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DocuSign Envelope ID:2DC91 B42-0BEB-408E-9CE4-9D1485667114 <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 .$3,000, . for 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 /> 5.11 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 on 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 /> ;tempt Organization Specialist <br /> } 404-525 .451.6 <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 Gay the instructors a salaky not to exceed reasonable <br /> comnensatiori for services performed. <br /> This ruling is based on evidence that you have a racially nondiscrimi.n_atory <br /> ndicy as to students. Revenue Procedure 75-501 ERB 1975-49, page 46, <br /> sets forth Euidelines and recordkeeping requirements for determining <br /> whether private schools have racially nondisc;i.n:.natery policies as to <br /> students , To insure your continued exemption, you should maintain <br /> records to show that you are in compliance wiT4,4 :,7 l 'of the requirements <br /> of Revenue Procedure 75-504 <br /> This determination letter modifies cur letter °:>: September 7, 1976 <br /> holding you e.wmuh under section 501(c)(3) tc -',_e extent that it i.s }, <br /> jnccnsist s^t.. with this letter. <br /> Forrn L-L7m3 (Rev.P 77i <br />