Free 2008 Form 990 or 990-EZ (Schedule N) - Federal

SCHEDULE N (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service Name of the organization

Liquidation, Termination, Dissolution, or Significant Disposition of Assets
To be completed by organizations that answer "Yes" to Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36. Attach certified copies of any articles of dissolution, resolutions, or plans. Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2008
Open to Public Inspection

Employer identification number

Part I
1

Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" to Form 990, Part IV, line 31, or Form 990-EZ, line 36. Use Schedule N-1 if additional space is needed.
(a) Description of asset(s) distributed or transaction expenses paid (b) Date of distribution (c) Fair market value of asset(s) distributed or amount of transaction expenses (d) Method of determining FMV for asset(s) distributed or transaction expenses (e) EIN of recipient (f) Name and address of recipient (g) IRC section of recipient(s) (if tax-exempt) or type of entity

Yes No 2 a b c d e Did or will any officer, director, trustee, or key employee of the organization: Become a director or trustee of a successor or transferee organization? Become an employee of, or independent contractor for, a successor or transferee organization? Become a direct or indirect owner of a successor or transferee organization? Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? If the organization answered "Yes" to any of the questions in this line, provide the name of the person involved and explain in Part III.
Cat. No. 50087Z

2a 2b 2c 2d

For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.

Schedule N (Form 990 or 990-EZ) 2008

Schedule N (Form 990 or 990-EZ) 2008

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Part I
3 4a b 5a b 6 7a b c

Liquidation, Termination, or Dissolution (continued)
Yes No 3 4a 5a 5b 6 7a 7b

Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B) should equal -0-. Did the organization distribute its assets in accordance with its governing instrument(s)? If "No," describe in Part III Did the organization request or receive a determination letter from EO Determinations that the organization's exempt status was terminated? ) (If "Yes," provide the date of the letter. Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? If "Yes," did the organization provide such notice? Did the organization discharge or pay all liabilities in accordance with state laws? Did the organization have any tax-exempt bonds outstanding during the year? Did the organization discharge or defease tax-exempt bond liabilities in accordance with the Internal Revenue Code and state laws? If "Yes," describe in Part III how the organization defeased or otherwise settled these liabilities. If "No," explain in Part III.

Part II
1

Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" to Form 990, Part IV, line 32, or Form 990-EZ, line 36. Use Schedule N-1 if additional space is needed.
(a) Description of asset(s) distributed or transaction expenses paid (b) Date of distribution (c) Fair market value of asset(s) distributed or amount of transaction expenses (d) Method of determining FMV for asset(s) distributed or transaction expenses (e) EIN of recipient (f) Name and address of recipient (g) IRC section of recipient(s) (if tax-exempt) or type of entity

Yes No 2 a b c d e Did or will any officer, director, trustee, or key employee of the organization: Become a director or trustee of a successor or transferee organization? Become an employee of, or independent contractor for, a successor or transferee organization? Become a direct or indirect owner of a successor or transferee organization? Receive, or become entitled to, compensation or other similar payments as a result of the organization's significant disposition of assets? If the organization answered "Yes" to any of the questions in this line, provide the name of the person involved and explain in Part III. 2a 2b 2c 2d

Schedule N (Form 990 or Form 990-EZ) 2008

Schedule N (Form 990 or 990-EZ) 2008

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Part III

Supplemental Information. Complete this part to provide the information required by Part I, lines 2e, 7c; or Part II, line 2e; and any additional information.

Schedule N (Form 990 or 990-EZ) 2008

Schedule N (Form 990 or 990-EZ) 2008

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General Instructions
Section references are to the Internal Revenue Code unless otherwise noted. Note. Terms in bold are defined in the Glossary of the Instructions for Form 990.

Line 1. List assets transferred in the liquidation, termination, dissolution, or merger. If there are more transactions to report in Part I than space available, report the additional transactions on Schedule N-1 (Form 990 or 990-EZ), Part I. Use as many Schedules N-1 (Form 990 or 990-EZ) as needed. Column (a). Assets may be aggregated into categories and should be sufficiently described. Separately list related transaction expenses of at least $10,000. A transaction expense consists of a payment to a professional or other third party for services rendered to assist in the transaction or in the winding down of the organization's activities, such as attorney or accountant fees. Brokerage fees should not be included in this category, but should be taken into account in the fair market value figure in column (c). Column (b). Enter the date of distribution of assets or the date when the transaction expense was paid. Column (c). Enter the fair market value of the asset distributed or the amount of transaction expense paid. Column (d). Enter the method of valuation for the asset being distributed. Methods of valuation include appraisals, comparables, book value, actual cost (with or without depreciation), and outstanding offers (among other methods). For transaction expenses, provide the method for determining the amount of the expense, such as an hourly rate or fixed fee. Columns (e) and (f). Enter the EIN, name, and address of each recipient of assets distributed or transaction expenses paid. Do not enter social security numbers of individual recipients. For membership organizations that transfer assets to individual members, the names of individual members need not be reported. Rather, the members may be aggregated into specific classes of membership, or they may be aggregated into one group, if there is only one class of membership. Column (g). Enter the section of the Internal Revenue Code under which the transferee organization is tax-exempt, if it is exempt. For recipients that are not tax-exempt, enter the type of entity. Examples of types of entity are government agencies or units, or a limited liability company (LLC). Report "individual" if the recipient is not an entity. Line 2. Report whether any officer, director, trustee, or key employee listed in Form 990, Part VII, Section A, is (or is expected to become) involved in a successor or transferee organization by governing, controlling, or having a financial interest in that organization. Having a financial interest includes receiving payments from a successor or transferee organization as an employee, independent contractor, or in any other capacity.

Line 2a. Check "Yes" if any officer, director, trustee, or key employee listed in Form 990, Part VII, Section A, is (or is expected to become) a director or trustee of a successor or transferee organization. Line 2b. Check "Yes" if any officer, director, trustee, or key employee listed in Form 990, Part VII, Section A, is (or is expected to become) an employee of, or independent contractor for, a successor or transferee organization. Line 2c. Check "Yes" if any officer, director, trustee, or key employee listed on Form 990, Part VII, Section A, is (or is expected to become) an owner, whether direct or indirect, in a successor or transferee organization. Line 2d. Check "Yes" if any officer, director, trustee, or key employee listed on Form 990, Part VII, Section A, has received or is expected to receive "compensation or any similar payment" as a result of the liquidation, termination, or dissolution of the organization, whether paid by the organization or a successor or transferee organization. For this purpose, "compensation or any similar payment" includes a severance payment, a change in control payment, or any other payment that would not have been made to the individual if the dissolution, liquidation, or termination of the organization had not occurred. Line 2e. If the organization checked "Yes" to any of the other questions on line 2, provide the name of the person involved, and explain in Part III the nature of the listed person's relationship with the successor or transferee organization and the type of benefit received or to be received by the person. Line 3. Check "Yes" if the organization's assets were distributed in accordance with its governing instrument. Line 4. Check "Yes" to line 4a if the organization requested or received a determination letter from the IRS that the organization's exempt status was terminated or it is no longer exempt under section 501(a). Attach a copy of the organization's request, and if applicable, a copy of the IRS response. Enter the date of the IRS letter in line 4b. Line 5a. Check "Yes" if the organization is required to notify a state attorney general or other appropriate state official of the organization's intent to dissolve, liquidate, or terminate. Line 5b. Check "Yes" if the organization provided the notice described in line 5a. Line 6. Check "Yes" if the organization discharged or paid all of its liabilities in accordance with state law. Line 7a. Check "Yes" and complete line 7b if the organization had any tax-exempt bonds outstanding during the year. Line 7b. Check "Yes" and complete line 7c if tax-exempt bond liabilities were discharged or defeased during the year.

Purpose of Schedule
Schedule N (Form 990 or 990-EZ) is used by an organization that files Form 990 or Form 990-EZ to provide information relating to going out of existence or disposing of more than 25 percent of its net assets through a contraction, sale, exchange, or other disposition. An organization that liquidated, terminated, or dissolved and ceased operations, other than to wind up its affairs, must complete Part I. An organization must report a significant disposition of net assets in Part II. For an organization filing Form 990-EZ, see the Instructions for Form 990-EZ, line 36, for Part II reporting requirements. An organization that has terminated its operations and has no plans for future activities need only complete Part I and not Part II of this Schedule. Use Schedule N-1 (Form 990 or 990-EZ) to report additional information for Parts I or II of Schedule N (Form 990 or 990-EZ). Use as many Schedules N-1 (Form 990 or 990-EZ) as needed.

Who Must File
Any organization that answered "Yes" to Form 990, Part IV, Checklist of Required Schedules, lines 31 or 32; or Form 990-EZ, line 36, must complete and attach Schedule N to Form 990 or Form 990-EZ, as applicable. If an organization is not required to file Form 990 or Form 990-EZ but chooses to do so, it must file a complete return and provide all of the information requested, including the required schedules.

Specific Instructions
Part I. Liquidation, Termination, or Dissolution
If the organization answered "Yes" to Form 990, Part IV, line 31, it must complete Part I. If the organization answered "Yes" to Form 990-EZ, line 36, because it fully liquidated, dissolved, or terminated during the tax year, it must complete Part I. An organization must answer "Yes" to either of these lines if it ceased operations and has no plans to continue any activities or operations in the future. This includes an organization that has dissolved, liquidated, terminated, or merged into a successor organization. An organization must provide support of its liquidation, termination, CAUTION dissolution, or merger by attaching a certified copy of its articles of dissolution or merger, resolutions, and plans of liquidation or merger. An organization also must attach any other relevant documentation, such as a determination letter from the IRS ruling that the organization is no longer exempt under section 501(a), or a private letter ruling from the IRS approving the organization's proposed dissolution or liquidation, as provided in instructions for line 4, later.

Schedule N (Form 990 or 990-EZ) 2008

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Line 7c. If the organization checked "Yes" on line 7b, explain in Part III how the bond liabilities were discharged, defeased, or otherwise settled during the year. Also provide an explanation if any bond liabilities were discharged, defeased, or otherwise settled other than in accordance with the Code or applicable state law. If the organization avoided the need for a defeasance of bonds, such as through the transfer of assets to another section 501(c)(3) organization, provide the name of the transferees of such assets, the CUSIP number of the bond issue, and a description of the terms of such arrangements, in Part III.
TIP

2. One of a series of related dispositions or events commenced in a prior year, that when combined comprise more than 25 percent of the fair market value of the organization's net assets as of the beginning of the tax year when the first disposition in the series was made. Whether a significant disposition occurred through a series of related dispositions or events depends on the facts and circumstances in each case. Examples of the types of transactions required to be reported in Part II as significant dispositions of net assets include the following: Taxable or tax-free sales or exchanges of exempt assets for cash or other consideration (such as a social club described in section 501(c)(7) selling land or an exempt organization selling assets it had used to further its exempt purposes). Sales, contributions, or other transfers of assets to establish or maintain a partnership, joint venture, or a corporation (for-profit or nonprofit) regardless of whether such sales or transfers are governed by section 721 or section 351, and whether or not the transferor receives an ownership interest in exchange for the transfer. Sales of assets by a partnership or joint venture in which the organization has an ownership interest. Transfers of assets pursuant to a reorganization in which the organization is a surviving entity. A contraction of net assets resulting from a grant or charitable contribution of assets to another organization described in section 501(c)(3).

The following types of situations are not required to be reported in Part II: The change in composition of publicly traded securities held in an exempt organization's passive investment portfolio. Asset sales made in the ordinary course, such as gross sales of inventory. A decrease in the value of net assets due to market fluctuation in the value of assets held by the organization. Transfers to a disregarded entity of which the organization is the sole member. For purposes of Schedule N (Form 990 or 990-EZ), "net assets" means total assets less total liabilities. The determination of a significant disposition of net assets is made by reference to the fair market value of the organization's net assets at the beginning of the tax year (in the case of a series of related dispositions that commenced in a prior year, at the beginning of the tax year during which the first disposition was made). Line 1. Refer to the instructions for Part I, line 1, columns (a)­(g), earlier. If there are more transactions to report in Part II than space available, report the additional transactions in Part II of Schedule N-1 (Form 990 or 990-EZ). Use as many Schedules N-1 (Form 990 or 990-EZ) as needed. Line 2. Refer to the instructions for Part I, line 2, earlier.

An organization that completes Part I does not complete Part II.

Part II. Sale, Exchange, Disposition, or Other Transfer of more than 25 Percent of the Organization's Assets
If an organization answered "Yes" to Form 990, Part IV, line 32, it must complete Part II. If an organization answered "Yes" to Form 990-EZ, line 36, see the Instructions for Form 990-EZ, line 36, for Part II reporting requirements. An organization answered "Yes" to Form 990, Part IV, line 32, if it has undergone a significant disposition of net assets during the year. A significant disposition of the organization's net assets includes a sale, exchange, disposition, or other transfer of more than 25 percent of the fair market value of its net assets during the year, regardless of whether the organization received full and adequate consideration. A significant disposition of net assets involves: 1. One or more dispositions during the organization's tax year amounting to more than 25 percent of the fair market value of the organization's net assets as of the beginning of its tax year; or

Part III. Supplemental Information
Use Part III to provide the narrative information required in Part I, lines 2e and 7c; or Part II, line 2e. Also use Part III to provide additional narrative explanations and descriptions as necessary to support or supplement any responses in Part I or II. Identify the specific part and line(s) that the response supports. Part III may be duplicated if more space is needed.