The Internal Revenue Service requires non-profit corporations, such as the Pacifica Foundation, to file annual financial statements, even though they're tax exempt. These statements are filed on I.R.S. form 990.
We have obtained a copy of the Pacifica Foundation's most recent form 990 for the fiscal year ending September 30, 2000.
Among the interesting items are these:
Legal Expenses of $501,305.
A huge Miscellaneous expenditure of $1,523,318, which represents 14.89% of the annual Pacifica Foundation budget.
| .... | line # |
(A) Total | (B) Program Services |
(C) Management and General |
(D) Fundraising |
| .... | .... | .... | .... | .... | .... |
| Legal fees | 32 | 501,305 | 501,305 | ||
| .... | .... | .... | .... | .... | .... |
| Miscellaneous | 43a | 1,523,318 | 833,128 | 196,824 | 493,366 |
These figures are found on page 2 of form 990. And the form itself goes to 23 pages.
This pdf file, for which you will need the free Adobe Acrobat Reader, is 2.8 MB Pacifica Foundation Form 990 for Fiscal Year 2000.
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