| Identifier | Return Reference | Explanation |
|---|---|---|
| ABATEMENT OF LATE FILING PENALTIES | FORM 990-PF, LINE 8 | THE TAXPAYER IS REQUESTING AN ABATEMENT OF LATE FILING PENALTIES DUE TO REASONABLE CAUSE. THE TAX RETURN WAS TIMELY FILED BY MAIL PRIOR TO THE MAY 17, 2021 DEADLINE. THE IRS RETURNED THE PAPER FILED TAX RETURN AND REQUESTED IT BE E-FILED. THE ORGANIZATION WAS NOT NEGLECTFUL OR CARELESS, AS IT RELIED ON THE CPA FOR TIMELY FILING OF ITS TAX RETURN. THE CPA WAS NOT AWARE OF THE CHANGE IN MANDATORY REQUIREMENT OF E-FILING FORM 990-PF, EFFECTIVE FOR THE 2020 TAX RETURN. UPON RECEIPT OF THE IRS NOTIFICATION, FORM 990-PF WAS PROMPTLY E-FILED. |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CENTURY LINK | 9,418 | 2,282 |
| UNITI GROUP INC | 9,370 | 2,733 |
| AT&T INC | 10,861 | 8,053 |
| LSC COMMUNICATIONS | 5,647 | 4 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MONEY MARKET ACCOUNT | AT COST | 11,143 | 11,143 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK FEES | 70 | 70 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FRANCHISE TAX BOARD | 10 | 10 | 0 | |
| INTERNAL REVENUE SERVICE | 11 | 11 | 0 |