It depends. If you have a joint financial interest in the account (e.g., you co-own it), you would report it under Part III. However, if you only have signature authority over the account but no financial interest (e.g., you can access or manage the account but don't benefit financially), you would report it under Part IV.
You may need to file Form 8938 even if the account doesn't generate foreign income for you. The requirement to file depends on the value of the foreign financial assets and your filing status. For example, if you're a single-filer living in the U.S., you must file Form 8938 if the total value of your specified foreign financial assets exceeds $50,000 on the last day of the tax year or $75,000 at any time during the year. Since the account is used by your mom to receive income and not you, it might not count as your financial asset unless you have a financial interest in it and retain all rights to it as an account holder.
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