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Laughing Horse Arts Foundation <br />91-'r211173 <br />Your organization is not required to file federalincome tax returns unless it is subject to the tax on unrelated <br />business income under section 511 of the Code. lf your organization is subject to this tax, it must file an <br />income tax retum on the Form 99&T, ExemptOrganization Business lncsrne Tax Retum. ln this letter, we <br />are not determinfng whether any of your organization's present or proposed activities are unrelated trade or <br />business as defined in section 513 af the Code, <br />The law requires you to make your organization's annual retum available for public inspection wlthout charge <br />forlhree years after the due date of the retum. lf your organization had a copy of its application for <br />recognition of exemption on July 15, 1987, it is also required to make available for public inspection a copy of <br />the exemption application, any supporting documents and the exemption leter to any individual who requests <br />such documents in peron or in writing. You can charge only a reasonable fee for reproduction and actual <br />postage costs for the copied materials. The law does not require you to provide copies of public inspection <br />documents that are widely availabte, such as by posting them on the lntemet (Wortd Wde Web). You rnay <br />be liable for a penalty of $2O a day for each day you do not make these documents available for public <br />inspectio+ {up-to * maximum. af $10r00&in-ihe cas€ of an aRruJaf retum}. <br />Because this letter could help resolve any quesCIons about your organization's exempt status and foundaiion <br />stahJs, you should keep it with the organization's permanent records. <br />lf you have any questions, please call us at the telephone number shown in the heading of this letter. <br />This letter affirms your organization's exempt status. <br />Sincerbly, <br />John E. Ricketts, Director, TffGE <br />Customer Account $ervices