Seek Ye First Foundation
EIN 453824300 Private FoundationAbout
We respectfully request that Seek Ye First Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $11 penalty indicated on Form 2220 be abated because the underpayment in Q1 and Q2 was due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm's software correctly determined that the foundation could pay its Q1 and Q2 estimates based on prior year tax liability. However, since that liability was under $500, the software incorrectly indicated that no quarterly payment was due. As soon as the error was discovered, the foundation paid the required tax. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules and respectfully request that no 2220 penalty be assessed.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $50K | $1.2M | $47K | 2 |
| 2017 | $77K | $1.2M | $53K | 5 |
| 2018 | $72K | $1.0M | $60K | 2 |
| 2019 | N/A | $1.1M | $37K | N/A |
| 2020 | $28K | $1.1M | $23K | 3 |
| 2021 | $52K | $1.2M | $145K | 2 |
| 2022 | $4K | $977K | $-28K | 1 |
| 2023 | $7K | $1.1M | $25K | 2 |
| 2024 | $61K | $1.1M | $99K | 5 |
Grant Size Distribution
Based on 22 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (22 total)
| Purpose | ||||
|---|---|---|---|---|
| Acres of Diamonds | Duvall, WA | $61,670 | General & Unrestricted | 2018 |
| The Rescue Mission | Tacoma, WA | $50,000 | Roof Repair Project | 2016 |
| Acres of Diamonds | Duvall, WA | $41,670 | Homeless Families Rescue Initiative | 2017 |
| Acres of Diamonds | Duvall, WA | $41,660 | General & Unrestricted | 2021 |
| Acres of Diamonds | Duvall, WA | $38,000 | General & Unrestricted | 2024 |
| Acres of Diamonds | Duvall, WA | $20,000 | General & Unrestricted | 2020 |
| The Rescue Mission | Tacoma, WA | $15,000 | Rescue Services and the Enterprise Initiative | 2017 |
| Burien Foursquare Church | Burien, WA | $10,000 | general & unrestricted | 2018 |
| Youth Dynamics | Burlington, WA | $10,000 | General & Unrestricted | 2021 |
| Recovery Beyond Paradigm | Bellevue, WA | $10,000 | General & Unrestricted | 2017 |
| The Rescue Mission | Tacoma, WA | $10,000 | TRM Enterprises - Jobs Program | 2017 |
| Youth Dynamics | Burlington, WA | $8,000 | General & Unrestricted | 2024 |
| Recovery Beyond | Bellevue, WA | $5,000 | to fund Software implementation | 2020 |
| Youth With a Mission San Diego-Baja | Chula Vista, CA | $5,000 | Homes of Hope | 2023 |
| Antioch Adoptions | Redmond, WA | $5,000 | General & Unrestricted | 2024 |
| Recovery Beyond | Issaquah, WA | $5,000 | General & Unrestricted | 2024 |
| Youth With a Mission San Diego-Baja | Chula Vista, CA | $5,000 | Mission Adventure & Homes of Hope fund | 2024 |
| Youth Dynamics | Burlington, WA | $4,000 | General & Unrestricted | 2022 |
| Timberlake Christian Fellowship | Redmond, WA | $3,000 | to purchase two Basketball Hoops | 2020 |
| Recovery Beyond | Issaquah, WA | $2,000 | Charitable Event | 2023 |
| George Fox University | Newberg, OR | $500 | General & Unrestricted | 2017 |
| Village Theatre | Issaquah, WA | $200 | General & Unrestricted | 2016 |
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