PRADHAN FAMILY FOUNDATION

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WE ARE KINDLY REQUESTING RELIEF FROM THE ASSESSMENT OF A LATE FILING PENALTY FOR PRADHAN FAMILY FOUNDATION'S 990-PF FOR 2020 DUE TO REASONABLE CAUSE OR THE FIRST TIME ABATEMENT PENALTY WAIVER.WE ARE A VOLUNTEER ORGANIZATION WITHOUT ANY PAID OFFICERS, DIRECTORS OR EMPLOYEES. SINCE WE WERE RUN BY VOLUNTEERS, WE DIDN'T HAVE THE APPROPRIATE POLICIES AND PROCEDURES IN PLACE TO DETERMINE THAT THERE WAS A MANDATORY EFILING REQUIREMENT. AS A RESULT, WE DIDN'T REALIZE THAT WE HAD SUBMITTED THE RETURN IN THE INCORRECT FORMAT, OR THAT A QUESTION HADN'T BEEN MARKED YES ON PART VII-A LINE 6. SINCE THIS IS THE INITIAL RETURN, AND WE ARE A NEWLY-FORMED ORGANIZATION, OUR VOLUNTEERS ARE STILL LEARNING ALL THE REQUIREMENTS OF OPERATING AND MANAGING THE NONPROFIT. THE IRS SENT LETTER LTR2697C DATED 10/28/21 WHICH INFORMED US OF THE EFILING MANDATE AND THE MISSING INFORMATION ON PART VII-A LINE 6. WE HOPE THAT THE IRS UNDERSTANDS THIS WAS AN ISOLATED INCIDENT. THE ORGANIZATION WOULD NOT HAVE INTENTIONALLY FILED THE RETURN BY PAPER INSTEAD OF EFILE. THE ORGANIZATION WAS NOT NEGLECTFUL OR CARELESS IN ITS OPERATIONS BUT HAS BEEN EXERCISING ORDINARY BUSINESS CARE, PRUDENCE AND DUE DILIGENCE. THE PAPER RETURN WAS TIMELY RECEIVED BY THE IRS 5/7/21, BUT THE EFILE MANDATE WAS NOT BROUGHT TO OUR ATTENTION UNTIL AROUND 6 MONTHS LATER. ADDITIONALLY, THIS IS THE FIRST YEAR THAT A 990-PF IS REQUIRED TO FILE A RETURN ELECTRONICALLY. WE IMMEDIATELY SOUGHT THE ASSISTANCE OF A FIRM THAT COULD ASSIST US WITH THE EFILING, HOWEVER WE COULD NOT MEET THE 10 DAY REQUIREMENT REQUESTED IN THE IRS LETTER, DUE TO THE TIMING OF RECEIPT OF LETTER AND FINDING A FIRM THAT COULD ASSIST US THAT WAS ABLE TO FILE THE RETURN RELATIVELY QUICKLY FOR A NEW CLIENT.SINCE THE EFILE MANDATE OF THIS NEWLY FORMED ORGANIZATION IS NOW KNOWN TO ALL PARTIES, THE FILING REQUIREMENTS AND DEADLINES HAVE BEEN DISCUSSED BY THE ORGANIZATION AND ADDED TO IT'S CALENDAR AS WELL AS THE CALENDAR OF THE FIRM THAT WILL ASSIST WITH THE FILING OF THE 990PF. IT IS NOT EXPECTED THAT THE ORGANIZATION WILL BE FILING BY PAPER IN THE FUTURE. WE WOULD ALSO LIKE YOU TO CONSIDER THAT THIS ORGANIZATION IS A VOLUNTEER ORGANIZATION. ANY PENALTIES ASSESSED AGAINST THE ORGANIZATION WOULD TAKE FUNDS DIRECTLY AWAY FROM THE FUNDS USED TO SUPPORT THE MISSION OF THIS ORGANIZATION.FOR THE ABOVE REASONS, WE RESPECTFULLY REQUEST A WAIVER OF ANY PENALTIES FOR THIS TAX RETURN. THIS STATEMENT HAS BEEN MADE UNDER PENALTIES OF PERJURY.SHEKHAR PRADHAN, PRESIDENTPRADHAN FAMILY FOUNDATION

Financial Trends 2022 data appears limited (dashed line) because the IRS transitioned its e-filing system that year and only published 2 months of XML archives.

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