Form 1120-POL (1978)

Page 5

mediate credit item. Additional information
can be obtained from an authorized depos-
itary or FRB. Each deposit must be accom-
panied by a Federal Tax Deposit Form
preinscribed with a Tax Class Number 503.
Do not remit directly to Internal Revenue.
Records of deposits will be sent to Internal
Revenue for crediting to the organization's
account.

The timeliness of deposits will be deter-
mined by date received by the financial in-
stitution or FRB. If a tax payment is made
by mail, a deposit received after the due
date will be considered timely if the tax-
payer establishes that it was mailed on
or before the second day before the pre-
scribed due date as provided by section
7502. Tax deposits made at FRBs which
are not in compliance with deposit require-
ments will nevertheless be processed by
the receiving FRB rather than returned to
the taxpayer. Furthermore, such tax pay-
ments received by an FRB will be dated as
paid based upon the date when the pro-
ceeds of the accompanying payment in-
strument are collected by the FRB, and if
made by mail, section 7502 will not apply.

Organizations needing Federal Tax De-
posit Forms preinscribed with a Tax Class
Number 503 may obtain them from the In-
ternal Revenue Service Center where they
will file their returns. The application
should include the organization’s name,
identification number, address, and the
taxable year to which the deposits relate.

In Schedule K, list all Tax Class Number
503 deposits that relate to the taxable year
for which this return is filed and which were
made before or simultaneously with the
filing of this return.

J. Change in Accounting Period.—To
change your accounting period, see section
1.442-1 of the regulations and Form
1128, Application for Change in Account-
ing Period.

K. Accounting .Methods.—Taxable in-
come must be computed using the method
of accounting regularly used in keeping the
organization’s books and records. In all
cases, the method adopted must clearly
reflect taxable income. (See section 446.)

Unless the law specifically permits, you
may not change the method of accounting
used to report income in prior years (for
income as a whole or for any material item)
without first obtaining consent on Form
3115, Application for Change in Account-
ing Method.

L. Rounding Off to Whole-dollar
Amounts.—The money items may be
shown as whole-dollar amounts by elimi-
nating any amount less than 50 cents and
increasing any amount from 50 cents
through 99 cents to the next higher dollar.

M. Attachments.—If more space is
needed on forms or schedules, attach sepa-
rate sheets. Attach schedules in alphabeti-
cal order and forms in numerical order to
the back of Form 1120-POL. Be sure to
put the taxpayer's name and employer
identification number on these separate
sheets.

N. Signature——The return must be
signed and dated by the president, vice
president, treasurer, assistant treasurer,
chief accounting officer, or any other offi-
cer (such as tax officer) authorized to sign.
A receiver, trustee, or assignee must sign
and date any return required to be filed
on behalf of an organization.

If your organization officer filled in Form
1120-POL, the space under the signature
of officer should remain blank. If someone
prepares Form 1120—POL and does not
charge the organization, that person
should not sign the return. Certain others
who prepare Form 1120—POL should not
sign. For example, a regular, full-time em-
ployee of the organization such as clerk,
secretary, etc. does not have to sign. (This
list is not all inclusive.)

Generally, anyone who is paid to pre-
pare Form 1120-POL must sign the re-
turn and fill in the other blanks in the Paid
Preparer's Information area of the return.

When more than one person prepares
Form 1120-POL, the preparer with pri-
mary responsibility for the overall accu-
racy of the return must sign as the pre-
parer.

If the preparer is self-employed (i.e., is
not employed by any person or business
entity to prepare the return), he or she
should check the ‘'SE’’ box.

If you have questions about whether a
preparer is required to sign Form 1120—
POL, please contact an IRS office.

The person required to sign the return
MUST:

—Sign it, by hand, in the space pro-
vided for the preparer’s signature (Signa-
ture stamps or labels are not acceptable);

—Give a copy of Form 1120-POL to
the taxpayer in addition to the copy filed
with IRS.

Publication 1054 is a guide listing some
of the preparer’s other responsibilities and
penalties for which he or she may be liable.
The publication also contains the regula-
tion citations which govern their work. Tax
return preparers should be familiar with
their responsibilities. This publication is
available at IRS offices.

0. Identifying Number.—All political
organizations (including separate segre-
gated funds described in section 527(f)(3)
and newsletter funds) must use an em-
ployer identification number. If you do not
have an employer identification number for

the political organization, apply for one
from your Internal Revenue Service Center
on Form SS—4, available from any Internal
Revenue or Social Security Administration
district office.

P. Penalties.—

Avoid penalties and interest by correctly
filing and paying the tax when due.

1. A political organization that fails to
file its tax return by the prescribed due
date including any extensions of time for
filing may be subject to a penalty of 5% a
month, up to a maximum of 25%, for each
month the return is not filed.

2. A political organization that fails to
pay the tax when due may be subject to a
penalty of 4% a month or fraction of a
month, up to a maximum of 25%, for
each month the tax is not paid.

The penalties mentioned above are im-
posed on the net amount due—see section
6651(a)(1) and (2).

The above penalties will not be imposed
if the political organization can show that
the failure to file or to pay was due to
reasonable cause and not to willful neglect.

The penalties are in addition to the in-
terest charge imposed on unpaid tax at a
rate established pursuant to section 6621.

Q. Possession Tax Credit—See Form
5712 for rules on how to elect to claim the
possession tax credit (section 936). Com-
pute the credit on Form 5735 and include
the amount of the credit in the total for
Schedule A (Form 1120-POL), line 7, if
applicable. Write in the margin next to the
entry on line 7, the amount of the credit
and identify it as being a section 936
credit.

R. Estimated Tax, Minimum Tax and
Investment Credit.—Estimated tax, mini-
mum tax and investment credit do not
apply to political organizations defined in
section 527.

S. Financial Statements.—Section 501
(c) organizations do not have to complete
Schedules L and M.

T. Foreign Financial Accounts and For-
eign Trusts.—If at any time during the
year, you had an interest in or signature or
other authority over a bank account, se-
curities account or other financial account
in a foreign country, check the Yes box
for question 1. However, you should check
the No box if the combined assets in the
account(s) were $1,000 or less during the
entire year, or were with a U.S. military
banking facility operated by a U.S. finan-
cial institution.

If you own more than 50 percent of the
stock in any corporation that owns one or
more foreign bank accounts, you must
check the Yes box for question 1.
263-122-1 (Continued on page 6)



Form 1120-POL (1978)

Page 4

General Instructions

(References are to the Internal Revenue Code.)

A. Who Must File Form 1120-POL.—

1. A political organization, that is, a
party, committee, association, fund (in-
cluding a separate segregated fund (de-
scribed in secticn 527(f)(3)) set up by a
section 501(c) organization), or other or-
ganization, organized and operated pri-
marily for the purpose of accepting contri-
butions or making expenditures, or both, to
influence the selection, nomination, elec-
tion or appointment of any individual to any
public office or office in a political organi-
zation, or the election of Presidential or
Vice-Presidential electors, must file Form
1120-POL if such organization has any
taxable income (defined in C below).

2. A newsletter fund (as described in
section 527(g)) must file Form 1120—POL
if it has political organization taxable in-
come. Taxable income is the same as
described in C below with these modifica-
tions:

(a) the $100 specific deduction is not

allowed and

(b) the exempt function shall be only

the preparation and circulation of
the newsletter.

For further information,
527(g).

3. (a) Under section 527(f) certain or-
ganizations described in section 501(c)
and exempt from tax under section 501(a),
must file Form 1120-POL if they:

(i) expend any amount during the tax-
able year directly (or through
another organization) for an exempt
function (defined in E below) and

(ii) have taxable income.

(b) For purposes of a section 501(c) or-
ganization, taxable income shall be an
amount equal to the lesser of:

(i) the aggregate amount expended
during the taxable year for an ex-
empt function (defined in E below)
or
the net investment income of such
organization for the taxable year.
Net investment income, for this pur-
pose, means the gross amount of
interest, dividends, rents, royalties,
plus the excess (if any) of gains
from the sale or exchange of assets
over the losses from the sale or ex-
change of assets, over the deduc-
tions directly connected with the
production of this income.

Both of the above amounts are computed
by taking into account the modifications
described in C.2. below.

Section 501(c) organizations will not
take into account items taken into account
for purposes of the tax imposed by section
511.

see section

qi)

(c) If a section 501(c) organization sets
up a separate segregated fund (section 527
(f)(3)), the taxable income of such fund
will be determined in accordance with in-
struction C.

For further information, see section
527(f).

B. Tax Imposed.—The tax imposed con-
sists of a normal tax and surtax computed
as provided in section 11 as though the
political organization were a corporation
and as though the political organization
taxable income was the taxable income re-
ferred to in section 11. The surtax exemp-
tion (section 11(d)) is not allowed.

C. Taxable Income.—

Note: Generally, campaign contribu-
tions are not includible in income; expendi-
tures for campaign purposes are not de-
ductible. (See instruction D below.)

Taxable income is the excess of:

1. gross income for the taxable year
(excluding any exempt function income
which is defined below) over

2. the deductions allowed which are di-
rectly connected with the production of
gross income (excluding exempt function
income) computed with the following modi-
fications—

(a) a specific deduction of $100 is

allowed,

(b) a net operating loss deduction (sec-

tion 172) is not allowed, and

(c) a deduction under part VIII of sub-

chapter B (relating to special de-
ductions for corporations) is not
allowed.

D. Exempt Function Income.—Exempt
function income is any amount received as:

1. contributions of money or other property,

2. membership dues, fees, or assessments from
members of the political organization,

3. proceeds from a political fund-raising or enter-
tainment event, or proceeds from the sale of political
campaign materials, which are not received in the
ordinary course of any trade or business, or

4. proceeds from the conducting of any bingo game
as defined in section 513(f)(2),
to the extent such amount is segregated
for use only for the exempt function of the
political organization.

Note: Income received in the course of
an ordinary trade or business is to be in-
cluded in line 7, ‘‘other income,"’ page 1.

E. Exempt Function.—For purposes of
section 527, the term ‘‘exempt function”
means the function of influencing or at-
tempting to influence the selection, nomi-
nation, election, or appointment of any in-
dividual to any Federal, State, or local pub-
lic office or office in a political organiza-
tion, or the election of Presidential or Vice-
Presidential electors, whether or not such
individual or electors are selected, nomi-
nated, elected or appointed.

F. Where to File.—

If the political organiza-

tion’s main office is lo- Use this address
d in

4 a4

New Jersey, New York City and Internal Revenue Service
counties of Nassau, Rockland, | Center
Suffolk, and Westchester Holtsville, NY 00501

New York (all other counties),
Connecticut, Maine, Massa-
chusetts, New Hampshire,
Rhode island, Vermont

Alabama, Florida, Georgia,
Mississippi, South Carolina

Internal Revenue Service
center
‘Andover, MA 05501

Internal Revenue Service
Center

Atlanta, GA 31101

Internal Revenue Service

OH 45999

Internal Revenue Service
Center

Austin, TX 73301

Internal Revenue Service
Center

Ogden, UT 84201

Michigan, Ohio

Center |
Cincinnati,

‘Arkansas, Kansas, Loi
New Mexico, Oklahoma, Texas

Alaska, Arizona, Colorado,
Idaho,’ Minnesota, Montana,
Nebraska, Nevada, North

Dakota, Oregon, South Dakota,
Utah, Washington, Wyoming

Minois, towa, Missouri,
Wisconsin

Internal Revenue Service
Kansas City, MO 64999
Internal Revenue Service

California, Hawaii
enter

Fresno, CA 93888

Internal Revenue Service
enter

Memphis, TN 37501

Internal Revenue Service
Center

Philadelphia, PA_19255

Indiana, Kentucky, North
Carolina, Tennessee, Virginia,
West Virginia

Delaware, District of
Columbia, Maryland,
Pennsylvania

G. When to File-—I!n general, Form
1120-POL must be filed on or before the
15th day of the 3rd month after the end
of the taxable year.

You may request an automatic 3-month
extension of time to file Form 1120—POL
by filing Form 7004.

Form 7005 may be used to request an
additional extension but only by organiza-
tions that have previously obtained an
automatic 3-month extension by filing
Form 7004.

H. Period to be Covered by 1978 Re-
turn.—File the 1978 return for calendar
year 1978 and fiscal years beginning in
1978 and ending in 1979. If the return is
for a fiscal year, fill in the taxable year
space on the form.

|. Depositary Method of Tax Payment.—
The balance of the tax due (line 22) must
be paid in full when the return is filed or in
two installments, 50% by the 15th day of
the 3rd month and 50% by the 15th day of
the 6th month after the end of the taxable
year.

Organization income tax payments must
be deposited at an authorized financial
institution or Federal Reserve Bank or
Branch (FRB), with a Federal Tax De-
posit Form preinscribed with a Tax Class
Number 503, in accordance with instruc-
tions appearing on the reverse of that form.
Deposits made at a FRB must be made with
the FRB servicing the geographic area
where a taxpayer is located. The deposit
must be made in a form of payment that
the receiving FRB considers to be an im-

263-122-2 (Continued on page 5)


Form 1120-POL (1978)

Page 6

Get Form 90—22.1 to see if you are con-
sidered to have an interest in, or signature
or other authority over a bank, security,
or other financial account in a foreign
country.

If you checked Yes for question 1, file
Form 90—22.1. You can get this form from
many IRS offices. File the completed form
by June 30, 1979, with the Department of
the Treasury, P.O. Box 28309, Central
Station, Washington, DC 20005. Do not
file it with the IRS, it is not a tax return.

If you were a grantor of, or transferor
to a foreign trust, which trust was in being
during the taxable year, check the Yes box
for question 2.

Instructions for Schedule D

This schedule provides for the reporting
of sales or exchanges of capital assets.
Every sale or exchange of property must be
reported even though no gain or loss is
indicated.

For reporting sales or exchanges of
property other than capital assets includ-
ing the sale or exchange of property used
in a trade or business and involuntary con-
versions (section 1231), see Form 4797
and related instructions.

Capital Assets.—The Tax Reform Act of
1976 increased the holding period for long-
term capital gains and losses to more
than one year for taxable years beginning
in 1978 and after.

For amounts received from an install-
ment sale, the holding period rule in effect
in the year of sale will determine the treat-
ment of the amounts received as long-term
or short-term gain.

Gains and losses on futures transactions
(but not options on futures transactions)
in any commodity subject to the rules of

a board of trade or commodity exchange
will retain the more than 6-month holding
period rule for long-term treatment. See
section 1222,

Each item of property held by a political
organization (whether or not connected
with its trade or business) is a capital asset
except:

1. inventoriable assets or property held
primarily for sale to customers;

2. depreciable or real property used in
a trade or business;

3. certain copyrights, literary, musical,
or artistic compositions, letters or memo-
randums, or similar property;

4. accounts or notes receivable ac-
quired in the ordinary course of trade or
business for services rendered or from the
sale of property described in (1) above;

5. certain short-term Federal,
and municipal obligations; and

State,

6. a publication of the United States
Government (including the Congressional
Record) which is received from the United
States Government or any agency thereof,
other than by purchase at the price at
which it is offered for sale to the public,
and which is held by (a) a taxpayer who
so received such publication, or (b) a tax-
payer in whose hands the basis of such
publication is determined, for purposes of
determining gain from a sale or exchange,
in whole or in part by reference to the basis
of such publication in the hands of a tax-
payer described in 6(a).

Capital Losses.—Capital losses are al-
lowed only to the extent of capital gains.
A net capital loss, however, may be carried
back three years and forward five as a
short-term capital loss. The capital loss
may be carried back only to the extent it

‘Ye US. GOVERNMENT PRINTING OFFICE : 1978—-O-263-122

does not increase or produce a net oper-
ating loss in the taxable year to which it
is being carried.

Under the provisions of section 6411,
a quick refund of the tax overpayment
created by the capital loss carryback may
be obtained by filing Form 1139.

Basis.—In determining gain or loss, the
basis of property will generally be its cost.
However, where the political organization
receives appreciated property after May 7,
1974, then the basis of this property will
be the same as it would be in the hands of
the transferor, increased by the amount of
gain recognized to the transferor.

Exchange of “Like Kind’ Property.—
Although no gain or loss is recognized
when property held for productive use in a
trade or business or for investment (not
including stock in trade or other property
held primarily for sale, nor stocks, bonds,
notes, choses in action, certificates of
trust or beneficial interest, or other secu-
rities or evidences of indebtedness or in-
terest) is exchanged solely for property of
a “‘like kind’ to be held either for produc-
tive use in a trade or business or for in-
vestment, you must report the transaction
on Schedule D or Form 4797, whichever is
applicable. If Schedule D is applicable,
identify the property disposed of in column
(a). Enter the date of acquisition in column
(b) and write the date of exchange in col-
umn (c). Write “like kind exchange” in
column (d) and enter the adjusted basis
in column (e). Enter zero in column (f).
(See section 1031.)

Alternative Tax Computation.—lf you
have an excess of net long-term capital
gain over net short-term capital loss, com-
pute the tax using the alternative method
(Part IV) to determine if the resulting tax
is less than the tax computed using the
regular method.

263-122-1


U.S. Income Tax Return
com 1120-POL for Certain Political Organizations | 1978

Department of the Treasury To be filed by those organizations having taxable income (line 19).
Internal Revenue Service (Under Section 527 of the Internal Revenue Code)

ler taxable year beginning , 1978 and ending 119 .

For calendar year 1978 or

Note: If you are a section 501(c) organization and described in instruction A.3, check here » [].
g | Name of organization Employer identification number (see instruction 0)
2
= | Number and street Date organization formed
8 | City or town, State and ZIP code Were the required forms 1087, 1096, and 1099
“ fled? . . . - + + + + «[] Yes [J No
Enter name of candidate D>
The books are in care of > Telephone No. >
Located at D>
Important—Fill in all applicable lines and schedules.
1 Dividends (attach schedule). . . .
w | 2 Interest on obligations of the United States and US. instrumentalities
£| 3 Other interest
8 | 4 Gross rents . . :
3 5 Gross royalties . . . woe .
| 6 (a) Capital gain net income from Schedule D, line 9. :
6G (b) Net gain or (loss) from Form 4797, line 11, Part I! (attach Form 4797) :
7 Other income (see “Note” in instruction D—attach schedule) .
8 Total income (add lines 1 through 7). . . . . . .
9 Salaries and wages . . 2. 1. we
10 Repairs
11 Rents . . fe
12 Taxes. 2...
13 Interest © 6 we ee
| 14 Depreciation from Form 4562 (attach Form 4562) . ., less depreciation claimed
= elsewhere on the return . Balance p> |_14
$ | 15 other deductions (attach schedule). © 2... ee ee |
3 16 Total deductions (add lines 9 through 15). . . . . 2. . (ae
17 Taxable income before specific deduction of $100 (line 8 less line 16). (Section 501(e) organizations
show: (a) amount of net investment income (see Instruction A3(b)(ii)) D... “
(b) aggregate amount expended for an exempt function (attach schedule) p>. ,
and enter on line 17, the lesser of (a) or (b)). . . (az
18 Less specific deduction of $100 (not allowed for newsletter funds defined under section 5278) . (38
19 Taxable income (subtract line 18 from line 17) . rear :
20 Total tax (from Schedule A, line 10) .
21 Credits: (a) Tax deposited with Form 7004 .
x (b) Tax deposited with Form 7005 (attach copy) . oe .
e (c) Credit from regulated investment companies (attach Form 2439) . 21
22 Tax due (subtract line 21 from line 20). See instruction | for depositary method of payment . rn
23 Overpayment (subtract line 20 from line 21)... + + ss 23
2 | 1 Did you, at any time during the taxable year, have an interest in or signature or other authority over a
E35 | _ bank securities, or other financial account in a foreign country (see instruction T)?. . . . . . + +] Yes [No
‘2 & §| 2 Were you the grantor of, or transferor to, a foreign trust during any taxable year, which foreign trust was
2% ‘S| __ in being during the current taxable year, whether or not you have any beneficial interest in such trust?. . [] Yes [] No
= 2] if “Yes,” you may be required to file Forms 3520, 3520-A, or 926.
Under penalties of perjury, | declare that | have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, cor-
2 rect, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
=
2 P. Preparer’s Preparer’s social security no. | Check if self-
a ‘aid signature > : ! employed p> []
& | Preparers |e ars name (or yours [DEIN :
a | Information | js"Sciremployed) > [EL No. p> i
address and ZIP code |_Date p>

263-122-1


Form 1120-POL (1978)

Page 2

Schedule A.—Tax Computation Schedule (Fiscal year organizations—Do not compute your tax on Schedule A. Instead com-

pute your tax on form 1120-POL—FY (1978-79) and attach it to Form 1120-POL.)

1 Taxable income (line 19, pagel). . . . So
2 46% of the first $25,000 of taxable income on line 1. rT
3 48% of taxable income on line 1 in excess of $25,000. © 2. 2 1 1. ee ee ee
4 Totaloflines2and3. . . . . oo er
5 Income tax (line 4 or alternative tax from Schedule D, line 16 below, whichever is less), 2 2

6 (a) Work incentive (WIN) credit (attach Form 4874). . . . 1. we eee
(b) Foreign tax credit (attach Form 1118). . . . .

7 Total of lines 6(a) and (b). 6 ww
8 Subtract line 7 from line5. 2. 2. a
9 Tax from recomputing a prior year WIN credit (attach computation). . . . . 2... ew ee
10 Total tax (add lines 8 and 9). Enter here and online 20, pagel. . . . . os

Schedule D.—Capital Gains and Losses (See Instructions for Schedule D)

ME Short-term Capital Gains and Losses—Assets Held ONE YEAR or Less

a Kind of property and description b, Date acquired ¢. Date sold | d. Gross sales price
(Example, 100 shares of “2” Co. (mo., day, yr.) (mo., day, yr.) | lessexpense of sale

f. Gain or (loss)

e. Cost or other basis idles e)

2 Unused capital loss carryover (attach computation) . 2 1 1 6 1 ee ee ee ee 2

3__Net short-term capital gain or (loss)... . : wee : a. | 3
Part Il Long-term Capital Gains and Losses—Assets Held More Than ONE YEAR

4__Enter section 1231 gain from Form 4797, line 6(a)(1). . . +.) ee ee 4

6 __Net long-tert Bi

ZUR Summary of Schedule D Gains and Losses

7 Enter excess of net short-term capital gain (line 3) over net long-term capital loss (line6) . . . . ©
8 Enter excess of net long-term capital gain (line 6) over net short-term capital loss (line » at
9 Total of lines 7 and 8. Enter here and on line 6(a), pagel. . . . . . . ee

Part iV] Alternative Tax Computation (Fiscal year organizations—Do not compute your alternative tax on Part
your alternative tax on Form 1120-POL—FY (1978-79) and attach it to Form 1120-POL.)

10 Taxable income (line 19, page 1). . 2 1 1 ee ee ee ee ee ee ee

11 Excess of net long-term capital gain over net short-term capital loss (line8) . . . . 2. 2. ewe

12 Subtract line 11 from line 10. . . . . ee

13 46% of the first $25,000 of taxable income on line 2 se ee ee ee ee

14 48% of taxable income on line 12 in excess of $25,000. . . 2 1 1 we ee ee ee

15 30% oflinell. . . woe woe

16 Alternative tax (total of lines 13, 14, and. 15). tf applicable, ‘enter here and on ‘Schedule ‘A, line 5. _. 16
Schedule K.—Record of Federal Tax Deposits Tax Class Number 503

(List Deposits in Order of Date Made—See Instruction 1)
Bt Amount Batt Amount Bepest Amount epost Amount

263-122-1


Form 1120-POL (1978)

Page 3

Schedule L.—Balance Sheets Beginning of Taxable Year End of Taxable Year
Assets (A) Amount ®) Total (C) Amount () Total
1 Cash: (a) Savings and interest-bearing accounts . . .
(b) Other, 2. ww ke ek ee
2 Accounts receivable net. . . . . 1 ee ee
3 Notes receivable net (attach schedule). . . . 2 1
4 inventories. . - . ee ee ee ee

5 Government obligations: (a) U.S, and instrumentalities .  .

(b) State, subdivisions thereof, etc. . . . 2. . 6 w
6 Investments in nongovernment bonds, etc, (attach schedule) .
7 Investments in corporate stocks (attach schedule). . . .
8 Loans:

(a) Mortgage loans (number of loans PB ______). .

(b) Other loans (attach schedule) . . 2 . 1 we
9 Other investments (attach schedule) . . . . . . .
10 Depreciable (depletable) assets (attach schedule):

(a) Held for investment purposes. . 2. 2 1. we
(b) Less accumulated depreciation . . 2. . 2. 1
(c) Held for campaign purposes. 2. 1 ew ee
(d) Less accumulated depreciation . . . 1. . . e
11 Land: (a) Held for investment purposes. . . . we
(b) Held for campaign purposes... 1 ww we
12 Other assets (attachscheduley). . 2 1 2 ew ee
13 Total assets... ee ee ee
Liabilities
14 Accounts payable. . . . 1 ee ee eee
15 Contributions, gifts, grants, etc. payable. . . . . .

16 Mortgages and notes payable (attach schedule) . . . .
17 Other liabilities (attach schedule). . . . 2. we
18 Totalliabilities. . . 2. 2. we ee ee

Net Worth (Fund Balances)
19 Principal Fund _._

20 Income Fund

21 Total Net Worth (Fund Balances)
22 Total liabilities and Net Worth (line 18 plus line a!

Schedule M.—Analysis of Changes in Net Worth

1 Total net worth at beginning of year—from Schedule L, line 21, column (B). . . 2. 1 ee

2 Enter amount from line17,pagel. 2 6 ee ee ee ee
3 Nontaxable income from contributions . . . 6 6 6 ee ee
4 Nontaxable income from other sources «2 1 1 ee ee ee ee ee ee te

5 Other increases not included above (itemize) >

6 Total (add lines 1 through 5). 1 6 1 we ee ee ee
7 Campaign expenses... ww ee ee ee ee ee ee ee ee ee
8 Expenses attributable to other nontaxable income . . . 6 ee ee ee ee ee
9 Other decreases not included above (itemize) >

10 Total of lines7,8and9... . . oo ee ee ee
11 Total net worth at end of year (subtract line 10 from line 6)—This equals Schedule Lyline ‘21, column ©.

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