2026-06-08T02:48:27-07:00 2025-08-31 815201483 Karen A Hahn CPA Inc 500 E Calaveras Blvd Ste 214 Milpitas CA 95035 990 2024-09-01 943280297 Bizworld Foundation BIZW 4155035880 344 Thomas L Berkley Way Oakland CA 94612 Charlene Vaca CEO 4155035880 2026-06-08 true true Karen A Hahn CPA P01286266 4082638888 2026-06-08 2024 2025-03-06 01:10:19Z Charlene Vaca 344 Thomas L Berkley Way Oakland CA 94612 993831 false X WWW.BIZWORLD.ORG X 1997 CA WE ENABLE YOUTH FROM ALL BACKGROUNDS TO UNLOCK THE POWER OF ENTREPRENEURSHIP TO CREATE CAREER OPPORTUNITIES, INSPIRE SELF-RELIANCE, AND BUILD CONFIDENCE THAT DRIVES ECONOMIC PROSPERITY GLOBALLY. 10 10 5 150 0 0 1058584 888749 28368 29633 119077 75165 1829 -2721 1207858 990826 0 0 453466 437915 0 158771 574629 579562 1028095 1017477 179763 -26651 923384 886261 33743 -15652 889641 901913 WE ENABLE YOUTH FROM ALL BACKGROUNDS TO UNLOCK THE POWER OF ENTREPRENEURSHIP TO CREATE CAREER OPPORTUNITIES, INSPIRE SELF-RELIANCE, AND BUILD CONFIDENCE THAT DRIVES ECONOMIC PROSPERITY GLOBALLY. false false 817431 0 990826 WE ENABLE YOUTH FROM ALL BACKGROUNDS TO UNLOCK THE POWER OF ENTREPRENEURSHIP TO CREATE CAREER OPPORTUNITIES, INSPIRE SELF-RELIANCE, AND BUILD CONFIDENCE THAT DRIVES ECONOMIC PROSPERITY GLOBALLY. 817431 true true false false false false false false false false true false false false true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 11 0 5 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true false false CA X CHARLENE VACA 4155035880 344 THOMAS L BERKLEY OAKLAND CA 94612 X T Hale Boggs III Chairman of Board 0.00 X X 0 0 0 Timothy C Draper Founder 0.00 X X 0 0 0 Harry Gould Finance Chair 0.00 X 0 0 0 Jay Allardyce Director 0.00 X 0 0 0 Stephen Silver Director 0.00 X 0 0 0 Steven Singer Director 0.00 X 0 0 0 Tracy Tuens Director 0.00 X 0 0 0 Jay Allardyce Director 0.00 X 0 0 0 Charlene Vaca Executive Director 30.00 X 105000 0 0 105000 1 false false false 242369 646380 888749 Licensing 611600 10500 0 0 Curricula 611600 19133 0 0 29633 23236 0 0 51929 0 51929 51929 51929 0 0 242369 0 3005 -3005 -3005 Misc Revenue 611600 284 284 0 0 284 990826 102077 0 0 372496 288112 19179 65205 37799 29483 1890 6426 27620 20915 1527 5178 10998 8578 550 1870 54840 54240 0 600 23291 21900 0 1391 20934 11929 393 8612 51906 51906 0 0 2100 1638 105 357 24558 18899 321 5338 10532 0 10532 0 9458 7377 473 1608 Postage/Shipping 2462 2251 211 0 Storage 9856 9856 0 0 Awards 27394 27000 0 394 Research & Data Collection 226913 226913 0 0 104320 36434 6094 61792 1017477 817431 41275 158771 6782 54035 186500 66500 30636 6700 695 2777 125902 105876 885 20026 697886 736223 923384 886261 6208 33743 -21860 33743 -15652 X 889641 901913 889641 901913 923384 886261 -26651 38923 X false false false X 0 111238 583536 493445 861889 646379 2696487 0 0 111238 583536 493445 861889 646379 2696487 1648714 1047773 10696 12667 13544 19798 23236 79941 0 0 2776428 321211 0.37740 0.45880 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 78920 78920 0 16828 16424 404 30154 10532 19622 20026 Credit Cards 665 Sales Tax 0 Accrued PTO Payable 4775 Payroll Liabilities 3302 Asset Sale -30602 -21860 ERL 2024 242369 242369 40288 2190 23124 242369 242369 40288 2190 23124 65602 176767 Pt VI, Line 11b THE ORGANIZATIONS TAX PREPARER PROVIDES A COPY OF THE FORM 9900 990 TO THE ORGANIZATION BEFORE IT IS FILED. Pt VI, Line 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION UPON REQUEST. Pt VI, Line 12c IF A CONFLICT ARISES, IT IS RESOLVED OR THE BOARD MEMBER IS ASKED TO RESIGN. Pt VI, Line 15a COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL ARE REVIEWED AND VOTED ON BY THE BIZWORLD FOUNDATIONS NATIONAL BOARD OF DIRECTORS. COMPARABILITY COMPENSATION STUDY ARE REQUIRED AND REVIEWED FOR OFFICERS AND KEY EMPLOYEES AND ALL SALARIES ARE APPROVED BY THE CEO. Form 990, Part IX, Line 24e Meals/Entertainment 4871. 506. 0. 4365. Form 990, Part IX, Line 24e Dues/Subscriptions/Fees 11841. 9475. 1926. 440. Form 990, Part IX, Line 24e Recognition/Retention 0. 0. 0. 0. Form 990, Part IX, Line 24e Misc. 432. -108. 540. 0. Form 990, Part IX, Line 24e Bank Fees/Filing Fee/FTB Taxes 1818. 156. 1628. 34. Form 990, Part IX, Line 24e Catering/Venue 50251. 6508. 0. 43743. Form 990, Part IX, Line 24e Payroll Processing Fees 5269. 3649. 662. 958. Form 990, Part IX, Line 24e Payment Processing Fees 2624. 2047. 131. 446. Form 990, Part IX, Line 24e Audio/Visual 15428. 4461. 0. 10967. Form 990, Part IX, Line 24e Professional Development 5410. 4832. 578. 0. Form 990, Part IX, Line 24e Staff Recognition 1441. 1059. 382. 0. Form 990, Part IX, Line 24e Telephone 4935. 3849. 247. 839. We are writing on behalf of Bizworld Foundation in an effort to explain the missed extension filing of the Form 8868. The organization believes it has reasonable cause for missing the deadline of filing this form. They are requesting that the Internal Revenue Service abate the late filing penalties and interest. Bizworld Foundation was formed to empower students to become 21st-century thinkers by awakening their entrepreneurial spirit, inspiring them to become the architects of their futures, and giving the confidence to transform their world. They have been in operation since 1997 and have only these occurrences of being late. They were unaware because they relied on our expertise in filing the taxes and because of their unfamiliarity. We implemented new software into our tax filing process. During this process, we identified a glitch in the software preventing some of our clients filing deadline dates to update from the previous year. Allowing us to believe that there was no need to file an extension. We use the software due dates to determine which clients were current and which were to be archived. The issue was not discovered until our clients provided us with their tax information which was after the extension filing deadline. This occurred with a few of our clients that we have, some of which we were able to resolve. The Organization believes they have reasonable cause for the missed extension filing because they were unaware of the error until we recognized the problem and resolved it. As soon as we discovered the error we made sure to correctly finish up the tax return and e-file the tax return as soon as possible before the final deadline. We also reached out to the softwares customer service to troubleshoot the problem and prevent this from occurring again. In addition, we educated the volunteers of the Organization to be more observant and realize when the due date was approaching and to reach out to us with any questions or concerns. To offer more transparency in how we will prevent this in the future, we took the following steps: A)Educating new board members on the annual filing requirements B) Assist the Organization in scheduling the due dates for compliance with tax returns C) Retain our services to comply with the requirements for the necessary governing bodies We respectfully request that the IRS abate all assessed penalties and interest for Bizworld Foundation.