Form 990-T Schedule A - Schedule of Unrelated
Business Income

This part requires you to report the costs related to the inventory and
goods sold.

At the top of Part III, enter the method of inventory valuation.

• Enter the value of inventory at the beginning and end of the tax year, including purchases, labor costs, and other costs.
• Use this information to calculate and indicate the Cost of goods sold.

All organizations that have applicable rent income (except section 501(c)(7), (9), and (17) organizations) should complete this part.

• Provide details (street address, city, state, ZIP code) about the properties.
• Based on the percentage of rents received or accrued, enter the rents received from personal property, real property, and total rents. Then, calculate and report the total deductions.

This part is used to compute unrelated debt-financed income described in Sections 512(b)(4) and 514 from debt-financed properties. (Only when this income doesn’t constitute income from the conduct of an unrelated trade or business and isn't specifically taxable under other provisions of the Code).

• Provide details regarding the debt-financed properties, gross income from or allocable to those properties, deductions, and depreciation.
• Enter the total gross income, total allocable deductions, and total dividends.

As the name indicates, this part requires information regarding interest, annuities, royalties, and rents from both exempt and nonexempt controlled organizations.

Provide details regarding the name and EIN of the controlled organizations, net unrelated income, taxable income, and deductions.

This part requires information about your organization's investment income.

Report all the income generated from the organization’s investments in securities and other similar investment income from nonmembers, including 100% of income from debt-financed property.

Exempt organizations with gross income from an unrelated trade or business activity that exploits an exempt activity (other than periodical advertising income reportable in Schedule A Part IX) must complete this part of 990-T Schedule A.

Describe the exploited activity and provide details regarding the gross and net income and expenses of that activity.

The exempt organizations that generated gross income from the sale of advertising in an exempt organization periodical are required to complete this part.

Enter the name of the periodicals and report the gross advertising income, advertising, and readership expenses for each periodical.

This part requires information on the compensation made to your organization’s Officers, Directors, and Trustees.

Enter the required details about your officers, directors, and trustees, such as name, title, percentage of time devoted to business, and compensation attributable to unrelated business, in the corresponding columns.

This part requires details about your organization’s operations. It also allows you to provide information on lines that don’t have an embedded attachment, information to supplement embedded attachments, or any other information about amounts reported on the Schedule.

Note: Suppose an organization associated its unrelated trade or business activity with a different NAICS or Business Activity Code during a prior year than the one shown on Schedule A for the current tax year. They can use this part to provide an explanation regarding the reason for the change.