Part VI requests information regarding an organization’s
Part XI. Reconciliation of Net Assets
2025 Inst 990 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
Check the box in the heading of Part XI if Schedule O (Form 990) contains any information pertaining to this part.
Line 1. Enter the amount of total revenue reported in column (A) of Part VIII, line 12.
Line 2. Enter the amount of total expenses reported in column (A) of Part IX, line 25.
Line 3. Enter the difference between lines 1 and 2.
Line 4. Enter the amount of net assets or fund balances at the beginning of year reported in column (A) of Part X, line 32. This amount should be the same amount reported in column (B) of Part X, line 32, for the prior year’s return.
Line 5. Report the net unrealized gains or losses on investments reported in the organization’s audited financial statements (or other financial statements). This amount represents the change in market value of investments that weren’t sold or exchanged during the tax year.
Line 6. Report the value of services or use of facilities donated to the organization (net of services or use of facilities donated by the organization) reported as income or expense in the financial statements.
Line 8. Report the net prior-period adjustments during the tax year reported in the financial statements. Prior-period adjustments are corrections of errors in financial statements of prior years, or changes in accounting principles applied to such years. The errors may include math errors, mistakes in applying accounting principles, or oversight or misuse of facts that existed at the time the financial statements were prepared.
Line 9. Enter the total amount of other changes in net assets or fund balances during the year. Amounts to report here include losses on uncollectible pledges, refunds of contributions and program service revenue, reversal of grant expenses, any difference between FMV and book value of property given as an award or grant, and any other changes in net assets or fund balances not listed on lines 5–8. Itemize these changes on Schedule O (Form 990) and check the box in the heading of Part XI.
Line 10. Combine the amounts on lines 3 through 9. The total must equal the amount reported in column (B) of Part X, line 32.
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