Agreement - Urban Enterprise Association of South Bend Inc - Homeowner Repair Program

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2 Cuban Enterprise Association of South Bend, Inc, Donors nay deduct contributions to you as provided in section 170 of the code. Bequests, legacies, devises, transfers, or gifts to you or for your use are deductible for federal..estate and gift' tax purposesx,if they m6et the applicable provisions of sections 2055, 2106, and 2522 of the Donors (including private foundations) may rely on this ruling unless the Internal Revenue Service publishes notice to the Your 509(a) status as shown above, contrary, However, if you lose y donors (other than private foundations) may not rely on the classification shown above if they were in partsponsossibl such or were aware 'of, the act that resulted in your status, or they acquired knowledge that the Internal Revenue service had given notice that you would be removed from that classification. Private foundations may rely on the classification as long as you were not directly or indirectly controlled b them or by disqualified persons with respect to them. However, private they foundations may not rely on the classification shown above if acquired knowledge that the Internal Revenue Service had given notice that you would be removed from that classification. If your organization conducts fund-raising events such as benefit dinners, auctions, membership drives, etc., where help Your of value is received in return for contributions, y ou candonors avoid difficulties with their er income treatment of returnsby assisting them in determining the prop contributions. To do this you should, 'in advance of the event, determine the fair market value of the benefit received andstate it in your fund --raising materials such as solicitations, and receipts in such a sway that your donors can determine how much is deductible and how much is not. To assist you in this, the Service. has issued Publication 13 9 �, Dedu� t� bAn� s . o Xau may obta�n V_O tJ .4-- copi.es of Publication 1391 from your key is ri - In the heading of this letter we have indicated whether you must file Form 990, Return of organization Exempt from Income Tax. If Yes is indicated, You are required to file Form 990 only if Your' gross receipts each year are normally more than $25,000. If your gross receipts each year are not normally more. than $25,000, we ask that you establish that you are not required to file Form 990 by completing Part I of that Form for your first year. ereafter, you will not be required to file a return until. your gross exceed the $25,000 minimum. For guidance in determining if your gross receipts are "normally" not more than the $25,000 limit, the instructions for the Form 990. If a return is required, it must be filed by the 15th day of thenffifth�o month $10 after day hecendged� your annual. accounting period.=_ A penalty o when a return is filed late, unless there is reasonable cause for