THE CHICAGO LITERARY CLUB


I.R.S. TAX LETTER


Internal Revenue Service      Department of the Treasury

District 
Director
                         Person to contact: EO:TPA

                         Telephone Number: 1-800-829-1040
                                     312-435-1040 
CHICAGO LITERARY CLUB
C/O JOHN NOTZ, JR.
P.O. BOX 350                   Refer Reply to: 94-2377
KENILWORTH, ILLINOIS 60043-0350

                          Date: July 12, 1994

               RE: EXEMPT STATUS
               EIN: 51-0235622           
This is in response to the letter, dated June 28, 1994, regarding your status as an organization exempt from Federal income tax.

Our records indicate that a ruling letter was issued in December 1944, granting your organization an exemption from Federal income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1954. Our records also indicate that your organization is not a private foundation but one that is described in Section 509(a)(1) & 170(b)(1)(A)(vi) of the Internal Revenue Code.

Contributions made to you are deductible by donors in computing their taxable income in the manner and to the extent provided in Section 170 of the Internal Revenue Code.

If your gross receipts each year are normally $25,000 or more, you are required to file Form 990, Return of Organizations Exempt from Income tax by the fifteenth day of the fifth month after the end of your annual accounting period.

You are not required to file Federal income tax returns unless you are subject to the tax on unrelated business income under Section 511 of the code. If you are subject to this tax, you must file an income tax return on F-990-T.

If any questions arises with respect to your status for Federal income tax purposes, you may use this letter as evidence of your exemption.

This is an advisory letter.
                              Sincerely yours,
                              /s Marilyn W. Day
                              Marilyn W. Day
                              District Director

Return to Main Menu