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2 <br />Urban Enterprise Association of South Bend, Inc. <br />Donors may deduct contributions to you as provided in section <br />170 of the Code. Bequests, legacies, devises, transfers, or gifts <br />to you or for your use are deductible for federal estate and gift <br />tax purposes if they meet the applicable provisions of sections <br />2055, 2106, and 2522 of the Code. <br />Donors (including private foundations) may rely on this ruling <br />unless the Internal Revenue Service publishes notice to the <br />contrary. However, if you lose your 509(a) status as shown above, <br />donors (other than private foundations) may not rely on the <br />classification shown above if they were in part responsible for, <br />or were aware of, the act that resulted in your loss of such <br />status, or they acquired knowledge that the Internal Revenue <br />Service had given notice that you would be removed from that <br />classification. Private foundations may rely on the classification <br />as long as you were not directly or indirectly controlled by them <br />or by disqualified persons with respect to them. However, private <br />foundations may not rely on the classification shown above if they <br />acquired knowledge that the Internal Revenue Service had given <br />notice that you would be removed from that classification. <br />If your organization conducts fund-raising events such as <br />benefit dinners, auctions, membership drives, etc., where something <br />of value is received in return for contributions, you can help your <br />donors avoid difficulties with their income tax returns by <br />assisting them in determining the proper tax treatment of their <br />contributions. To do this you should, in advance of the event, <br />determine the fair market value of the benefit received and state <br />it in your fund-raising materials such as solicitations, tickets, <br />and receipts in such a way that your donors can determine how much <br />is deductible and how much is not. To assist you in this, the <br />Service has issued Publication 1391, Deductibility of Payments Made <br />to Organizations Conducting Fund-Raising Events. You may obtain <br />copies of Publication 1391 from your key 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 $25,000. If your <br />gross receipts each year are not normally more than $25,000, we ask <br />that you establish that you are not required to file Form 990 by <br />completing Part 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 <br />must be filed by the 15th day of the fifth month after the end of <br />your annual accounting period. A penalty of $10 a day is charged <br />when a return is filed late, unless there is reasonable cause for <br />