Form 50-118 - Application For Youth Development Organization Property Tax Exemption Page 2

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P r o p e r t y T a x

A p p l i c a t i o n f o r Y o u t h D e v e l o p m e n t O r g a n i z a t i o n P r o p e r t y T a x E x e m p t i o n

Form 50-118

STEP 3: State or National Affiliation

Is the organization affiliated with a state or national organization whose primary purpose is promoting the

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spiritual, mental and physical development of youths? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

___________________________________________________________________________________________________

Name of State / National Organization

___________________________________________________________________________________________________

Mailing Address if Different from Above

_____________________________________________________________________

____________________________

City, State, ZIP Code

Phone (area code and number)

STEP 4: Answer these Questions about the Organization

1. Is this organization’s primary purpose to promote the spiritual, mental and physical development of boys, girls,

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young men or young women? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

2. In the past year has the organization loaned funds to, borrowed funds from, sold property to or bought property

from a shareholder, director or member of the organization, or has a shareholder or member sold his interest in

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the organization for a profit? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

If “YES,” attach a description of each transaction. For sales, give buyer, seller, price paid, value of the property sold and

date of sale. For loans, give lender, borrower, amount borrowed, interest rate and term of loan. Attach a copy of note, if any.

3. Does the organization operate in such a manner that does not result in the accrual of distributable profits, the distribution

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of profits or the realization of any other form of private gain? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

4. Please attach a narrative statement describing the organization’s activities. Describe in detail what activities contribute to

spiritual, mental and physical development of boys, girls and young adults.

Also describe any other functions which the organization performs.

STEP 5: Answer these Questions about the Organization Bylaws or Charter

Please attach a copy of the charter, bylaws or other documents adopted by the organization which govern its affairs, and answer the following questions.

1. Does the organization use its assets in performing its youth spiritual, mental and physical development functions or of

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those of another youth development organization? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

2. Do these documents direct that on the discontinuance of the organization, the organization’s assets are to be transferred

to the State of Texas, the United States, or to an educational, religious, charitable or other similar organization that is

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qualified for exemption under Section 501(c)(3), Internal Revenue Code, as amended? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

________

If “YES,” give the page and paragraph numbers.

Page

Paragraph

STEP 6: Describe the Property for Which you are Seeking an Exemption

PROPERTY TO BE EXEMPT: