Resource Management Foundation - Page 3




                                        - 3 -                                         

               On April 27, 1993, petitioner filed with the Commissioner a            
          Form 1023, Application for Recognition of Exemption Under Section           
          501(c)(3) of the Internal Revenue Code (application), in which it           
          sought recognition as a tax-exempt entity.  The application                 
          reported that petitioner's activities were:  (1) A school,                  
          college, trade school, etc., (2) other student aid, and (3) job             
          training, counseling, or assistance.  The information that                  
          petitioner provided to the Commissioner on and with the                     
          application was vague as to the specifics of these activities.              
          The application indicated that petitioner had not currently begun           
          any activity, except for organizational activities.  As to                  
          sources of financial support, the application stated:                       
               At the present time this organization does not have any                
               procedure for the generation of income other than * * *                
                          *    *    *    *    *    *    *                             
                    (a) Direct donations from the general                             
                         public at large,                                             
                    (b) Larger sums from various fund                                 
                         raising activities,                                          
                    (c) A possible "Thrift Store" type of                             
                         opera-                                                       
                         tion, and                                                    
                    (d) Donations of property (both                                   
                         personal and real) which can be                              
                         turned into cash, and                                        
                    (e)  Various others as may be recommended and                     
          implemented by the organization.                                            
               On December 13, 1993, the Commissioner mailed petitioner a             
          letter seeking clarification of the information that it had                 



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