Exempt Organization Business Income Tax Return OMS No (and proxy tax under section 6033(e))

Transcription

1 Form 99-T Department of the Treasury Internal Revenue Serv1ce Exempt Organization Business Income Tax Return OMS No (and proxy tax under section 633(e)) For calendar year 215 or other tax year begi nning 7/1 215, and ending 6/ ,. Information about Form 99-T and its instructions is available at Do not enter SSN numbers on this form as it may be made public if your organization is a 51(c). A Check box if D Check box if name changed and see instructions. D address changed B 215 ~en to Public Inspection for I 1{c) Organizations Only Employer identification number (Employees' trust, see instructions.) B Exempt under section Print THE AGRICULTURAL FOUNDATION OF o r CALIFORNIA STATE UNIVERSITY, FRESNO ~51( c )( 3) Type 2771 EAST SHAW AVENUE 48(e) 22(e) E FRESNO, CA 9371 Unrelated business activity codes (See instructions.) 48A 53(a) 529(a) ~ 51 (c) corporation D 51 (c) trust D 41 (a) trust D Other trust c Book value of all assets at F Group exemption number (See instructions.).,. end of year 5,13,224. G Check organization type H Descrrbe the organ1zat1on's pnmary unrelated bus1ness act1v1ty..,. WINE SALES & FARM MKT During the tax year, was the corporation a subsidiary in an affiliated group or a parent-subsidiary controlled group?...._ DYes If 'Yes,' enter the name and identifying number of the parent corporation...._ J The books are in care of.,. KATE TUCKNESS Telephone number., I Part I I Unrelated Trade or Business Income (A) Income (B) Expenses (C) Net 1 a Gross receipts or sales ,343. b Less returns and allowances.... c Balance.,. 1 c 698, Cost of goods sold (Schedule A, line 7) ,65. 3 Gross profit. Subtract line 2 from line 1 c , ,738. 4a Capital gain net income (attach Schedule D) a b Net gain (loss) (Form 4797, Part II, line 17) (attach Form 4797).... c Capital loss deduction for trusts c 5 Income (loss) from partnerships and S corporations (attach statement) Rent income (Schedule C) Unrelated debt-financed income (Schedule E) Interest, annuities, royalties, and rents from controlled organizations (Schedule F) Investment income of a section 51(c)(7), (9), or (17) organization (Sch G) Exploited exempt activity income (Schedule I) Advertising income (Schedule J) Other income (See instructions; attach schedule) b Total. Combine lines 3 through I Part II 1 Deductions Not Taken Elsewhere (See instructions for limitations on deductions) (Except for contnbut1ons, deductions must be d1rectl connected w1th the unrelated bus1ness 1ncome.) 14 Compensation of officers, directors, and trustees (Schedule K) ~~ Salaries and wages , 13. r---r-----~~~~~ 16 Repairs and maintenance ,426. ~~------~~~~~ 17 Bad debts r---r Interest (attach schedule) ~~ Taxes and licenses ~~ Charitable contributions (See instructions for limitation rules) r-~r Depreciation (attach Form 4562) , Less depreciation claimed on Schedule A and elsewhere on return a 22 b 26, Depletion ~~ Contributions to deferred compensation plans r---r Employee benefit programs , 354. ~~ ~~~~ 26 Excess exempt expenses (Schedule 1) Excess readership costs (Schedule J) ~~ Other deductions (attach schedule) S~~.. S~~~~!l!~nt.. ~ r-,2""'8:: ,...2"""'6 -=---, s=-3=-6 -= Total deductions. Add lines 14 through , Unrelated business taxable income before net operating loss deduction. Subtract line 29 from line ~-'= 3 =- o :_-=3,_,3::...,'--3~8.:::3'-'-. 31 Net operating loss deduction (limited to the amount on line 3) Unrelated business taxable income before specific deduction. Subtract line 31 from line t--=32=-r _...,3,...,3=-,- 3-= , Specific deduction (Generally $1,, but see line 33 instructions for exceptions) r:=-~r ~~~-- 34 Unrel ated business taxable income. Subtract line 33 from line 32. If line 33 is greater than line 32, enter the smaller of zero or line , BAA For Paperwork Reduction Act Notice, see instructions. TEEA25l Form 99-T (215) ~No!

2 ' Form 99-T (215) THE AGRICULTURAL FOUNDATION OF Page 2 1 Part Ill I Tax Computation 35 Organizations Taxable as Corporations. See instructions for tax computation. Controlled group members (sections 1561 and 1563) check here... D See instructions and: a Enter your share of the $5,, $25,, and $9,925, taxable income brackets (in that order): <1 > I$ I I$ I <3> I$ I b Enter organization's share of: Additional 5% tax (not more than $11,75) I$ Add itional 3% tax (not more than $1,) ' '.. I$ c Income tax on the amount on line '... ' c. 36 Trusts Taxable at Trust Rates. See instructions for tax computation. Income tax on the amount on line 34 from: Tax rate schedule or ScheduleD (Form 141) Proxy tax. See instructions Alternative minimum tax Total. Add lines 37 and 38 to line 35c or 36, whichever applies I Part IV I Tax and Payments 4a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116)... 4a b Other credits (see instructions) b c General business credit. Attach Form 38 (see instructions) c d Credit for prior year minimum tax (attach Form 881 or 8827) d e Total credits. Add lines 4a through 4d e. 41 Subtract line 4e from line Other taxes. Check if from: Form 4255 Form 8611 Form 8697 Form 8866 Other (attach schedule) Total tax. Add lines 41 and a Payments: A 214 overpayment credited to a b 215 estimated tax payments b c Tax deposited with Form c d Foreign organizations: Tax paid or withheld at source (see instructions)... 44d e Backup withholding (see instructions) ' e f Credit for small employer health insurance premiums (Attach Form 8941)..... g Other credits and payments: Form 2439 Form 4136 OOther Total g 45 Total payments. Add lines 44a through 44g Estimated tax penalty (see instructions). Check if Form 222 is attached D Tax due. If line 45 is less than the total of lines 43 and 46, enter amount owed Overpayment. If line 45 is larger than the total of lines 43 and 46, enter amount overpaid , Enter the amount of line 48 you want: Credited to 216 estimated tax.,. I Refunded.,. 49 I Statements Regarding Certain Activities and Other Information (see instructions) 1 At any time during the 215 calendar year, did the organization have an interest in or a signature or other authority over a Yes No financial account (bank, securities, or other) in a foreign country? If YES, the organization may have to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts. If YES, enter the name of the foreign country here... X 2 During the tax year, did the organization receive a distribution from, or was it the grantor of, or transferor to, a foreign trust?. X If YES, see instructions for other forms the organization may have to file. 3 Enter the amount of tax-exempt interest received or accrued during the tax year... $.!Part V Schedule A - Cost of Goods Sold. Enter method of 1nventory valuat1on... COST 1 Inventory at beginning of year Inventory at end of year Purchases Cost of goods sold. Subtract 3 Cost of labor ,65. line 6 from line 5. Enter here and in Part I, line ,65. 4 a Additional section 263A costs (attach schedule) Yes No.... ' ' a b 8 Do the rules of section 263A (with respect to Other costs 4b (attach sch} property produced or acquired for resale) apply 5 Total. Add lines V"1'firough 4~ ,65. to the organization? X Sign Here U:~alti;~l ~~tha~m~ned this return, InCluding accompany1n3 schedules and statements, and to the best of my knowledge and be ef, ' is true, rrec nd comp te., Declar of pre parer (other than taxpayer) is base on all information of which preparer has any knowledge. ~ :J~ ' k l/2 - o/- / (.- ~ Chairman IM.ay the IRS o!scuss. tn1s return with the preparer shown below (see S1gn~ of 6fficer, Date Title instructions)? ~ Yes o PrinVType preparer's name I Prepa~~ "':J_ 44f CFE l7o ;,~lit> Check if Paid Pre- Fausto Hinoiosa CPA CFE Faus o Hinoil sa,( CPA self employed P ~arer F~rm's name... Price Paiae and Comoanv Firm's EIN se Firm's address.,. 677 Scott Avenue Only Cl ovis CA Phone no. (559) BAA TEEA22L 111 2/15 Form 99-T (21 5) I PTIN No

3 . Form 99-T (215) THE AGRICULTURAL FOUNDATION OF Page 3 Schedule C - Rent Income (From Real Property and Personal Property Leased With Real Property) (see instructions) Description of property 2 Rent received or accrued 3(a) Deductions directly connected with (a) From personal property (b) From real and personal property the income in columns 2(a) and 2(b) (if the percentage of rent for gersonal (if the percentage of rent for personal (attach schedule) property is more than 1% ut not property exceeds 5% or if the rent is more than 5%) based on profit or income) Total Total (b) Total deductions. Enter (c) Total income. Add totals of columns 2(a) and 2(b). Enter liere and on page 1, Part here and on page 1, Part I, line 6, column (A) I, line 6, column (B) Schedule E - Unrelated Debt-Fmanced Income (see mstruct1ons) 3 Deductions directly connected with or allocable to 2 Gross income from debt-financed property 1 Description of debt-financed property or allocable to debt- financed property (a) Straight line (b) Other deductions depreciation (attach sch) (attach schedule) 4 Amount of average 5 Average adjusted basis of 6 Column 4 7 Gross income 8 Allocable deductions acquisition debt on or or allocable to debt-financed divided bs reportable (column 2 x (column 6 x total of allocable to debt-financed property (attach schedule) column column 6) columns 3(a) and 3(b)) property (attach schedule) le le le % Enter here and on page 1, Enter here and on page 1, Part I, line 7, column (A). Part I, line 7, column (B). Totals ' ' Total dividends-received deductions included in column Schedule F - Interest, Annu1tles, Royalt1es, and Rents From Controlled Orgamzat1ons (see instructions) Exempt Controlled Organizations 1 Name of controlled 2 Employer 3 Net unrelated 4 Total of specified 5 Part of column 4 6 Deductions directly organization identification income (loss) payments made that is included in connected with number (see instructions) the controlling income in column 5 organization's gross income Nonexempt Controlled Organ1zat1ons 7 Taxable Income 8 Net unrelated 9 Total of specified 1 Part of column 9 that is 11 Deductions directly income (loss) payments made included in the controlling connected with income (see instructions) organization's gross income in column 1 Add columns 5 and 1. Enter here and on page 1, Part I, line 8, column (A). Add columns 6 and 11. Enter here and on page 1, Part I, line 8, column (B). Totals BAA TEEA23L 1/1 2/15 Form 99-T (215)

4 For~ 99-T (215) THE AGRICULTURAL FOUNDATION OF Page 4 Schedule G - Investment Income of a Section 51(cX7), (9), or (17) Organization (see instructions) 3 Deductions 4 Set-asides 5 Total deductions and 1 Description of income 2 Amount of income directly connected (attach schedule) set-asides (column 3 (attach schedule) plus column 4) Enter here and on page 1, Part I, line 9, column (A). Enter here and on page 1, Part I, line 9, column (8). Totals '.. Schedule I - Exploited Exempt Act1v1ty Income, Other Than Advert1smg Income (see 1nstruct1ons) 2 Gross 3 Expenses directly 4 Net income (loss) 5 Gross income from 6 Expenses 7 Excess exempt unrelated connected with from unrelated trade activity that is not attributable to expenses (column 6 1 Description of exploited activity business production or business (column unrelated business column 5 minus column 5, but income from of unrelated 2 minus column 3). income not more than trade or business income If a gain compute column 4). business columns 5 through 7. Enter here and Enter here and on rage 1, on page 1, Part line 1, Part I, l1ne 1, column (A). column (8). Enter here and on page 1, Part II, line 26. Totals Schedule J - Advertising Income (See instructions) I Part I jlncome From Periodicals Reported on a Consolidated Basis 2 Gross 3 Direct 4 Advertisin~ gain or 5 Circulation 6 Readership 7 Excess readership advertising advertising (loss) (col minus income costs costs (col 6 minus col 1 Name of periodical income costs col 3). If a gain, 5, but not more than compute col 5 col 4). through 7. I I Totals (carry to Part II, line (5)) I Part II I Income From Periodicals Reported on a Separate Basis (For each periodical listed in Part II, fi ll in columns 2 through 7 on a lme-by-line bas1s) 1 Name of periodical 2 Gross 3 Direct 4 Advertising gain or 5 Circulation 6 Readership 7 Excess readership advertising advertising (loss) (col 2 minus income costs costs (col 6 minus col income costs col 3). If a gain, 5, but not more than compute cols 5 col 4). throuqh 7. Totals from Part I Enter here and Enter here and on rage 1, on page 1, Part line 11, Part I, lme 11, column (A) column (8). Totals, Part II (lines 1-5) Schedule K - Compensation of Officers, Directors, and Trustees (see instructions) Enter here and on page 1, Part II, line Percent of 4 Compensation attributable 1 Name 2Title time devoted to unrelated business to business % % 9,. Total. Enter here and on page 1, Part II, line BAA TEEA24 L 111 2/15 Form 99-T (215) 9,.

5 215 Federal Statements THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO Page Statement 1 Form 99-T, Part II, Line 28 Other Deductions ADMINISTRATIVE FEES $ 9, 22. ADVERTISING , 829. COMMISSIONS CREDIT CARD EXPENSE , 972. DUES ,371. INSURANCE JANITORIAL , 291. MISCELLANEOUS , OFFICE SUPPLIES , 813. OH ALLOCATION , 427. POSTAGE/ FREIGHT , 163. PUBLIC RELATIONS , 631. SHRINKAGE SUPPLIES , 486. TRAVEL UNIFORMS UTILITIES ,897. Total$ 126,536. =====~======

6 215 General Elections Page 1 THE AGRICULTURAL FOUNDATION OF CALIFORNIA STATE UNIVERSITY, FRESNO Election to Waive Net Operating Loss Carryback Pursuant to IRC Section 172(b), the Organization hereby elects to relinquish the entire carryback period with respect to the net operating loss incurred for the tax year ended 6/ 3/ 16.