5.0. SR 04-23-2001 - Laserfiche WebLink

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Internal Revenue Service Date:I In ~'eply taler lo: ~,.SS Sr~ec Septe~er 1, 1~7[ StP:~:77-1110;~:, Elk River Comity ~eat~ P. O. ~x 191 Elk River, I~nnesota 5~3~ Accounting Period .Ending: June ~0 Purpose: Educational Gentlemen: Based on information supplied, and assuming your operations will be as stated in your application for recognition of exemption,'we have determined you are exempt from Federal income tax under section 501(c)(3) of tho Internal Revenue Code. We have further determined you are not a private foundation within the mean- ing of sectioo 509{a) of tho Code, becausd you are an organization described in sec tion You are not liable for social security (FICA) taxes unless you file a waiver of exemption certificate as provided in tho Federal Insurance Contributions Act. You are not liable for the taxes imposed under tho Federal Unemployment Tax Act (FUTA). Since you are not a private foundation, you are not subject to the excise taxes 'under Chapter 42 of the Code. However, you are not automatically exempt from other Federal excise taxes. Donors may deduct contributions to you as provided in section 170 of the Code. Bequests, legacies, devises, transfers, or gifts to you or for your use are deductible for Federal estate and gift tax purposes under sections 2055, 2106, and 2522 of the Code. If your purposes, character, or method of operation is changed, you must let u~ know so we can consider tile effect of the change on your exempt status. Also, you must inform us of all chan~es in your name or address. If your gross receipts each year are normally more than ~10000. you are re- quired to file Form 990. Return of Organization Exempt From Income Tax, by the 15th day of tile fifth month after the end of your annual accounting period. The law imposes a penalty of $10 a day, up to a maximum of $5,000, for £ailuro to file a return on time. ' You are not require~ to file Federal income tax returns unless you are sub- ject 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 rdtur~ on Form 990-T. In this letter we are not d~terminlng whether any of your present or proposed activi- ties are unrelated trade or business as defined in section 515 of the Code. You need an employer identification number even if you have no employees. If an employer identification number was not entered on your application, a number will be assigned to you and you will be advised of it. Please use that number on all returns you file and in all correspondence with the Internal Revenue Service. Please keep this. determination letter in your permanent records. Sinqerely/~ou r.~, District Director Form L-178 (Rev. 7-71)