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�r • . Y r 0*7 � `'5T PETERHUMAN S S . YOU would no longer be classified as a section 509 ( a ) ( 1 ) organization yam, ; Donors may deduct contributions to you as provided in section l7 of the Code . Bequests , legacies , devises , transfers , or gifts to you or for your use are deductible for federal estate and gift tax purposes if tney meet he applicable provisions of Code sections 2055 , 2106 , and 2527 . Cantriouticn deductions are allowable to donors only to the exte t that their contributions are gifts , with no consideration received . Tick2 _ Pur - cruses and Similar paymentS in conjunction with fundraisinq events ma not necessarily qualify as deductible contributions , depending on the cin uA - i stances . See Revenue Ruling 67 - 246 , published in Cumulative Bulletin 1967 - 2 , i on page 104 , which sets forth guidelines regarding the deductibility , as chari - table contributions , of payments made by taxpayers for adaiss ion to 0 w other participation in fundraising activities for charity . ; In the heading of this letter re have indicated whether you must file Fora 990 , Return of Organization Exempt From Income Tax . If Yes is indica Ied , you are required to file Fora 990 only if your gross receipts each year Are normaLly *are than $25 , 000 _ However , if you receive a Fora 990 packs a in the t sail , please file the return even iT you do not exceed the gross receipts test . I ` you are -not required to file , simply attach the label provided , check the box in the heading to indicate that your annual gross receipts are no aally S= 1000 or less , and sign the return . If a return is required , it - oust be filed by the 15th day of the fifth monthafter the end of your annual accounting period . A penalty of S 0 a day is charged when a return is filed late , unless there is reasonable Cause for the delay . However , the maximum penalty charged cannot exceed SL0 , 000 or 5 percent of your gross receipts for the year , whichever is less . For organizations with gross receipts exceeding $ 1 , 000 , 000 in any Year , the penalty is 5100 per day per return , unless there is reasonable cause fc. r the delay . The maximum penalty for an organization with gross receipts exceeding ; 110001000 shall not exceed 550 , 000 . This penalty say also be charqed if a return is not complete , so be sure your return is complete before you file it . You are required to sake your annual return available for public inspection for three years after the return is due . You are also required to sake available a copy of your exeoptien application , any supporting documents , and this exemotion letter . Failure to make these document available for public inspection may subject you to a penalty of _ S20 r day for each day there is a failure to comply ( up to a maximum of 5101000 in the case of an annual return ) . 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 Cade . If you are subject to this tax , you must file an income tax return+ on Fora 990 - T , Exempt Organization Business Inco ■ e Tax Return _ In this Tette we are not determining wnetner any of your present or proposed activities are unre^ lated trade or business as defined in section 51Z of tae Code . LeOft tem 947