Real Property Transfer Agreement 723 W Wayne - South Bend Heritage Foundation

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- -3 - A • ' Southold Heritage Foundation, Inc. You must file Form 990, Return of Organizaton Exempt from Income Tax. You are required to file Form 990 only if your gross receipts each year are normally more than $10,000. If a return is required, it must be filed by the 15th day of the fifth month after the end of your annual accounting period. The law imposes a penalty of $10 a day, up to a maximum of $5,000, when a return is filed late, unless there is reasonably cause for the delay. You are not required to file Federal income tax returns unless you are subject to the tax on unrelated business income under section 511 of the Code. If you are subject to this tax, you must file an income tax.return on Form 990-T. In this letter, we are not deter- mining whether any 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 identification number was not entered on your application, a number will 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. We are informing your key District Director of this action. Because this letter could help resolve any questions about your exempt status and foundation status, you should keep it in your permanent records. This ruling letter supersedes the previous outstanding denial letter issued by the Cincinnati key District on May 14, 1976. ff you have any questions, please contact the person whose name and telephone number are shown in the heading of this letter.