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I -3- HOYS APID GIRL CLIIB 08 T88 BIG a public charity for return filing purposes during your entire advance ruling period, you should file Porm 990 for each year is your advance ruling period that you sassed the $25,000 filing threshold even if your sources of support do not satisfy the public support teat specified is the heading of thla letter. If a return ie required, it moat be filed by the 15th day of the fifth month after the end of your annual accounting period. A penalty of $20 a day is charged when a return is filed late, ualeas there is reasonable cause for the delay. However, the maximum penalty charged cannot exceed S10,000 or 5 percent of your groea receipts for the year, whichever is lean. 8or organisations with gross receipts exceeding $1,000,000 is any year, the geaalty is 5100 par day per return, ualeaa there is rnasonable cause for the delay. The maximum geaalty for as orgaaiaatioa with gross receipts exceeding $1,000,000 shall not exceed $50,000. This geaalty may also be charged if a return is not complete. So, please be aura your return is complete before you file it. ,0 You era not required to file federal income tax retuzna ualeae you are subject to the tax oa unrelated busiaesa iacama under section 511 of the Code. If you era subject o this tax, you must file as iacame tax return on Porm 990-T, 8xempt Organ~satioa Sueiaees Income Tax Aetura. Ia thin letter we are not determining whether nay of your present or proposed activities are unre- lated trade or busiaesa as defined is aectioa 513 of the Code. .You are required to make your annual information return, 8orm 990 or Harm 990-HZ, available for public inspection for three years after the later of the due date of the return or the date the return is filed. You are also required to make available for public inapectioa your exemption application,' any supporting doeumeata, and your eaemptioa letter. Copies of these documents are also required to be provided to nay individual upon written or is person request without charge other than reasonable fees for copying and postage. You may fulfill this requirement by placing these documents on the Interne t. Penalties may be imposed for failure to comply with these requiremeata. Additional information~ia available is publication 557, Tax-Sxempt Status for Your Orgaaiaatioa, or you may call our toll free number shown above. ~ ~ ~ You need as employer identification number even if you have ao employees. If an employer identification number was not catered on your application, we will assign a number to you. and advise you of it. please use that number oa all returns you file and in all correspondence with the Internal Revenue Service. This determination is based on evidence that your funds are dedicated to the purposes listed in aectioa 501(c)(3) of the Code. To assure your continued exemption, you should keep records to show that funds are spent only for those purposes. If you distribute fuada to other organizations, your records should show whether they are exempt under section 501(c)(3). Ia cases where the ' recipient organisation is not exempt under aectioa 501(c)(3), you moat have evidenca•that the fuada will remain dedicated to the required purposes sad that the recipient will use the funds for those purposes. Latter 1045 (DO/CG)