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990

neeter83
Level 2

Where do I report donations for a building on the 990?

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6 Comments 6
sjrcpa
Level 15

Donations received?

Or donations made ?


Ex-AllStar
neeter83
Level 2

Received

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IRonMaN
Level 15

Contributions sounds like a good spot.


Slava Ukraini!
neeter83
Level 2

They are not contributions

 

IRonMaN
Level 15

If donations aren't contributions, what are they?

Out of curiosity, have you previously prepared any 990 returns?


Slava Ukraini!
qbteachmt
Level 15

"They are not contributions"

Are they Loans to be repaid? Are they Promises (pledges)?

They are Pledges if they would be returned upon failure to build that building. Otherwise, they are Restricted Funds, as Contribution to the project.

If you know something you are not telling us, you should include it while we are trying to be helpful.

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