Industrial Park at Transalta

“There are no Board of Directors meetings scheduled prior to the filing due date of the tax return. The 990 will be presented to the Board of Directors at its next meeting for review and questions.”

“The Executive Directors pay is discussed at the Board meeting prior to a change in compensation. The Board identifys what a reasonable compensation is from other similar organizations and then discusses when and if a change should be made. All changes in compensation are approved by the Board prior to the change.”

“There was only one employee, the Executive Director, for 2018. No other payroll decisions had to be made by the Board7”

“Available upon request at the business office”

“Form 990 Part III Line 1-Organizational Mission-The Industrial Park at Transalta plans to: 1. Market an industrial park located in Lewis County, WA. An area with Long Term high rates of unemployment 2. Work with High Schools in Lewis County, WA to increase retention of students and increase the existing low rates of high school graduation. 3. Work with Commumity Colleges in Lewis County, WA to increase and broaden skills training in the area. 4. Provide scholarships to individuals with financial need to attend community colleges in the area (Estimated to begin in the next 3 to 4 years). Due to the Covid-19 issues in 2020, we are requesting that any late penalties be waived. Our Director left the organization and our CPA needed additional time to file a complete and accurate return. There were many times where the emergency work (assisting clients in getting PPP loans and determining available cash and future operations)necessary to assist the CPAs clients continue business took priority over any tax return preparation or accumulating tax information. Our CPA is now getting caught up and has completed our 2020 tax return in conjuction with the 2019 return. Would you please waive any penalties for late filing.”