6.I.(2) Agreement Facade Matching Grant Program, Western Ave.

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;.'~~k,a,.~, Rnterpx•ise Associ.at~.on of South Bend, Inco Donors may deduct contributions to you as provided in section ~' caf the Codex Bequests, legacies, devises, transfers, or gifts =c:, t7sJL?. or for year use are deductible for federal estate and gift ',r_ar purposes if they meet the applicable provisions of sections %055 2.105® and 2522 of the Codex Dc:nors (including private foundations) may rely on this ruling '-~~~,_~ess the Internal Revenue Service publishes notice to the ~o_~~trary~ However, if you lose your 509 (a) status as shown above, cl.or>ars (ether than private foundations) may not rely on the ca assification shown above if they were in part responsible for, ~~° 'were awax°e of, the act that resulted in your loss of such :_tatus, or they acquired knowledge that the Internal Revenue S~~r`rice had given notice that you would be removed from that ~~lassificatione Private foundations may rely on the classification a~ long as you were not directly or indirectly controlled by them o- by disqualified persons with respect to themo However, private iou;.~dations may not rely on the classification shown above if they acquired knowledge that the Internal Revenue Service had given ~;o~._ice that you would be removed from that classification. If your organization conducts fund-raising events such as ,~enefit dinners, auctions, membership drives, etc., where something of. =value is received in return for contributions, you can help ycur clovers avoid difficulties with their income tax returns by .ssisting them in determining the proper tax treatment of their -c~.ztributions. To do this you should, in advance of the event, cetermine the fair market value of the benefit received and state :.: in your fund-raising materials such as solicitations, tickets, a-nd. receipts in such a way that your donors can determine how much s deductible and hcw much is not. To assist you in this, the Ser~rice has issued Publication 1391, Deductibility of Payments Made 'eo Organizations Conducting Fund-Raising Events. You may obtain co~~i_es of Publication 1391 from your key district office. In the heading of this letter we have indicated whether you m;_?sf=. file Form 990, Return of Organization Exempt from Income Tax. )_.~° Yes is indicated, you are required to file Form 990 only if your c;.coss receipts each year are normally more than $25,000. If your g-r_oss receipts each year are not normally more than $25,000, we ask .hat you establish that you are not required to file Form 990 by completing Part I of that Form for your first year, Thereafter, you '~ri1_l not be required to file a return until your gross receipts exceed the $25,000 minimum. For guidance in determining if your giro ss receipts are "normally" not more than the $25,000 limit, see the instructions for the Form 990. If a return is required, it crust be filed by the 15th day of the fifth month after the end of youL annual accounting period. A penalty of $10 a day is charged :r~,en a return is filed late, unless there is reasonable cause for