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Page 3 <br />Latino Center for Prevention and Action in Health and Welfare <br />fund raising events may not necessarily qualify as deductible <br />contributions, depending on the circumstances. See Revenue Ruling <br />67-246, Published in Cumulative Bulletin 1967-2, on page 104, which <br />sets forth guidelines regarding the deductibility, as charitable <br />contributions, of payments made by taxpayers for admission to or <br />other participation in fundraising activities for charity. <br />You are required to file Form 990, Return of Organization <br />Exempt from Income Tax, only if your gross receipts each year are <br />normally more than $25,000. However, if you receive a Form 990 <br />package in the mail, please file the return even if you do not <br />exceed the gross receipts test. If you are not required to file, <br />simply attach the label provided, check the box in the heading to <br />indicate that your annual gross receipts are normally $25,000 or <br />less, and sign the return. <br />If a return is required, it must be filed by the 15th day of <br />the fifth month after the end of your annual accounting period. A <br />penalty of $i0 a day is charged when return is filed late, unless <br />there is reasonable cause for the delay. However, a maximum penalty <br />charged cannot exceed $5,000 or 5 percent of your gross receipts for <br />that year, whichever is less. This penalty may also be charged if a <br />return is not complete, so please be sure your return is complete <br />before you Tile it. <br />You are not required to file Federal income tax returns unless <br />you are subject to the tax on unrelated business income under <br />section 511 of the Code. If you are subject to this tax, you must <br />file an income tax return on Form 990-T, Exempt Organization <br />Business Income Tax Return. In this letter, we are not determining <br />whether any of your present or proposed activities are unrelated <br />trade or 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 <br />in all correspondence with the Internal Revenue Service. <br />Because this letter could help resolve any questions about your <br />exempt status and foundation status, you should keep it in your <br />Permanent records. <br />If the heading of this letter indicates that a caveat applies, <br />the caveat below or on the enclosure is an integral part of this <br />letter. <br />If you have any questions, please contact the person -whose name <br />and telephone number are shown in the heading of this letter, <br />