 1, Items A-M; Part I
(Summary), Lines 1-4 only; Part II (Signature
Block); Part VII (Compensation section A only);
Part VIII (Statement of Revenues), Part IX
(Statement of Functional Expenses) and; Part XII
(Financial Statements and Reporting).
The IRS Form 990 and audited financial
statements must be prepared using the accrual
method of accounting and cover the same fiscal
period ended not more than 18 months prior to
January 2013 (i.e. ending on or after June 30,
2011).
Item 6
Calculate and enter the federation’s annual
percentage for administrative and fundraising
expenses based the formula below.
Add the amount in Part IX (Statement of
Functional Expenses), Line 25, Column C
(Management and General Expenses) to the
amount in Line 25, Column D (Fundraising
Expenses), and divide the sum by Part VIII
(Statement of Revenue), Line 12, Column A (Total
Revenue).
No other methods may be used to calculate this
percentage. All percentages must be listed to the
tenth of a percent (e.g. 15.7%).
Charities which do not reflect administrative and
fundraising expenses in the Statement of
Functional Expenses of the IRS Form 990,
resulting in a 0% rate, but show such expenses on
the audited financial statement will be denied
unless the audited financial statements specifically
state that these services were donated.
Item 7
Each federation must include as Attachment E
a complete listing of the federation’s board of
directors and the beginning and end dates of
each board member’s current term of office