2024-02-14T09:05:27-06:00 2023-03-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2022-04-01 201459350 The Foundation Source Charitable Foundation Inc % Foundation Source FOUN 8008391754 Foundation Source 501 Silverside Rd Wilmington DE 198091377 TANIA HUETE PRESIDENT 8008391754 2024-02-12 true TANIA HUETE 999009999 Jeffrey D Haskell P01345770 8008391754 2022 2023-04-26 12:10:37Z X 30860 X 20000 80 80 0 63 63 63 20143 143 63 0 10 25 25 35 0 25 2622 2622 2657 0 2647 17486 143 63 10874 28360 28360 2500 2500 2500 13374 30860 30860 0 0 X 13374 30860 13374 30860 13374 30860 13374 17486 30860 30860 2 2 2 8 0 8 6 6 false false false false false false false true true DE true false false false false true Foundation Source 8008391754 501 Silverside Road Suite 123 Wilmington DE 198091377 false false false false false false false false false false false false false false false false false false false false false Jeffrey D Haskell Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP 1.0 0 0 0 Erin Harrigan Foundation Source 501 Silverside Rd Wilmington DE 198091377 VP 1.0 0 0 0 Tania Huete Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Pres, Sec 1.0 0 0 0 Erica Perez Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, VP 1.0 0 0 0 Daniel Schreck Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir, Treas 1.0 0 0 0 Mary Ann Stover Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 Jeannea Varrichio Foundation Source 501 Silverside Rd Wilmington DE 198091377 Dir 1.0 0 0 0 0 19478 0 19478 0 19478 292 19186 959 959 2 2 957 957 957 2647 0 0 0 0 2647 957 2020 2019 2018 19196 5430 19936 20000 23623 88185 2647 957 1690 89875 0 19196 70679 5430 19936 20000 23623 1690 NONE X BRIGHT FUNDS FOUNDATION PO BOX 53125 SAN JOSE CA 95153 N/A PC General & Unrestricted 2622 2622 14 80 INTEREST INCOME FROM PRI 63 80 63 143 11 INTEREST INCOME FROM PROGRAM RELATED INVESTMENTS, TO ALLOW C4C TO OFFER LOW-COST, FLEXIBLE LOANS TO PEOPLE AND BUSINESSES THAT ARE UNABLE TO ACCESS CONVENTIONAL CREDIT false false false false false false false false false false X X 1 Foundation Source 55 Walls Drive 3rd Floor Fairfield CT 06824 20000 X CAPITAL FOR CHANGE - PRI 2500 2500 State or Local Filing Fees 25 25 Interest Income from PRI 63 63 63 The Foundation Source Charitable Foundation Inc. (EIN: 20-1459350) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending March 31, 2022 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause 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 prepare its Form 990-PF for tax period ending March 31, 2022. The Foundation's 2022 Form 8868, Application for Extension of Time to File, was timely filed on August 15, 2023. The extension was originally transmitted electronically to the IRS, but was rejected because the foundation's fiscal year end was not updated in the IRS database. The Foundation's Administrator contacted the IRS to correct the issue and attempted to resubmit within the allowed 5-day correction period, but the issue had not yet been corrected by the IRS and the Administrator was not able to re-transmit the updated extension request before the end of the correction period. The delay in filing Form 8868 for the taxable year ending March 31, 2023 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore are entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing. 990-PF Extension for 2022 10