2026-09-15T15:58:50-07:00 2025-09-30 990EZ 2024-10-01 911963091 ACCOUNTING CAREER AWARENESS PROGRAM ACCO 8083870553 PO BOX 22066 SEATTLE WA 98122 NICHOLAS AOKI TREASURER 8083870553 2026-09-15 1 2024 X X https://www.seattleacap.org/ X X 84455 X 84440 0 0 15 0 0 0 0 0 0 0 0 0 0 0 84455 0 0 34958 6500 0 0 37225 78683 5772 214211 0 219983 214211 219983 0 0 0 0 214211 219983 0 0 214211 219983 SEE PART III, LINE 28 PROGRAM SERVICE ACCOMPLISHMENTS: PROVIDE AN ONE WEEK RESIDENCY PROGRAM FOR UNDERREPRESENTED HIGH SCHOOL STUDENTS TO LEARN ABOUT ATTENDING COLLEGE AND CAREERS IN ACCOUNTING AND BUSINESS. CONTINUED BUILDING NETWORKS WITH CPA FIRMS IN THE REGION. 0 0 0 MICHAEL LEICHNER BOARD MEMBER 1 0 0 0 RENEE ARNITS BOARD MEMBER 1 0 0 0 NICHOLAS AOKI TREASURER 2 0 0 0 ANDREW JENSEN BOARD MEMBER 1 0 0 0 ALLEN KIM BOARD MEMBER 1 0 0 0 MONICA MARMOLEJO BOARD MEMBER 1 0 0 0 JARED THEIS BOARD MEMBER 1 0 0 0 ERIC COATS CHAIR 2 0 0 0 MICHELLE PETERS VICE CHAIR 2 0 0 0 PAUL NEWCOMB BOARD MEMBER 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NICHOLAS AOKI PO BOX 22066 SEATTLE WA 98122 8083870553 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 88214 100399 84676 109697 84426 467412 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 88214 100399 84676 109697 84426 467412 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 467412 7 11 82 197 15 312 0 0 0 0 0 0 7 11 82 197 15 312 0 0 0 0 0 0 0 0 0 0 0 0 88221 100410 84758 109894 84441 467724 0.99933 0.99932 0.00067 0.00068 X Form 990-EZ, Part I, Line 16 Form 990-EZ, Part I, Line 16 - Our program runs one week of housing and counselor fees at the University of Washington. The largest expenses are food, room and board, and counselor fees, which FYE2025 was $37,225. Other expenses include transportation, bank fees, insurance, and other administrative costs. The Organization has undergone significant changes in operating personnel in the last several years, consisting mostly of volunteers. Due to the volunteer nature of the operations, and the pandemic, miscommunication led to a lapse in whom was responsible for the tax filings as the volunteer CPA. Chief Counsel has advised that reasonable cause is based on all the facts and circumstances in each situation and allows the Service to provide relief from a penalty that would otherwise be assessed. Relief is generally granted when the taxpayer exercises ordinary business care and prudence in determining their tax obligations but is unable to comply with those obligations. Furthermore, the Commissioner's Policy Statement under IRM 1.2.20.1.1, 20-1, provides that "in order to make the most efficient use of penalties, the Service will design, administer, and evaluate penalty programs based on how those programs can most efficiently encourage voluntary compliance." Additionally, IRM 1.2.20.1.1(9) provides the following: The Service will demonstrate the fairness of the tax system to all taxpayers by: a. Providing every taxpayer against whom the Service proposes to assess penalties with a reasonable opportunity to provide evidence that the penalty should not apply; b. Giving full and fair consideration to evidence in favor of not imposing the penalty, even after the Service's initial consideration supports imposition of a penalty; and c. Determining penalties when a full and fair consideration of the facts and the law support doing so. The above provisions and the "reasonable cause" exception in Section 6652(c) reflect that Congress recognizes that the provisions of the Internal Revenue Code are complex and that taxpayers will sometimes be unable to comply with the provisions of the Code despite affirmative actions to comply with the law. It is not the intent of Congress to apply a strict liability standard under the Code, which would impose a penalty in connection with every lapse in compliance made by a taxpayer. The facts in this case show that the Organization has exercised ordinary business care and prudence to comply with the tax laws by proactively filing online instead of by paper. The failure to file Form 990EZ for the tax year ending September 30, 2025 was not due to a disregard of the rules and regulations, but rather an oversight due to miscommunications between the Organization and its transition between its volunteer Treasurers. A late filing penalty would reduce the amount available to support an Organization of limited resources that provides underrepresented local high school students with an opportunity to receive mentorship, learn about the accounting industry and how to navigate barriers to entry. The Organization takes its filing responsibilities seriously. The fact situation is not one of intentional disregard or noncompliance which would require a penalty to return the Organization to compliance. Accordingly, the intended purpose of imposing civil penalties, which is to encourage voluntary compliance, would not be served in this case as the Organization has taken steps to ensure compliance on a go forward basis. Accordingly, the Organization requests that the late filing penalty for the tax year ending September 30, 2025 be abated in full.