OPM Form 1647-C
Rev. September 2012
5
certifying official must certify that the
organization accounts for its funds in
accordance with GAAP and has an audit of its
fiscal operations completed annually by an
independent certified public accountant in
accordance with GAAS. The organization is not
required to submit a copy of the audited financial
statements with the CFC application. However,
the information must be provided to OPM or the
LFCC upon request. Note that GAAP requires the
use of the accrual method of accounting. No other
basis of accounting is acceptable under GAAP.
The cash basis, m odified cash basis, modified
accrual, and any other methods are not acceptable.
OR
Organizations with total revenue of less
than $100,000: the certifying official must
certify the organization has controls in place to
ensure funds are properly accounted for and it
can provide accurate timely financial
information to interested parties. It is not
required to submit financial documentation with
the CFC application or m aintain its financial
records in accordance with GAAP.
Bona-fide chapters or local affiliates of a national
organization that are not separately incorporated
whose pro forma IRS Form 990 reports revenues
over $250,000 and whose financial operations are
covered by an audit of the national organization
may submit the national organization’s audited
financial statements together with a certification
from the national organization’s Chief Executive
Officer (CEO) or CEO equivalent stating that it
operates as a bona-fide affiliate in good standing
of the national organization and is covered by the
national organization’s 26 U.S.C. 501(c)(3) tax
exemption, IRS Form 990 and audited financial
statements. (See requirements under Item #2 for
bona-fide chapters or local affiliates.)
Bona-fide chapters of a national organization that
are not separately incorporated whose pro forma
IRS Form 990 reports revenues of at least
$100,000 but less than $250,000 and whose
financial operations are covered by an audit of the
national organization may certify it has an audit of
its fiscal operations completed annually if it, at the
time of the certification, is in good standing of the
national organization a nd is covered by the
national organization’s 26 U.S.C. 501(c)(3) tax
exemption, IRS Form 990 and audited financial
statements. This organization is not required to
submit with its application the national
organization’s audited financial statem ents.
However, it m ust be able to supply this
documentation to the LFCC or OPM upon request.
(See requirements under Item #2 for bona-fide
chapters or local affiliates.)
Item 6
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 (i.e. June
30, 2011). The IRS Form 990 must include a
signature in the block m arked “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 com pare the num ber of voting
members disclosed in Part I, Line 3 with the
number of individuals that have the ‘individual
trustee or director’ or ‘institutional trustee’
position selected in Part VII, Colum n 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 inform ation 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 schedules, if
applicable, with the exception of Schedule B, 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 (see instructions
below). IRS Forms 990EZ, 990PF, and
comparable forms will not be accepted.
Organizations that file these forms must submit a
pro forma IRS Form 990.
Pro forma IRS Form 990 Instructions – The
IRS Form 990 (long form ) can be downloaded