Gateway Symphony of Staten Island Inc

“Client Note 1 - The return has been filed late by a very short period of time, it was on extension to May 15, 2017.The organization is inactive and there is only one remaining officer whose only involvement is receiving the monthly bank statement.Section 6652 of the Internal Revenue code provides for the imposition of a penalty for late filing of Form 990-EZ. The same section also provides for waiver of the penalty when reasonable cause exists.The organization has a long history of timely filing. As cited above the organization has been inactive for many years and has only one officer.This officer suffered the death of his spouse very late in 2016. He has been involved with all of the normal grieving associated with the loss of a loved family member and has been busy dealing with estate matters. It also became necessary to prepare his residence for sale and in fact the closing is scheduled for May 24, 2017.While important, the filing of the 990 on a timely basis was overlooked, but certainly not due to willful neglect.It is humbly requested that the Center grant a waiver of any penalties due to the circumstances described above which constitute reasonable cause.”

“Accrued Expenses - Beginning $850 Accrued Expenses - Ending $1700”