2025-04-17T09:28:39-05:00 2024-12-31 Foundation Source 3333 New Hyde Park Rd Ste 406 New Hyde Park NY 11042 990PF 2024-01-01 851132476 The Beautiful C Foundation % JARED MICHAEL COHEN BEAU 8008391754 607 12th Ave Belmar NJ 07719 Jared Cohen President 8008391754 2025-04-14 true true Jeffrey D Haskell P01345770 8008391754 2024 2025-03-06 01:10:19Z X 1105631 X 0 X 114 114 25874 25874 88843 941786 88843 114831 114831 0 6463 6463 131 11077 11077 17671 6463 11077 38000 38000 55671 6463 49077 59160 108368 20931 38079 38079 964897 1006909 1067552 985828 1044988 1105631 0 0 X 985828 1044988 985828 1044988 985828 1044988 985828 59160 1044988 1044988 Publicly-traded Securities 941786 852943 88843 88843 88843 1506 1506 1506 0 0 X 1506 false false false false false false false true true DE true false false false false true JARED MICHAEL COHEN 8008391754 607 12th Ave Belmar NJ 07719 false false false false false false false false false false false false false false false false false false false false false Jared Michael Cohen 607 12th Ave Belmar NJ 07719 Dir, Pres, Sec, Treas 1.0 0 0 0 Koula Anna Scelfo 607 12th Ave Belmar NJ 07719 VP 1.0 0 0 0 1065734 27502 0 1093236 0 1093236 16399 1076837 53842 53842 1506 1506 52336 52336 52336 49077 0 0 0 0 49077 52336 45471 49077 45471 3606 0 0 48730 0 0 Jared Michael Cohen X BELMAR ARTS COUNCIL INC C/O DIANE CIOFFI 608 RIVER RD BELMAR NJ 07719 N/A PC General & Unrestricted 5000 FOODBANK OF MONMOUTH AND OCEAN COUNTIES INC 3300 RTE 66 NEPTUNE NJ 07753 N/A PC General & Unrestricted 5000 MAKE A WISH FOUNDATION OF NEW JERSEY 1347 PERRINEVILLE RD MONROE TOWNSHIP NJ 08831 N/A PC General & Unrestricted 8000 WILLIAM J BRENNAN JR CENTER FOR JUSTICE INC 120 BROADWAY STE 1750 NEW YORK NY 10271 N/A PC General & Unrestricted 20000 38000 14 114 14 25874 18 88843 114831 114831 false false false false false false false false false false BLACKROCK ETF TRUST II FLEXIBL 37587 37090 BLACKROCK U.S. EQUITY FACTOR R 66343 71340 ISHARES 20+ YR TREAS BD 28263 26374 ISHARES BARCLAYS MBS BOND FUND 67304 65826 ISHARES CORE MSCI EMERGING MAR 16310 15666 ISHARES CORE TOTAL USD BOND MA 223984 220622 ISHARES DJ US TECH ETF 15038 27916 ISHARES GOLD TR 11162 10892 ISHARES JP MORGAN USD EM MKTS 10538 10863 ISHARES MSCI EAFE VALUE INX 65521 64223 ISHARES MSCI EMERGING MARKETS 30431 31274 ISHARES MSCI GRW IDX 68026 64101 ISHARES MSCI USA MOMENTUM FACT 22189 21520 ISHARES MSCI USA QUALITY FACTO 55832 75684 ISHARES S&P 500 GROWTH INDEX F 81777 90057 ISHARES S&P 500 INDEX FD 150606 176015 ISHARES S&P 500 VALUE INDEX FU 47500 47720 ISHARES US INFRASTRUCTURE 8498 10369 Administrative Fees 11052 11052 State or Local Filing Fees 25 25 Investment Management Services 6463 6463 We respectfully request that The Beautiful Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $11 penalty indicated on Form 2220 be abated because the underpayment in 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 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. 990-PF Excise Tax for 2023 131