Schedule G Instructions: Fill & Download for Free

One way to tell if a nonprofit organization is in trouble is to look over its financial statements. In the USA, a nonprofit organization’s financial information and other information is usually required to be available to the public, by way of the Form 990 or Form 990-EZ that the organization files with the Internal Revenue Service each year.The IRS has started posting the most recent forms on its web site. Just search for the organization there. https://apps.irs.gov/app/eos/Form 990 can be a bit overwhelming if you have never looked at one before. Here are some of the things I look at when looking at an organization’s Form 990.Part I, Line 12 shows the total annual revenue. Line 18 shows the total expenses. Line 19 shows revenue minus expenses. If this is a negative number, that means the organization is expending more than it is taking in. That is not a good thing. If it is a small negative, it is probably no big deal. If it is a large negative number, it can be concerning. Why was the organization unable to raise sufficient revenue to cover its expenses? How has the organization changed since then in order to cover its expenses?Part I, Line 20 shows the organization’s total assets at year-end. Line 21 shows its total liabilities at year-end. Line 22 shows the assets minus liabilities. If this is a negative number, that means the organization owes more than it has. It also means the organization has probably not been able to raise sufficient revenue to cover its expenses for a long while. An organization with a negative number here may not survive much longer.Part VII, Section A shows the compensation of the organization’s officers, directors, trustees, key employees, and highest compensated employees. If these amounts seem high based on the work performed by each person, it may be concerning that the organization is spending its resources this way. Divide the total of these salaries by the organization’s total revenue (Part I, Line 12), and then multiply by 100. That is the percentage of the organization’s revenue that goes to paying these people. Would a donor find it reasonable that this percentage of their donation goes to compensating these people?Part VII categorizes the organization’s revenue. Concerns or questions about the organization’s revenue may be addressed here. It is often considered good if an organization’s revenue comes from several different sources, rather than one source.Part IX categorizes the organization’s expenses. Concerns or questions about the organization’s revenue may be addressed here. A lot of people look at the totals on the bottom of the page. Divide line 25 column C by line 25 column A, and then multiple by 100, to see what percentage of overall expenses go toward management and general expenses. Divide line 25 column D by line 25 column A, and then multiple by 100, to see what percentage of overall expenses go toward fundraising expenses. Also look at lines 5 through 9, which show compensation to employees. Is that a reasonable amount based on the size of the organization? Lines 11a through 11g are fees for services, sometimes called outsourcing. It is reasonable for an organization this size to spend this much on outsourcing? Line 20 is interest expense, often paid on debt. An organization paying interest on debt may be seen as borrowing from future revenue to pay for current expenses.Part X categorizes the organization’s assets and liabilities. Cash on hand is in lines 1 and 2. If the organization has a lot of cash on hand compared to its annual expenses, it probably has the money to pay its expenses (assuming that cash is not restricted in purpose by the donors, lines 21, 28, and 29). Line 17 shows what the organization owes its vendors and other entities. Line 18 shows what the organization owes its grantees. Line 19 shows what cash has been received without delivering goods or services yet. Line 22 shows the organization has made loans to its own employees. That is usually very concerning. Line 23, 24, and 25 show other types of debt of the organization.Schedule G (if required) details information about fundraising events. If the organization raises less from an event than the cost of the event, one might wonder why a fundraising event has just the opposite effect.Schedule J (if required) shows more information about compensation to certain people. Some people would rather organization’s not pay for first-class travel, travel for employees’ companions, pay for employees’ housing, and so forth (Part I, Line 1).Schedule L (if required) shows whether the organization had certain transactions with “interested persons,” often the organization’s executives. Not usually considered a good use of the organization’s resources.The above is an oversimplification of a Form 990. The full instructions explain much more in detail, including important exceptions and exclusions, and they are 103 pages long. And there is more tax code and regulations behind the instructions. https://www.irs.gov/pub/irs-pdf/i990.pdfOverall, if you think an organization is in financial trouble, you might be right.

VIT University formerly called Vellore Engineering College, is a deemed university under Section 3 of the UGC Act. Founded in 1984, as Vellore Engineering College, by Mr. G. Viswanathan, the institution offers 20 undergraduate, 34 postgraduate, 4 integrated and 4 research programs. It has campuses both at Vellore and Chennai, Tamil Nadu, India. VIT is ranked 13 in National Institutional Ranking Framework published by Ministry of Human Resource Development in April 2016.Admission ProcedureAdmission to VIT is conducted on a merit basis through it’s own online entrance exam, called the Vellore Institute of Technology Engineering Entrance Examination (VITEEE) and through management quota also. Nearly 2,00,000 students appear for the entrance test every year. At present there are total 4917 seats available for the candidates in VIT University. Before we move towards the procedure, you must be aware of the important dates. Read on!VITEEE 2019 EligibilityCandidates born on or after 1st July 1995 will be eligible to apply.Candidates should have 60% marks in aggregate (PCB/PCM) in the qualifying examination (10+2/Intermediate).Candidates belong to SC/ST category or North Eastern States are required to obtain 50% marks in aggregate (PCM/PCB) in 12thCandidate who have studied in Full Time, Regular and Formal Education are alone eligible to apply.“NIOS” Candidates will also be eligible.VITEEE 2019 Application FormVITEEE application forms will be available from November 2016. After official notification candidates may apply by accessing official website. The applicants can get application forms either through online or offline mode. The applicants will be allowed to do any correction (if any) till February 2019.Payment of application feeOnline payment- The application fee can be paid through debit/credit card. The applicants paying application fee through online mode will have to pay Rs. 940/- as application fee.Payment through DD- If any applicant opts for payment through DD then he/she has to pay a Demand Draft of Rs. 990/- in favour of VIT University payable at Vellore.How to apply for VITEEE 2019Application process through online modeLogon to the official website of VIT University.Now apply for new user registration in Step I & enter all the required details. Once you done with registration, you will get a password in your registered mail ID.Next will be the step II, wherein the applicants need to login using their email ID & password received during step I registration.Now, the applicants can see their application forms on the screen.Now the applicants will have to go through the instruction thoroughly and fill up the application form carefully.They also have to upload the scanned images of their photograph & signature in specified format.To complete the application procedure, the applicants will have to pay the application fee either through online mode or through DD.The applicants are advised to recheck their details and then they need to click on “Confirm & Submit”.On successful submission, a unique application number will be generated. The applicants are also advised to take the print out of their duly filled application form for future reference.Application process through offline modeIn offline mode of application, the applicants can get the application form from any nearby post-office or sales counter. The applicants will have to send their duly filled application form at this address-Admission Officer, VIT University, Vellore- 632014, Tamil Nadu, IndiaThe applicants are advised to go through the instruction from the bulleting before they start application process. The applicants also have to send a DD of Rs. 990/- along with application form. The applicants have to write their name & application no. on the reverse side of the DD.Important instructions for applicantsThe photograph of the applicants needs to be colored with a size between 10 kb to 200 kb in jpg/jpeg format.The size of the signature should be between 10 kb to 200 kb in jpg/jpeg format.The examination will be held through online mode, hence the applicants must have the basic computer knowledge.VITEEE 2019 Admit card can be downloaded from the official website of the university.Slot BookingStep for Booking Slot and getting Admit Card• Login to VITEEE OTBS using application number and password.• Select test city, centre, date and slot available.• On successful booking, e-hall ticket will be displayed.• Print VITEEE Admit Card. Candidate has to show admit card on the day of exam.Counselling and Seat AllotmentCounselling is a process where candidates can select desired college campus and branch, and is allotted his/her seat on the basis of his/her rank. VIT does it in two phases: In phase-1 , students up to rank 20,000 are called. Candidates have to remember that they should submit their choice of counselling centre two days before the start of counselling.Document required for VITEEE 2019 CounsellingFour Recent Passport size colour photosPhoto copy of Class 12th Hall TicketMarks sheet of Class 12th or equivalent examClass 10th certificate to verify date of birthVITEEE 2017 admit CardTransfer Certificate/Migration Certificate/School Leaving CertificateCandidates hailing from Jammu & Kashmir and North Eastern states must have nativity certificateSC/ST Community CertificateStudent Profile filled by the studentAffidavit by the student & parentVITEEE 2019 counselling procedure• Candidates have to register themselves online for counselling.• Candidate has to be present at the centre for counselling.• VIT University also informs the shortlisted candidates about their counselling schedule through SMS. All the details are published on the Website of VIT University.• Candidates must submit their choice of counselling centre before the counselling starts.• Vacant seats in both the campuses of VIT University will be displayed on the website and the notice board at the counselling centre.Fee payment for VITEEE 2019 CounsellingTo appear in VITEEE Counselling 2019, candidates have to pay the fee of Rs.50, 000 (only for Phase-I counselling) in form of a crossed DD (Computerised) drawn in favour of “VIT University”, payable at Vellore.Note: Application Form Number, Name, Mobile Number must be mentioned on the back of the Demand Draft.