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-2- ELLEN.SBURG RODEO TIAI,L OF FAME >'o-o CJ of' the act or failure to act, or the substantial or naterial chapte orr r.hepart of the organizatj-on ttrat resulted in your loss of such statusr or j.f he orshe acquired knowledge that the rnternal Rlvenue service had given notice thatyou would no lonter be classified as a section 509(a)(2) organization. Donors may deduct contributions to you as provi.ded in section 170 of thecode. Bequests,_ legacies, devises, transferr, or gifts to you or for your lrseare deductible for federal estate and ei.fi t"* p"rpo"es if they meet theapplicable provisions of code sections 2oss, zroa, and 2s22. contribution deducti-ons are allowable to donors only to the extent thattheir contributions are gifts, with no consideration received. Ticket pur-chases and similar Paynents in conjunction with funrlraislng events may notnecessarily qualify as deductible contributions, depending on the circum-stances, see Revenue Ruling 67-246, publisneJ-in crrmulative Bulletin 196l-2,on pa8e 104' which sets forth guidelines regardin* atu deductibili.ty, as chari-table contributions, of paynenfs made by taxpayers for admissiorr to or otherparticipation in fundraising activities for ctrarity. rn the heading of this letter tre have indicated uhether you rnust file Form990' Return of organization Exernpt From rncor" iax. rf yes is inJicated, youare required to file Form 990 only if your gross receipts each year arenormally more than $25,000. However, ir you receive a Form 990 package in thernail, please file the return even if'you io not exceed the tross receipts test.If you are not required to file, simply attaclr the label provided, check thebox in the heading to indlcate ihat you. annual Bross reeeipts are normally$251000 or less, and sign the retllrn. rf a return is required,-it nusr be fil.eil by the l5th day of the fj-fthmonth after the end of your annual accounting p"rioa. A penalty of g20 a d.ayis charged when a return is filed late, unless-there is reasonable cause forthe delay. llowever, the maximum penaliy charged cannot exceed g10,000 or5 percent of your gross receipts ior tt,i y"url-wnicnever j.s ress. Fororganizations with gross receipts exeeeding $i,000,000 in any year, the penaltyis $100 per day per return, unless there is reasonable cause'f6r the delay,The maximum penalty for an organization with 6,ross receipts exceeding$1,000,000 shalt not exceed $50,000. rfris peiaiiv *rv also be charsed if areturn is not complete, so be sure your return is complel-e before you file it. You are reqtrired to make your annual infornati.on return, Forrn 990 orForm 990-EZ, available for public inspecEion fr:r three y€ars after the laterof the due date of the return or the date the return ls filed. you are alsorequired to make availabl.e for public inspection your exenption application,any supporting docurnents, antl your exemption tet. ter. Cnpies of tlresedocuments are al.so required to be providetl to any iurlj.vitlual upop written or inperson request wi.thout charge other than reasonable fees for copying anapostage. You may fulfill this requirement by placing these documents on thernternet' Penalties may be imposed for failirre to eonply wi.th tlreserequirenents. Additional lnformatlon is available i.n -puitication 557,Tax-Exempt status for your 0rganization, or you may call otrr toll fr-eenunber shown abcrve, Letter 947 (In/CC)