Lake Stevens Education Foundation

“Description: interest. Amount: 354. Description: capital gains distribution. Amount: 4,754. Description: dividends. Amount: 2,027. Total included on form 990-ez, line 4: 7,135.”

“Description: advertising. Amount: 667. Description: bank fees. Amount: 725. Description: brokerage fees and charges. Amount: 2,054. Description: insurance. Amount: 390. Description: program expenses. Amount: 100,886. Description: other. Amount: 676. Total to form 990-ez, line 16: 105,398.”

“Description: prior period adjustment. Amount: 50,470. Description: unrealized gain on investments. Amount: 33,137. Total to form 990-ez, line 20: 83,607.”

“Statement of reasonable cause for late filing: the treasurer responsible for filing the 990ez is a volunteer and working as a remote learning teacher during the covid-19 pandemic. The treasurer contacted a cpa to assist with filing the 990 the week prior the extended due date fully intending to file timely. The cpa did not have time to accurately prepare the forms by the due date. The treasurer and cpa worked together to gather the information, prepare the forms and file as quickly as possible. The organization has always filed timely in the past. As such, we respectfully request waiver of any potential penalties as a result of this filing.”

“Description: the bridge fund payable. Beg. Of year amount: 3,629. End of year amount: 0. Description: dolly parton imagination library affiliate payable. Beg. Of year amount: 2,272. End of year amount: 0. Description: managed scholarships payable. Beg. Of year amount: 42,168. End of year amount: 0. Description: ready k payable. Beg. Of year amount: 2,290. End of year amount: 0. Description: visa payable. Beg. Of year amount: 0. End of year amount: 109.”