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3 <br />Urban Enterprise ,association of south Bend, Inc. <br />the delay. The maximum penalty charged cannot exceed $5,000 or 5 <br />percent of your gross receipts for the year, whichever is less. <br />This penalty may also be charged if a return is not complete, so <br />please be sure your return is complete before you file it. <br />You are required to make your annual return available for <br />public inspection for three years after the return is due. You are <br />also required to make available a' copy of your exemption <br />application, and supporting documents, and this exemption letteiF.` <br />Failure to make these documents available for public inspection may <br />subject you to a penalty of $10 per day for each day there is a <br />failure to comply (up to a maximum of $s, 000 in the case of an <br />annual return) . See internal Revenue service Notice 88--120, 1988-2 <br />C.B. 454, for additional information. <br />You are not required to file federal income tax returns unless <br />you are subject to the tax on unrelated business income under <br />section 511 of the Code.. If you are subject to this tax, you must <br />file an income tax return on Form 990--T, Exempt organization <br />Business Income Tax Return. In this letter we are not determining <br />whether any of your present or proposed activities are unrelated <br />trade or business as defined in section 513 of the Code. <br />You need an employer identification number even if you have: - <br />no employees. Please use that number on all returns you file and <br />in all correspondence with the internal Revenue service. <br />We are informing your key District Director of this ruling. <br />Because this letter could help resolve any questions about your <br />exempt status and foundation status, you should keep it in your <br />permanent records. <br />If you have any questions about this ruling, please contact <br />the person whose name and telephone number are shorn in the heading <br />of this letter. For other matters, including questions concerning <br />reporting requirements, please contact your key District Director. <br />Sincerely, <br />A. - <br />Jeanne S. Gessay <br />Chief, Exempt organizations <br />Rulings Branch 2 <br />