EFTA01390442.pdf

J EPSTBINWRRO/N ISLANDS FOUNDATION Bulletin 1967-2, stances. See Revenue Ruling 67-246, publiehed in Cumulative which sets forth guidelines regarding the deductibil ity, as chari- on page 104, made by taxpayers for admission. 4o!or other table contribUtiOns, of payments participat ion in fundraisin g activities for charity. n or You are required to tile Form 990-PF, Return of Private Foundatio as a Private Foundation . Form 990fPF must be Section 4947(4)(1) Trust Treated 15th day of the fifth month after the end of your annual account- filed by the when a return is filed late, ing period. A penalty of $20 a day is charged is reasonable cause ter the delay. However, the maximum penalty unless iheie charged cannot exceed $10,000 or 5 percent of -your gross receipts for the year, whichever is less. For organizati ons with gross receipts exceeding $1,000,000 in any year, the penalty is $100 per day per return, unless there is reasonable great cause for the delay. The maximum penalty fer:an organization with shall not -exceed $50,000. This penalty may also receipts exceeding $1,000,000 your return is be charged if a return is not Complete, so/Please be sure complete before you file it. You are not required to file Federal .incomii4Ftex. return* unless you are 511 of the Code. subject to the tax on unrelated business;irkCeeunder section are subject to this tax, you must( Le an income tax return on Form If you on Beninese InconiiIT aXletern. In this letter we 990-T, tempt Organisati .O.Cpresent or proposed activities are are not determining whether any. of YO unrelated trade or but:01,8e as defined inThsection 513 of the Code. You ere required to make certelwisturns available for public inspection date the for three }mare after. the later/Of the due date of the return or the return is filed. The returns required to bo made available for public 47(a)(1) inspection are Form 990-PP, Rettivn of Private Voundatien or Section!49 Nonexempt Charitable Trust IXeatod-as a Private Foundation, and Form 4720, Under 'Chapters 41 Return of Certain.Sxcise TaieirUp Charities and Other Persons and 42 of the Internal Revenue Cede. You are also required to make:available for public inspectio n your'esemp tiOn applicati on, any supporting documents, and your exemption letter. „isopieslio f theee:Aoc uments must provided to any individua l upon written or in person request without chirge other than reasonable fees for copyingankpoStage. You may- fulfill this requirement by -failure plaoing these documents on thielnternet. Penalties may he imposed for with these requiremen ts. Additiona l informatio n is availahle in to comply you may call car Publication 557, Tax-Exempt Status for Your Organization, or toll free number shown above. You need an employer identification number even it you have nolemployses. If an employer identification number was not entered on your application, • of it. Flukes use that number will be assigned to you and you will be advised number on all returns you file and in all correspon dence with the Internal Revenue Service. • This determination is based on evidence that your funds are dedicated To assure your to the purposes listed in section 501(c) (3,1 of the Code. are continued exemption, you should maintain, records to show that funds expended only for those purposes. If you distribute funds to other Letter 1076 (DO/CG) CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0094948 CONFIDENTIAL SDNY_GM_00241132 EFTA01390442