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DocuSign Envelope ID:3A2943C2-EE76-446E-9116-3566395E1533 <br /> If your gross receipts .,each year' are normally more than $5,000, <br /> you are required to file Form 990, Return of Organization Exempt • <br /> From Income Tax, by the 15th day of the fifth month after the end <br /> of your annual accounting period. The law imposes a penalty of $10 <br /> a day, up to a maximum of 15,000, failure to file a return on time. <br /> You are not required to file Federal income tax returns unless <br /> you are subject to the tax on unrelated business income under section <br /> 511 of the Code. If you are subject to this tax, you must file an income <br /> tax return on Form 990—T. In this letter. we are not determining whether <br /> any of your present or proposed activities are unrelated trade or <br /> business as defined in section 513 of the Code. <br /> You need an employer identification number even if you have no <br /> employees. If an employer identification number was not entered on <br /> your application, a number will be assigned to you and you will be <br /> advised of it. Please use that number an all returns you file and in <br /> all correspondence with the Internal Revenue Service. <br /> Please keep this determination letter in your permanent records. <br /> Sincerely yours, <br /> • <br /> /. / LI <br /> r`L'JG <br /> ;tempt Organization Specialist <br /> [ 404--526-4516 <br /> This determination letter is issued with the understanding that the <br /> school will schedule all classes determine and collect fees for the <br /> classes, and pay the instructors a salai7 not to exceed reasonable <br /> ccm3Densati.on for services performed. <br /> This ruling-g is based on evidence that you ha-re0a racially--iondiscr natory <br /> policy as to students. Re�erue Procedure 75--; t 46, <br /> sets forth guidelines and recordkeeping requirements for determining <br /> whether pr-•rate schools have racially nondiscriminatory policies as to <br /> students , To insure your continued exemption., you should maintain <br /> records to shove that you are in compliance i h all of the requirements <br /> of Revenue Procedure 75-50. <br /> This determination letter modifies our letter :f September 7, 1976 <br /> 5 1 )(3} tc_ ;:ne extent that it is <br /> �- <br /> holding you. a:r.�mut under s s ction C_ c �. <br /> inconsistent with this letter. <br /> Form 4-178(Rev. <br />