Open Metaverse Federation

“Description: bank fees. Amount: 392. Description: retreats expenses. Amount: 20,451. Total to form 990-ez, line 16: 20,843.”

“Description: accounts receivable. Beg. Of year amount: 0. End of year amount: 6,930.”

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 20,451. Description: deferred retreat revenue. Beg. Of year amount: 0. End of year amount: 8,095.”

“Please accept this statement as a reasonable cause statement for consideration of late filing penalty abatement. Open metaverse federation (omf) exercised ordinary business care and prudence by contacting blackman and sloop to prepare their 2016 tax return (for year ending 12/31/2016). This 2016 form 990-ez is omf's initial return. The due date of the 2016 tax return was extended until 11/15/2017. At the time of preparation, omf's exemption application was still pending so a paper copy of form 990-ez was prepared for filing. The tax return was prepared and mailed to omf before the 11/15/2017 due date, however the tax return was misplaced in the signing officer's home and not filed until now. Because omf's application for exemption has now been accepted, we are now filing the tax return electronically. Organization's intent is to fully comply with all tax filing requirements and through engagement of blackman and sloop intends to stay on track with timely filings going forward. The ability to electronically file will simplify filings in the future. We would also ask that you consider that omf is an organization whose board is comprised of volunteers, who are employed full time elsewhere. There are no paid employees and no dedicated office space. Any penalties assessed against the organization will take funds directly away from the funds used to support the mission of the organization. We appreciate your consideration of this matter.”