18 NCAC 12 .0422             DOCUMENTS TO BE SUBMITTED BY NONPROFIT PRINCIPALS WITHOUT TAX EXEMPT DETERMINATION LETTER

A nonprofit principal which is not required to obtain a tax-exempt determination letter under 26 U.S.C. Sec. 501(c)(3) shall submit the following information to the Department together with its registration statement or authorization statement for which fee reduction or waiver is requested:

(1)           A statement signed pursuant to Rule .0418 of this Chapter verifying the nonprofit's federal tax-exempt status under 26 U.S.C. Sec. 501(c)(3);

(2)           A statement signed pursuant to Rule .0418 of this Chapter setting forth the reason(s) a tax-exempt determination letter is not required under 26 U.S.C. Sec. 501(c)(3); and

(3)           An IRS Form 990 if the nonprofit's revenues exceed twenty-five thousand dollars ($25,000).

History Note:        Authority G.S. 120C-101(a); 120C-201; 120C-207; 120C-600; 120C-603; 26 U.S.C. Sec. 501(c)(3);

Temporary Adoption January 1, 2007;

Eff. December 1, 2007.