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- 3 - GIVING REWARDING OPPORTUNITIES TO a public charity for return filing purposes during your entire advance ruling period , you should file Form 990 for each year in your advance ruling period that you exceed the $ 25 , 000 filing threshold even if your sources of support do not satisfy the public support test specified in the heading of this letter . If a return is required , it must 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 , unless there is reasonable cause for the delay . However , the maximum penalty charged cannot exceed $ 10 , 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 $ 100 per day per return , unless there is reasonable cause for the delay . The maximum penalty for an organization with gross receipts exceeding $ 1 , 000 , 000 shall not exceed $ 50 , 000 . This penalty may also be charged if a return is not complete . So , please be sure your return is complete before you file it . 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 Code . If you are subject to this tax , you must file an income tax return on Form 990-T , Exempt Organization Business Income Tax Return . In this letter we are not determining whether any of your present or proposed activities are unre- lated trade or business as defined in section 513 of the Code . You are required to make your annual information return , Form 990 or Form 990-EZ , 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 inspection your exemption application , any supporting documents , and your exemption letter . Copies of these documents are also required to be provided to any individual upon written or in person request without charge other than reasonable fees for copying and postage . You may fulfill this requirement by placing these documents on the Internet . Penalties may be imposed for failure to comply with these requirements . Additional information is available in Publication 557 , Tax-Exempt Status for Your Organization , or you may call our toll free number shown above . You need an employer identification number even if you have no employees . If an employer identification number was not entered on your application , we will assign a number to you and advise you of it . Please use that number on 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 section 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 funds to other organizations , your records should show whether they are exempt under section 501 ( c ) ( 3 ) . In cases where the recipient organization is not exempt under section 501 ( c ) ( 3 ) , you must have evidence that the funds will remain dedicated to the required purposes and that the recipient will use the funds for those purposes . Letter 1045 ( DO / CG )