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,2 <br />Laughing Horse Arts Foundation <br />91-1211173 <br />Your organization is not required to file federal income tax returns unless it is subject to the tax on unrelated <br />business income under section 511 of the Code. If your organization is subject to this tax, it must file an <br />income tax retum on the Form 99S-T, Exempt Organization Elusiness lncorne Tax Retum. ln this letter, we <br />are not determining whether any of your organization's present or proposed activities are unrelated trade or <br />business as defined in section 513 of the Code. <br />The law requires you to make your organization's annual retum availahle fcr public inspection without charge <br />for three years after lhe due date of the refum. 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 letter to any individual who requests <br />such documents in person 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 inspeclion <br />documents that are widely available, such as by posting them on the lnternet (Wortd Wde Web), You may <br />be liable for a penalty of $20 a day for each day you do not make these documents available for public <br />inspee*ion {up-to a maxirnum sf $1{3,OCI*-in the case of ar"l aRnuai retu:nl <br />Because this letter could help resolve any questions about your organization's exempt status and foundation <br />status, you should keep it with lhe 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 />-I'his letter affirms your organization's exempt stiatus. <br />Sincerbly, <br />{au <br />John E. Ricketts, Director, TEIGE <br />Customer Account Servlces