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Page 19 of 21 <br /> <br />B.) <br />Applicable Financial Records to prove <br />eligibility: <br /> <br />The Town is exempt from filing a 990. See guidance from IRS below: <br />https://www.irs.gov/charities-non-profits/annual-exempt-organizationreturn- <br />who-must-file. Every organization exempt from federal income <br />tax under Internal Revenue Code section 501(a) must file an annual <br />information return except: <br />1. A church, an interchurch organization of local units of a church, a convention or association of churches <br />2. An integrated auxiliary of a church <br />3. A church-affiliated organization that is exclusively engaged in managing funds or maintaining retirement <br />programs <br />4. A school below college level affiliated with a church or operated by a religious order <br />5. Church-affiliated mission societies if more than half of their activities are conducted in, or are directed at <br />persons in, foreign countries <br />6. An exclusively religious activity of any religious order <br />7. A state institution, the income of which is excluded from gross income under section 115, <br />8. A corporation described in Section 501(c)(1) that is organized under an Act of Congress, an instrumentality <br />of the United States and is exempt from federal income taxes <br />9. A stock bonus, pension or profit-sharing trust that qualifies under Section 401(required to file Form 5500, <br />Annual Return/Report of Employee Benefit Plan) <br />10. A religious or apostolic organization described in Section 501(d) (required to file Form 1065, U.S. Return of <br />Partnership Income) <br />11. A governmental unit or an affiliate of a governmental unit that meets the requirements of Revenue <br />Procedure 95-48 PDF, 1995-2 C.B. 418 <br />12. A private foundation described in Section 501(c)(3) and exempt under Section 501(a) (required to file Form <br />990-PF, Return of Private Foundation) <br />13. A political organization that is a state or local committee of a political party, a political committee of a state <br />or local candidate, a caucus or association of state or local officials, or required to report under the Federal <br />Election Campaign Act of 1971 as a political committee <br />14. An exempt organization (other than a private foundation) that normally has annual gross receipts of <br />$50,000 or less and therefore is eligible to file an annual electronic notice Form 990-N instead of an annual <br />information return)* <br />15. A foreign organization, or an organization located in a U.S. possession, that normally has annual gross <br />receipts from sources within the United States of $50,000 or less and therefore is eligible to file an annual <br />electronic notice (Form 990-N instead of an annual information return) <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />DocuSign Envelope ID: 494A0BDA-FFC8-478D-826D-7FA71E3E3A5C