The Bayfront Foundation
EIN 833664555About
We respectfully request that The Bayfront Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $18 penalty indicated on Form 2220 be abated because the underpayment in Q3 and Q4 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 Q3 and Q4 estimate 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 |
|---|---|---|---|---|
| 2020 | $22K | $419K | $166K | 1 |
| 2021 | $28K | $945K | $538K | 5 |
| 2022 | N/A | $805K | $37K | N/A |
| 2023 | N/A | $922K | $38K | N/A |
| 2024 | $24K | $1.0M | $101K | 9 |
Grant Size Distribution
Based on 15 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (15 total)
| Purpose | ||||
|---|---|---|---|---|
| Door of Hope | Pasadena, CA | $21,750 | General & Unrestricted | 2020 |
| Savannah Station Therapeutic Riding Program Inc | Yukon, OK | $8,200 | General & Unrestricted | 2021 |
| Door of Hope | Pasadena, CA | $8,075 | General & Unrestricted | 2024 |
| Pontotoc Animal Welfare Society | Ada, OK | $6,000 | in support of the mission | 2021 |
| Gooden School | Sierra Madre, CA | $5,000 | to purchase equipment / tools for the "steam" program to benefit the gooden school community | 2021 |
| Los Angeles Arboretum Foundation Inc | Arcadia, CA | $5,000 | Cresecent Farm fund | 2021 |
| Amazon Conservation Association | Washington, DC | $4,200 | Amazon Conservation and education fund | 2021 |
| Foothill Unity Center | Monrovia, CA | $2,695 | General & Unrestricted | 2024 |
| Armory Center for the Arts | Pasadena, CA | $2,690 | General & Unrestricted | 2024 |
| Gooden School | Sierra Madre, CA | $2,690 | General & Unrestricted | 2024 |
| Mercury One Inc | Irving, TX | $2,075 | funds to assist in the relief efforts of North Carolina | 2024 |
| Compassion Outreach Center Inc | Ada, OK | $2,000 | General & Unrestricted | 2024 |
| Mission Pre-Born Inc | Indianapolis, IN | $2,000 | General & Unrestricted | 2024 |
| God Behind Bars Inc | Henderson, NV | $1,000 | General & Unrestricted | 2024 |
| Savannah Station Therapeutic Riding Program Inc | Yukon, OK | $1,000 | General & Unrestricted | 2024 |