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      <ExplanationTxt>We respectfully request abatement of any penalties related to the late filing of our return pursuant to IRC Section 6652(c)(1)(A), as the delay was due to reasonable cause and not willful neglect. Social Equity LA, a 501(c)(3) nonprofit organization dedicated to advancing equity and economic opportunity in disadvantaged communities, experienced significant organizational and financial challenges during the filing period. A key officer transition occurred during this time, which disrupted our internal processes and delayed access to essential financial and administrative information needed for a timely filing. Additionally, the organization faced severe financial strain due to the ongoing economic downturn and the impact of recent wildfires in California. These external factors significantly affected our fundraising capabilities and community operations, further complicating our ability to meet administrative deadlines. Despite these unforeseen challenges, we have taken corrective steps to strengthen our compliance and internal controls to ensure timely filings moving forward. We respectfully ask for your understanding and consideration to waive any assessed penalties based on these extenuating circumstances.</ExplanationTxt>
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