2017-448-E Arts - Northside Elementary PTA - 2017-18 Arts Grant Agreement

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DocuSign Envelope ID: D9AFB279-4BB8-4BEO-B6B5-342497BC18DB sib CaroIH Jayne President 3501 Glenwood Meow',Raleigh, NC;.27612 01911707-0534,(010)255-0417(NC) Fax,: (919)787-0569, www,acEtn,e.eg everychild.otir voice, ortiee(Onejoia,org May 6, 2013 President: ll.lorthside Elementary School PTA 350 Caldwell Street Chapel Hill,NC 27516 EIN: Dear PTA President: We arc pleased to inform you that your PIA is included in the P9A. 1, ortli Carolina Congress of Parents and'Teachers, Inc group income ta,x exompt ion., North Carolina IrIA's Group Exemption Number(GEN) is 8535. Contributioos to your organization may be treated as charitable contributions when donors calculate their federal income taxes. In addition,your organization is exempt from federal ineo,:lc taxes on its receipts. The internal Revenue Service states that organizations exempt from income taxes under Section 501(0(3)of the Internal Revenue code need not complete Form 990 &annual gross receipts arc not normally in excess of$50,000*. "Gross receipts" is defined as -me total income received from all sources during the annual accounting period, without subtracting any costs or expenseS". An organization with gross receipts that are normally $50,000 or less may file Form e-Postcard) instead of filing,Form 990 or form 990,1Z. Gross receipts are considered to be $50,000 or less if the organization is Up to a,year old arid has received $75,000 or less during its first year either in donations or pledges; (b) Between I and 3 ycats old and averaged $60,000 or less in gross receipts during each of its first 2 tax years; or 3 years old or more and averaged $50,000 or less in gross receipts ror the immediately preceding 3 tax years (including the year for which the return would he filed). If yon orc riot required TO Mc Form i 990, but receive the IRS fornt„you must check the box showing"income less than $50,000", sign and date the form,and return it to the IRS. Il'you are required to tile Form 990,you monist complete and attach Schedules A and B. Schedules A and B (Form 990) arc integral parts of Fenn 990 for Section 50 t(c)(3) organizations required to file this form. 'Therefore,any organization that does not submit completed Schedules A and B with its Form 990 does nor!satisfy its filing requirements. Form 990 or the 990-N e.pasteard most be filed by the 15th day of tire Midi month after t e end *I'your ruhnual accounting period. lithe return is filed laic, a penalty ot'S20 a day may be charged. The penalty is not to exceed the lcssrof$I0,000 or 5 percent of the orgarniation's gross receipts for the year, Also, a penalty may he charged if the return is filed incorrectly or incompletely„ Local units failing to nay membership dues annually are deleted from our rosier and are not eligible,for inclusion in the group income tax exemption, The Internal Revenue Service is notified when a VIA dissolves its affiliation with State and National PTA. As with all official documentation,please file this tenet with your PTA's permanent records in a safe. location. Sincerely, Jayne Tipton ----- President *As of 2010 tax,year, for returns filed in 2011. For the 2009 tax year and earlier,the anTlind gross income had to be not more than $25,000.