TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Inspection
Name of the organization
LAKE LENAPE ASSOCIATION
Employer identification number
22-2255056
22-2255056
| Return Reference | Explanation |
|---|---|
| Client Note 1 | Client Note 1 - STATEMENT REQUESTING ABATEMENT OF LATE FILING PENALTY FOR REASONABLE CAUSEMANGEMENT OF THIS ORGANIZATION HAS ONLY RECENTLY BECOME AWARE OF THE DELINQUENT FILING STATUS OF THE 2018 FORM 990EZ AND ARE RESPECTFULLY REQUESTING AN ABATEMENT OF LATE FILING PENALTY DUE TO REASONABLE CAUSE BASED UPON THE DETAILS DESCRIBED HEREIN:THIS LAKE COMMUNITY ORGANIZATION RELIES COMPLETELY ON VOLUNTEER TRUSTEES AND OFFICERS TO MANAGE ITS AFFAIRS. IN MANY PAST YEARS, IT HAS BEEN FORTUNATE TO HAVE AVAILABLE IN THE COMMUNITY QUALIFIED FINANCIAL PERSONS TO VOLUNTEER AS TREASURER AND HANDLE ALL ACCOUNTING AND FORM 990EZ REQUIREMENTS. THE PAID TAX PREPARER OF THIS 2018 FORM 990EZ WAS, IN FACT, PREVIOUSLY THE TREASURER AND PREPARER OF THE ORGANIZATION'S 2013 TO 2016 FORMS 990EZ. ALL OTHER TRUSTEES AND OFFICERS ARE UNFAMILIAR WITH THE FILING REQUIREMENTS AND RELY COMPLETELY ON THE VOLUNTEER TREASURER TO ASSURE COMPLIANCE IN THIS REGARD.AS NOTED, THE PREPARER OF THIS FORM WAS THE VOLUNTEER TREASURER FROM 2014 THROUGH 2017 AND RELUCTANTLY RELINQUISHED HIS VOLUNTEER SERVICES FOR HEALTH REASONS STARTING IN 2018 AT WHICH POINT THE BOARD OF TRUSTEES BELIEVED THEY HAD FOUND A QUALIFIED REPLACEMENT VOLUNTEER FOR THE POSITION TO HANDLE ALL FINACIAL AND REPORTING REQUIREMENTS STARTING ON JANUARY 1, 2018. THE TRUSTEES RELIED ON THE REPRESENTATIONS OF THE NEW VOLUNTEER TREASURER THAT HER QUALIFICATIIONS WERE SUFFICIENT TO HANDLE FORM 990EZ FILING WITHOUT THE NEED FOR PAID PROFESSIONAL ASSISTANCE AS IN THE PAST. IN A NUMBER OF DISCUSSIONS SUBSEQUENTLY WITH THE BOARD, THE NEW TREASURER REPRESENTED THAT SUCH OBLIGATIONS WERE BEING HANDLED. UNFORTUNATELY, FOR REASONS UNCLEAR, THE NEW TREASURER WAS NOT HANDLING THE FINACIAL MATTERS COMPLETELY. SHE ALSO CEASED ATTENDING BOARD MEETINGS. IN TIME, THE BOARD OF TRUSTEES REALIZED IT WAS TIME TO CONTACT A PROFESSIONAL ACCOUNTING AND TAX PREPERATION SERVICE TO LOOK INTO THE PAST AND FUTURE NEEDS OF THE ORGANIZATION. ACCORDINGLY, THE PREPARER OF THIS FORM 990EZ WAS ASKED TO REVIEW AND ASSIST IN BRINGING ALL DELINQUENT RETURNS INTO COMPLIANCE. MANAGEMENT BELIEVES THESE CIRCUMSTANCES SHOW NO WILLFUL INTENT TO DISREGARD THE FILING REQUIREMENT AND THEY HAVE TAKEN STEPS TO RECTIFY THE MATTER WHEN SUSPICIONS AROSE OF PROBLEMS WITH COMPLIANCE. THE IMPOSITION OF FILING PENALTIES WOULD ALSO BE A SEVERE FINANCIAL HARDSHIP TO THIS SMALL ORGANIZATION. THANK YOU FOR YOUR CONSIDERATION. |
| Other Expenses.1002 | Office Expenses $709 |
| Other Expenses.1012 | Insurance $14005 |
| Other Expenses.1 | LIFEGUARD SERVICE $28369 |
| Other Expenses.2 | REAL ESTATE TAXES $14534 |
| Other Expenses.3 | WATER QUALITY INSPECT/TREATMNT $14045 |
| Other Expenses.4 | GROUNDS/CLUBHOUSE MAINTENANCE $12299 |
| Other Expenses.5 | LAKE MEMBER EVENTS $6249 |
| Other Expenses.6 | UTILITIES $1788 |
| Other Expenses.7 | MEMBERSHIP BADGES/DECALS $1311 |
| Other Expenses.8 | SALES & USE TAX $10 |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019
Additional Data
| Software ID: | 19009920 |
| Software Version: | 2019v5.0 |