Laserfiche WebLink
?_0 <br />2 <br />Urban Enterprise Association of South Bend, Inc. <br />I I events such as <br />If your organization c <br />auctions,benefit dinners, membership ■ g <br />of value is . <br />ur <br />donors ^• • difficulties <br />• • • • . w • • <br />• them in determining the proper tax treatment of <br />assisting <br />contributions. - To do, this • should, of <br />determine the fair market value of - benefit _ - <br />At in • • materialssolicitations, <br />and receipts in such a way that your donors determine how <br />deductibleis • how much is! not. <br />Service has issued Publication.• • ^ r^ <br />to ons Condu <br />copies of Publication 1391 from • district office. <br />In the heading of this letter we have indicated whether you <br />must file Form 990, Return of organization Exempt from Income Tax. <br />If Yes is indicated, you are required to file Form 990 only if your, <br />gross receipts each year are normally more than $23,000.k If your <br />gross receipts each year are not normally more than 2 ,000, e ash <br />that you establish that you, are not required to file Form 990 by <br />completing Fart I of that Form for your first year. Thereafter, <br />you will not be required to file a return until your gross receipts <br />exceed the $25,000 minimum. For guidance in determining if your <br />gross receipts are "normally" not more than the $25, 000 limit, see <br />the instructions for the Form 990. If�a return is required it-i <br />must be filed by e l nth day of the fifth month after the end ofl <br />your annual accounting period.A penalty of $1.0 a day is charged. <br />when a return is filed late, unless there is reasonable cause for <br />!, 7. fir. <br />