TY 2014 IRS 990 e-File Render

efile Public Visual Render ObjectId: 201503209349101910 - Submission: 2015-11-16 TIN: 95-6047847

TY 2014 IRS 990 e-File Render

Name:

SHAPELL GUERIN FAMILY FOUNDATION

EIN:

95-6047847

Identifier	Return Reference	Explanation
DIRECTOR'S COMPENSATION	FORM 990-PF, PART VIII,	WAGES OF $58,332 WERE PAID TO GREGORY SCOTT, A DIRECTOR OF THE ORGANIZATION, FOR THE MANAGEMENT OF THE FOUNDATION'S INVESTMENTS. PURSUANT TO IRC SEC. 4941(D)(2)(E), PAYMENTS TO GREGORY SCOTT WERE NOT AN ACT OF SELF-DEALING AS THE SERVICES PERFORMED WERE REASONABLE AND NECESSARY IN CARRYING OUT THE FOUNDATION'S EXEMPT PURPOSE AND THE AMOUNTS PAID WERE NOT EXCESSIVE.
ADDITIONAL 3 MONTH EXTENSION WAS REJECTED BY THE IRS	FORM 8868, PART II	WE RESPECTFULLY REQUEST TO WAIVE THE LATE FILING PENALTY AND APPLY THE ENTIRE OVERPAYMENT OF $26,128 TO THE NEXT TAX PERIOD AS REQUESTED ON THE TAX RETURN.WE WERE INFORMED THAT THE IRS REJECTED OUR TIMELY FILED FORM 8868, APPLICATION FOR EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN, FOR AN ADDITIONAL 3 MONTH. THE TIMELY FILED FORM 8868 WAS REJECTED BECAUSE PART II, LINE 7 DID NOT EXPLAIN THE NEED FOR ADDITIONAL TIME.