Form 990, if applicable. The School shall organize as, or be operated by, a nonprofit organization. If the School has obtained federal tax-exempt status as a 501(c) (3) organization, the School shall provide the Sponsor copies of any correspondence from the Internal Revenue Service (IRS) confirming the School’s 501(c)(3) status and will provide to the Sponsor a publicly disclosable copy of its annual Form 990 within 15 business days after filing it with the IRS. Notwithstanding anything set forth in this Charter, the Sponsor does not covenant to extend or pledge its own tax-exempt status in any way for the use and benefit of the School.
Form 990, if applicable. The School will annually provide the School Board with a copy of its Form 990, Return of Organization Exempt from Income Tax, and all accompanying schedules and attachments, within fifteen (15) days of filing with the IRS. If the IRS does not require Form 990 to be filed, the School will provide the School Board with written confirmation from the IRS of such non-requirement.
