; and (2) its status as an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of that code. (c) Required terms and conditions; contractual authority for administration through nonconflicting agreement with other organization or entity A cooperative agreement under this section shall contain such terms and conditions as the Secretary deems appropriate and shall provide that— (1) the Secretary and the Comptroller General, or their duly authorized representatives, shall have reasonable access, until the expiration of five calendar years after the close of the applicable business year, to any pertinent books, documents, papers, and records of the Friends of Claude Moore Colonial Farm to make audits, examinations, excerpts, and transcripts; (2) the Friends of Claude Moore Colonial Farm shall prepare an annual report to the Secretary, which shall also be submitted to the appropriate committees of the United States House of Representatives and the United States Senate, summarizing the activities of the previous year (together with a comparison of goals and objectives with actual accomplishments) and presenting a plan for the forthcoming year; (3) such cooperative agreement may be terminated at the convenience of the United States if the Secretary determines that such termination is required in the public interest