ROYALTY TAX CONSULTANTS IS IN ITS FIRST OPERATIONAL YEAR AS A PRIVATE FOUNDATION AND NONPROFIT VITA SITE THE ORGANIZATION WAS PRIMARILY FOCUSED ON FOUNDATIONAL SETUP COMMUNITY OUTREACH AND PREPARING THE INFRASTRUCTURE FOR COMPLIANT IRS OPERATIONS DUE TO LIMITED ACCESS TO IMMEDIATE FUNDING AND STAFFING ALL NECESSARY STARTUP AND ADMINISTRATIVE COSTS WERE COVERED BY THE FOUNDER PERSONALLY TO ENSURE LEGAL AND OPERATIONAL READINESS THIS INCLUDED PAYMENTS FOR INTERNET AND PHONE SERVICE CYBERSECURITY SOFTWARE PRINTING AND OFFICE SUPPLIES CLEANING MATERIALS AND PHYSICAL MAINTENANCE OF THE SPACE WHILE THE ORGANIZATION DID NOT YET GENERATE EXTERNAL REVENUE OR RECEIVE FORMAL CONTRIBUTIONS DURING THIS REPORTING PERIOD ALL ACTIVITIES WERE ALIGNED WITH THE MISSION AND IRS 501(C)(3) GUIDELINES ANY DELAYS OR LIMITED FINANCIAL ACTIVITY WERE NOT DUE TO NEGLIGENCE OR AVOIDANCE BUT THE RESULT OF TIMING AND CAPACITY CONSTRAINTS DURING LAUNCH THE ORGANIZATION HAS ACTED IN GOOD FAITH AND INTEN