Simi Sunrise Rotary Charitable Foundation

“Client Note 1 - Request for Penalty Abatement2016 Form 990The taxpayer respectfully requests that any late filing penalties be waived regarding the filing of the organizations tax return.As the organizations tax preparer, I filed the appropriate extension electronically with the IRS. Therefore, the organization believed it would be filing its return timely based on the extended due date. However, I fell ill shortly before the extended due date, returning only the day before the return was due. I completed it immediately upon my return to the office and submitted it for approval, but the organization could not get the return reviewed and signed until the day following the extended due date. There is nothing the organization could have done to avoid this.Please consider this organization is strictly a volunteer organization. Even my services are donated to the club. There are no paid officers and no paid board of directors. Therefore, any penalties assessed against the organization will take funds directly away from the funds used to support the mission of the organization. Such a penalty would have a large impact on the ability of the organization to serve the community.Therefore, we respectfully request a waiver of the penalties for this tax return.Please contact me should you have any questions regarding this matter. My Power of Attorney (Form 2848) is on file.Paula Day Williams, EA”

“Office Expenses $70”

“Academic Scholarships $25000”

“Frankle Project $11210”

“Yes! $7253”

“FAYM $4276”

“Bowlio $4050”

“Tip Jars $26”

“Fellowship Exp $25”

“Miscellaneous $25”

“State Tax $10”

“Trip Discretionary Funds - Beginning $450 Trip Discretionary Funds - Ending $450”

“Scholarship Liabilities - Beginning $10500 Scholarship Liabilities - Ending $12500”

“Deferred Scholarships - Beginning $1000 Deferred Scholarships - Ending $1000”