This return is being filed after the original due date because the foundation was unaware that an annual Form 990-PF was required even in years with no financial activity or revenue. The foundation had no income, no assets, and no charitable activity in 2024. Once we became aware of the filing requirement, we took immediate corrective action and engaged support to complete the return. The foundation has complied with annual state reporting requirements and has held routine board meetings. We have now implemented procedures and will work with a qualified CPA to ensure future compliance. In accordance with IRS guidance, we respectfully request that the IRS consider this a reasonable cause for late filing and waive any associated penalties. The foundation has demonstrated ordinary business care and prudence under the circumstances.