Gpaa Inc. Nfp

Schedule O:

“PART 1, LINE 20: GPAA Inc NFP is a youth baseball and softball league run by a group of volunteer board members at Gompers Park on the north side of Chicago. While youth baseball and softball have been played at Gompers Park for many years, the league was loosely organized and run by a group of volunteer parents. As of 2022, we decided it was time to form a more organized entity with the State of Illinois as an official not for profit, and we obtained the above EIN from the Dept of Treasury. We began this process at the beginning of 2022. All of the Income and Expenses in this filing are from calendar year 2022, but because we are a brand-new organization there are no cash assets listed at the beginning of the year. The $72,082 listed as other assets was a donation to GPAA Inc NFP from the previous group running the league. RATIONAL FOR LATE FILING: Part of the growing pains of being a new organization is understanding all of the new steps the organization has to take. We did not realize that we had to file form 990-EZ until recently and are now doing so, albeit 5 months late. I would politely ask for an exemption from fines during this first year of our organizations existence, with the promise that we will be on time from here on out. TAX-EXEMPT STATUS: We are in the process of filing for 501(c)(3) status, but we have not submitted our Form 1023 yet. We are claiming tax exempt status under section 501(a) while we are in pending status.”