Q&A

Form 1023 financial data

It says we need to attach an itemized spreadsheet showing the sources and amounts to substantiate our totals. Does anyone have a suggestion for the easiest and clearest way to present this to them? Am I making it more difficult than it needs to be? Can we just include our itemized budget or do I need to go through and mark which line item on the form goes with which line item on the 1023
- msnethen

You need to pull out the appropriate items and list them on a separate sheet.

For Part IX, section A you'll need two or three groupings -- you can list them all on the same sheet; just be sure to label which section belongs to which line. For line 9, attach financials for your revenue sources (fundraisers). Line 14 is fundraising expenses. You can list the expenses by fundraiser -- they don't need to be itemized in any more detailed way. Line 15 is for contributions and grants, if you have any.

If you're a new group, you'll need to include projections for the next two years. If your group has been around for awhile, you'll need to list numbers for the previous three years.

Also, be sure to use your group's name and EIN as a header on the page.

If you haven't seen it yet, I'd strongly recommend our PTO Startup Toolkit. It walks you through form 1023 line by line, and includes sample attachments.

Good luck!
- Craig
Links in this post:

PTO Startup Toolkit: https:/classic.ptotoday.com//startup-guide