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<br /> <br /> <br /> <br /> <br /> -2- <br /> BOYS AND GIRL CLUB OF THE BIG <br /> <br /> a final determination of your foundation status. <br /> <br /> If we publish a notice in the Internal Revenue Bulletin stating that we <br /> will no longer treat you as a publicly supported organisation, grantors and <br /> contributors may not rely on this determination after the date we publish the <br /> notice. In addition, if you lose your status as a publicly supported organi- <br /> sation, and a grantor or contributor was responsible for, or was aware of, the <br /> act or failure to act, that resulted in your loss of such status, that person <br /> may not rely on this determination from the date of the act or failure to act. <br /> Also, if a grantor or contributor learned that we had given notice that you <br /> would be removed from classification as a publicly supported organisation, then <br /> that person may not rely on this determination as of the date he or she <br /> acquired such knowledge. <br /> If you change your sources of support, your purposes, character, or method <br /> of operation, please leif us know so we can consider the effect of the change on <br /> your exempt status and; foundation status. If you amend your organisational <br /> document or bylaws, please send us a copy of the amended document or bylaws. <br /> Also, let us know alV changes in your name or address. <br /> As of January 1, 1984, you are liable for social security taxes under <br /> the Federal Insurance Contributions Act on amounts of $100 or more you pay to <br /> each of your employees during„a calendar year. You are not liable for the tax <br /> imposed under the Federal Unemployment Tax Act (FOTA). <br /> Organisations that are not private foundations are not subject to the pri- <br /> vate foundation excise taxes under Chapter 42 of the Internal Revenue Code. <br /> However, you are not automatically exempt from other federal excise taxes. if <br /> you have any questions about excise, employment, or other federal taxes, please <br /> let us know. <br /> Donors may deduct contributions to you as provided in section 170 of the <br /> Internal Revenue Code. Bequests, legacies, devises, transfers, or gifts to you <br /> or for your use are deductible for Federal estate and gift tax purposes if they <br /> most the applicable provisions of sections 2055, 2106, $ and 2522 of the Code. <br /> Donors may deduct contributions to you only to the extent that their <br /> contributions are gifts, with no consideration received. Ticket purchases and <br /> similar payments in conjunction with fundraising events may not necessarily <br /> qualify as deductible contributions, depending on the circumstances. Revenue <br /> Ruling 67-246, published in Cumulative Bulletin 1967-2, on page 104, gives <br /> guidelines regarding when taxpayers may deduct payments for admission to, or <br /> other participation in, fundraising activities for charity. <br /> Contributions to you are deductible by donors beginning MAY 30, 2002. <br /> You are not required to file Form 990, Return of Organisation Exempt From <br /> Income Tax, if your gross receipts each year are normally $25,000 or less. if <br /> you receive a Form 990 package in the mail, simply attach the label provided, <br /> check the box in the heading to indicate that your annual gross receipts are <br /> normally $25,000 or less, and sign the return. Because you will be treated as <br /> Letter 1045 (DO/CG) <br />