Legends in Valor

“CASH CONTRIBUTION: 6,650”

“Expenses regist. & filing fees 75 storage fees 450 miscellaneous fees 111 total 636”

“Accrued expenses 1,325 1,325”

“The organization is for the purposes of honoring those police officers, firefighters and other civil servants who have also served in the military. The organization shall endeavor to increase the public's awareness of these individuals who live and work in their communities by disseninating information to the public regarding the valiant efforts of individuals who have selflessly served their country and offer opportunity for the community at large to share in the recognition and honoring these individuals. To achieve the forgoing, the organization shall have the power to conduct fundraising activities. Various fundraising events will take place, such as the sale of wearable items with the legends in valor, inc. Logo. Wearable items can be t-shirts and hats, but not limited to those specific items. Donations will also be accepted on the legends in valor, inc. Website. The main mission is to raise funds for other tax exempt organizations.”

“The organization's servcie program accomplishments are to hold various fundraising activities (events) during the year to sell wearable items (mostly t-shirts & hats) with the legends in valor, inc logo. These fundraising events will also solicit cash contributions in additon to proceeds received from the sales of wearble items. Those funds are given to other registered charities or veterans in need.”

“The organization has taken the tax position that the activity of selling wearable items (t-shirts & hats) is "substantially" related to the exercise and performance by the organization (legends in valor, inc.) of its charitable and educational purpose/function constituting the basis for its exemption under internal revenue code section 501. These wearable items have embroidered on them the legends in valor, inc. Logo which its purpose is to increase the public awareness of the organizations primary exempt purpose of honoring police officers, fire fighters and other civil servants that have also served in the military. The activity and purpose of selling these wearable items is clearly stated in the organizations certificate of incorporation,in its application for recognition of exemption filed with the internal revenue service on form 1023 and in its new york state registration statement for charitable organizations filed on form char 410 as how the organization will carry out its exempt purpose. As such, the organization is not carrying on an "unrelated trade or business" by selling these wearable items under internal revenue code section 513(a). In addition, since substantially all of the organizations work in selling these wearable items is performed for the organization by volunteers without compensation, this activity is specifically excluded from the term "unrelated trade or business" under internal revenue service code section 513(a)(1). Organizations vision: legends in valors vision is to ensure that all generations understand that simple selfless acts create true heroes. Legends in valor believes that it is our purpose to ensure that the sacrifices of everyday heroes are never forgotten and that future generations learn from these selfless actions and carry on the spirit of thoses everyday heroes that we have lost throught their actions everyday. Organizations mission: legends in valor is an organization rooted in the efforts of the wounded warrior project. The mission of legends in valor is to honor the firefighters and police officers who have made the ultimate sacrifice while fighting for their country as well as serving the wounded warriors upon their return home.”