TY 2019 ReasonableCauseExplanation
Name:
THE PHILADELPHIA FOUNDATION
Explanation:
THE 2019 RETURN IS BEING FILED AFTER THE EXTENDED DUE DATE, NOVEMBER 15, 2020. THE REASON FOR LATE FILING IS NOT DUE TO INTENTIONAL DISREGARD OR WILLFUL NEGLECT OF THE FILING REQUIREMENTS. THE FOUNDATION EXPERIENCED SIGNIFICANT EMPLOYEE TURNOVER, TO WHICH GOVERNANCE AND MANAGEMENT WORKED DILIGENTLY TO RESOLVE AND IS STILL WORKING HARD TO IMPLEMENT SOLUTIONS FOR THE LONG-TERM STRENGTH AND STABILITY OF THE FOUNDATION. THE COVID-19 PANDEMIC PLAYED A SIGNIFICANT ROLE IN THE DIFFICULTIES FACED BY THE FOUNDATION, WHILE ALSO PROVIDING THE FOUNDATION WITH OPPORTUNITIES TO ADDRESS THESE CHALLENGES IN A WAY THAT IS FACILITATING THE CREATION OF STRONGER AND MORE STABLE SOLUTIONS GOING FORWARD. WHILE HANDLING THE TURNOVER AND IMPACT OF COVID-19, THE ORGANIZATION ALSO CONSIDERED IT A PRIORITY TO FILE THE 2019 RETURN, AND IN ORDER FOR THE INFORMATION REPORTED ON THE RETURN TO BE COMPLETE AND ACCURATE THE ORGANIZATION NEEDED ADDITIONAL TIME PAST THE EXTENDED DUE DATE. BASED ON THE REASONS NOTED HERE THE FOUNDATION ASKS THAT ANY PENALTIES OR ASSOCIATED INTEREST RELATED TO THE LATE FILING BE ABATED.