Empresas Apari

“The corporation have only one member and is the person in charge to prepare and submit the form 990”

“Any person interested in governing documents, conflict of interest policy and financial statement can used to the followings: phone calls, visit the office, received the information by email.”

“Explanation of Difference in Reported Income and 1099-C Data On December 6, 2019, Empresas APARI, Inc. (the "Taxpayer") and the United States Department of Agriculture ("USDA") subscribed a Stipulation Regarding Sale of Loan Collateral and Payment to USDA (the "Stipulation"). Pursuant to the Stipulation, APARI owed the USDA the following amounts as of December 6, 2016: Promissory Notes: $45,000.00 $150,000.00 Principal: $39,842.18 $150,000.00 Interest Accrued: 43,564.42 95,792.55 Total: $83,406.60 $245,792.55 On such date, the Taxpayer made a certified check payment for the settled amount of $150,000 to USDA in full satisfaction of the debt. Taxpayer reported the consequences of the transaction on the Return of Organization Exempt from Income Tax (Form 990) filed for the tax year 2019. However, Taxpayer received a Form 1099-C for the 2020 tax year as the USDA processed the cancellation of the promissory notes on February 21, 2020. The cancellation of debt was reported in Form 990 for the tax year 2019, the year the cancellation occurred.”

“Describe the organization programa: Our program is protect, preserve and maintenance our sixteen acres of Native Forest named as El Rabanal Eastment, that consist in 58% of native forest, 35% of srub, 7% development land and water pond. According to the professionals in conservation planners, biologist and natural resources scientist, in a site visit to the forest conducted in October 2010, identified 21 species of birds, 2 species of amphibians, 7 invertebrates and 144 species of plants. Due to the Hurricane Maria in September 2017 the forest and its infrastructure suffer several damages that take long time to take back. The corporation don't receive any income.”