2024-05-14T22:54:35-07:00 2022-12-31 990EZ 2022-01-01 874018657 OVERLAKE PREPARATORY ACADEMY A NJ NONPROFIT CORP OVER 8489096600 687 New Dover Rd Edison NJ 08820 Jun Zhou President 8489096600 2024-05-14 Jun Zhou 999009999 1 0 11 1 AAL2 2022 2023-04-26 12:10:37Z X X X X X overlakeacademy.org X X 59016 X 516 58500 0 0 0 0 0 0 0 0 0 0 0 0 0 59016 0 0 3025 6200 1895 0 2715 13835 45181 0 0 45181 0 45181 0 0 0 0 0 45181 0 0 0 45181 THE PURPOSE OF THE SCHOOL IS TO PROMOTE, ADVANCE AND SPONSOR CHARITABLE AND EDUCATIONAL ACTIVITIES. The school conducts four main activities: classroom instruction with rigorous curriculum, school administration, fundraising and athletics. These activities have been practiced in the school since it began operations and will continue in the future. 0 13835 13835 Jun Zhou President 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Jun Zhou 687 New Dover Rd Overlake Preparatory Academy Edison NJ 08820 8489096600 0 0 0 0 0 0 0 0 0 1 0 NONE NONE 1 X 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 we agree that we will publicize our nondiscriminatory policy in a way that meets the requirements of Revenue Procedure 75-50, 1975-2 C.B. 587, as modified by Revenue Procedure 2019-22, I.R.B. 1260. Form 990-EZ, Part I, Line 16 Description;Amount^Fundraising expenses;120|Business Registration;55|Website Expenses;615|Software Services;1925^Total;2715^ Overlake Preparatory Academy, a newly established institution, began its operations in 2022, making the 2022 tax year our first filing year for Form 990-EZ. Due to our nascent status and limited administrative capacity, we faced unexpected challenges that contributed to our delay in filing. In the first half of 2023, a critical staff member responsible for our tax filings suffered a serious health issue, which incapacitated them for an extended period during the tax season. This was compounded by the administrative adjustments required as we had to appoint and transition to a new individual for handling our financial and tax-related responsibilities. Given that this was our first experience with IRS filings and compounded by these significant disruptions, our ability to file on time was severely affected. We have since taken concrete steps to enhance our administrative processes and ensure robust compliance going forward, including additional training for our new financial staff and establishing a more comprehensive oversight mechanism to handle our tax obligations effectively. We respectfully request that the penalties for the late filing of our Form 990-EZ for the tax year 2022 be waived, considering these unusual and challenging circumstances that were beyond our control. We are committed to maintaining compliance with IRS requirements in the future and appreciate your understanding and support as we navigate these initial stages of our operational setup.