Carolina Strive

General explanation attachment

“Carolina STRIVE has not sought nor received any financial support, at the time Carolina STRIVE received its 501(c)(3) tax exempt designation from IRS, the organization will seek financial support for its proposed program activites as a publicy supported non-profit corporation. for the purposes of charitable activities within Nash and Edgecombe Counties, North Carolina, and the surrounding areas. The desire of Carolina STRIVE to initiate projects, once adequate public financial support is secured in the areas of personal/professional citizenship development, renewable energy (enviromental preservation), athletics, health & wellness, and North Carolina education initiatives. The IRS has recignized that organizations involved in activities analogues to those described by Carolina STRIVE to qualify for exemption under Section 501(c)(3)as a charitable orgranization. The Corporation recognizes that community development is a process that may not be project specific at the ourset. However, we plan to proceed in the development of our programs in accordance with all regulatory procedures as set forth under Section 501(c)(3) of the IRS.The Corporation has not enterend into any lease, contracts, rental, loan or financing agreements. Subsequent to the receipt of a determination letter from the IRS, any all such agreement, tax credits, equity interest, tax exempt bonds and other offical documents will be duly recorded and maintained as a record in the public domain.”