Orange County NC Website
Schedule A(Form 990 or 990-EZ) 2020 Page 6 <br /> Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations <br /> 1 ❑ Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970(explain in Part VI). See <br /> instructions.All other Type III non-functionally integrated supporting organizations must complete Sections A through E. <br /> Section A-Adjusted Net Income (A)Prior Year (B)Current Year <br /> (optional) <br /> 1 Net short-term capital gain 1 <br /> 2 Recoveries of prior-year distributions 2 <br /> 3 Other gross income (see instructions) 3 <br /> 4 Add lines 1 through 3 4 <br /> 5 Depreciation and depletion 5 <br /> 6 Portion of operating expenses paid or incurred for production or collection of gross 6 <br /> income or for management,conservation, or maintenance of property held for <br /> production of income(see instructions) <br /> 7 Other expenses(see instructions) 7 <br /> 8 Adjusted Net Income(subtract lines 5, 6 and 7 from line 4) 8 <br /> Section B - Minimum Asset Amount (A)Prior Year (B)Current Year <br /> (optional) <br /> 1 Aggregate fair market value of all non-exempt-use assets(see instructions for short <br /> tax year or assets held for part of year): 1 <br /> a Average monthly value of securities la <br /> b Average monthly cash balances lb <br /> c Fair market value of other non-exempt-use assets lc <br /> d Total (add lines la, lb,and lc) Id <br /> e Discount claimed for blockage or other factors <br /> (explain in detail in Part VI): <br /> 2 Acquisition indebtedness applicable to non-exempt use assets 2 <br /> 3 Subtract line 2 from line ld 3 <br /> 4 Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see <br /> instructions). 4 <br /> 5 Net value of non-exempt-use assets(subtract line 4 from line 3) 5 <br /> 6 Multiply line 5 by 0.035 6 <br /> 7 Recoveries of prior-year distributions 7 <br /> 8 Minimum Asset Amount(add line 7 to line 6) 8 <br /> Section C - Distributable Amount Current Year <br /> 1 Adjusted net income for prior year(from Section A, line 8, Column A) 1 <br /> 2 Enter 85%of line 1 2 <br /> 3 Minimum asset amount for prior year(from Section B, line 8, Column A) 3 <br /> 4 Enter greater of line 2 or line 3 4 <br /> 5 Income tax imposed in prior year 5 <br /> 6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency 6 <br /> temporary reduction (see instructions) <br /> 7 ❑ Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see <br /> instructions) <br /> Schedule A(Form 990 or 990-EZI 2020 <br />