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CE ID:2415521 2PR $0'97 9:21 No.O01P.06 <br /> <br />~.) ATTACHMENTS: <br /> <br />A.) Board of Dir,~:tor's Letter of Support for the Heritage Festival. (see attachment) <br />B.) IRS Tax-Exempt Determination L,,~ter (see below) <br /> <br />Per discussion with lames Duncan, Chairman of the (MC~O) Maple Grove Community Orga~i=~ttion, <br />501(c)(3) status is not required by the Federal or State government with certain non-profit <br />organizations. <br />Per our d/scus.s/on w/th Mr. Steve Borer of the Minnesota State Department of State for Non-Profit <br />Organizations the filing ora $01(c)(3) is not required under the Following conditions: <br /> <br /> 1.) All members of the orga~iT*tion receive no remuneration, no payment or no salary for <br />their services. <br /> 2.) The organization is a not for profit community organi:,~tion. <br /> 3.) The annual revenues for the organization do not exceed $2:5,000. <br /> 4.) The organization has established a charter document which explains thc structure and <br />purposes or goals ortho organization. <br /> <br />The Elk River Heritage Festival, Inc. is in compliance with all ofthe above requirements and therefore <br />the establishment ora $01(c)(3) is not required. <br /> <br />C.) Letters of Support from Local Organizations/Joint Venture (not applicable) <br />D.) Copy of recent financial statement. (See attachment(s)). <br /> <br />(~nelosed please find a copy of last years (1996) budget and last years gross revenues). <br /> <br />Page 5 of 5 <br /> <br />funds.elk <br /> <br /> <br />