I have a few Contributions Paid During the Year and Approved for Future Payment. But the approval for future payments is still displayed in the Contributions, gifts, grants paid section.
20 views |
Last modified 4/8/2024 7:48:48 AM EST |
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-POL
You may have approved a few payments, and they are yet to be distributed to the respective people or organizations. But when you mention those details in the contribution section, as per the IRS instruction, the amount mentioned in the approved for future payment will also be added up in the expenses category even if the amount is still not dispatched.