Real Property Transfer Agreement - South Bend Heritage Foundation

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Southold Heritage Foundation, Inc. -3- Yoi rnust file Form 990, Return of Organlzaton Exernpt from Income Tax. You are required Eo file Forn 990 only if your gross receipts each year are nornally nore than $101000. If a return is required, it must be filed by the l5th day of Lhe fifth month after the end of your annual accounting period. The law imposes a penalty of $10 a day, up to a mnximum of $51000, when a return is filed late, unless there is reasonably cause for the delay You are not requl-red to file Federal income tax returns unless you are subject to the tax on unrelated busiuess income under section 511 of the Code. If you are subject to this taxr you rnust file an income tax.return on Form 990-T. In thls letter, we are not deter- mining whether aay of'your present or proposed activities are unrelated trade or business as defined in section 513 of the Code. You need an employer identification number even if you have no employees. If an employer identificatlon number was noE entered on your application, a number w-ill be assigned to you and you will be advised of it. Please use that number on all returns you file and in all correspondence with the Internal Revenue Service. Iale are infornlng your key District, Director of thi-st action. Because this letter could help resolve any questions about your exempt status and foundation statusr you should keep it Ln your permaneut records Ttris ruling letter supersedes the previous out.standing denial letter issued by the Cincinnati key District on May L4, L976. it yoo have any questions, please contact the person whose eme and telephone number are shown in the heading of this letter. Sincerely yours, d-z;r'r'4n-- Peter K. Bros Chief, Rulings Sectlon 2 Exempt 0rganizations Technlcal Branch