2004-229R - Laserfiche WebLink

Home Browse Search

OCT - 29 - 2004 08 : 54 AM CULTURAL . COUNCIL . IRC 77277234013 Pool Internal Revenue Service Department of the Treasury P . O. Box 2508 Cincinnati, OH 45201 Date ; February 15 , 2000, Person to Contact: Vicki Adams 31 -04011 Customer Service Representative Cultural Council of Indian River County, Inc . Toll Free Telephone Number : 214514 M Ave . Ste , 11 877-829-5500 Vero Beach , FL. 32960-4413 Fax Number : 513-263 -3756 Federal identification Number: 59-3299133 Dear Sir or Madam : This letter is in response to cur receiving your correspondence concerning your Advanced Ruling period which has been satisfied . Our records have been changed to reflect this . This letter will take the place of the copy you requested , Our records indicate that a determination letter issued in February 1996 granted your organization exemption from federal income tax under section 501 (c)(3) of the Internal Revenue Code . That letter is still In effect. Based on information subsequently submitted, we classified your organization as one that is not a private foundation within the meaning of section 509(a) of the Code because It is an organization described in section 509(a)(2) . This classification was based on the assumption that your organization's operations would continue as stated in the application . If your organization's sources of support, or Its character, method of operations , or purposes have changed , please let us know so we can consider the effect of the change on the exempt status and foundation status of your organization . Your organization is required to file Form 990 , Return of Organization Exempt from Income Tax, only if its gross receipts each year are normally more than $ 25 ,000. if a return is required , it must be filed by the 15th day of the fifth month after the end of the organization's annual .accounting , pedod . The law imposes a penalty of $20 a day , up to a maximum of $ 10 , 000 , when a return is filed late , unless there is reasonable cause for the delay . All exempt organizations (unless specifically excluded) are liable for taxes under the Federal insurance Contributions Act (social security taxes) on remuneration of $ 100 or more paid to each employee during a calendar year. Your organization Is not liable for the tax imposed under the Federal Unemployment Tax Act ( FUTA) . Organizations that are not private foundations are not subject to the excise taxes under Chapter 42 of the Code , However , these organizations are not automatically exempt from other federal excise taxes . Dono7s may deduct contributions to your organization as provided in section 170 of the Code . Bequests , legacies , devises , transfers , or gifts to your organization or for its use are deductible for federal estate and gift tax purposes If they meet the applicable provisions of sections 2055 , 2106 , and 2522 of the Code .