- 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 hadPage: Previous 1 2 3 4 5 6 7 8 Next
Last modified: May 25, 2011