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The Thunder Board and the booster clubs are recognized as exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code. The Thunder Board is organized exclusively for charitable and educational purposes, including the making of distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code. The Thunder Board is also classified as a public charity under Sections 509(a)(1) and 170(b)(1)(A)9vi) of the code.
