2023-01-12T23:54:47Z 2021-12-31 990EZ 2021-01-01 844537320 FRIENDS OF THE PUBLIC BANK EAST BAY FRIE 5104180627 680 66th Street Oakland CA 94609 Benjamin Streim Treasurer 5104180627 2023-01-09 2021 2023-03-07 01:45:13Z X https://publicbankeastbay.org/ X X 131896 X 131896 131896 8250 1995 10245 121651 5297 126948 5297 126948 5297 126948 5297 126948 Education We advocated for the creation of the public bank in the East Bay. We promoted ideas through social media, we hired consultants to write a viability study, conduct a survey on the borrowing needs of black-owned businesses in the region and to start working on the business plan for the public bank. 10245 10245 Benjamin Streim Treasurer and Board Director 10.00 0 0 0 Jake Varghese Board Director 10.00 0 0 0 Deborah Notkin Chair and Secretary of the Board 10.00 0 0 0 Margie Lewis Board Director 10.00 0 0 0 George Syrop Board Director 10.00 0 0 0 Susan Harman Board Director 40.00 0 0 0 Didacus Ramos Board Director 10.00 0 0 0 Eli Zalee Board Director 10.00 0 0 0 Baba Kofi Weusijana Board Director 10.00 0 0 0 false false false false false false false 0 0 0 false 0 0 false CA Benjamin Streim 76 Marion St Medford MA 02155 4158865865 false false false false false false false false false false false false NONE 0 NONE 0 true X 0 0 0 0 0 0 0 12278 131896 144174 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12278 131896 144174 0 144174 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 144174 0 X 1.00000 1.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Part I, Line 16 Administrative Expenses - $1,399.05 Meeting Space - $340.21 Advertising - $156.09 Taxpayer Name: Friends of the Public Bank East Bay Taxpayer identification number: 84-4537320 Form: 990-EZ Tax Period: Dec. 31, 2021 Letter Number: LTR2695C Letter Date: 2022-12-30 2021 was the first year that our organization was required to file a full 990-EZ tax return and we sent the completed tax return via mail to the IRS before the initial deadline. We have confirmation that the IRS received the complete returns on May 17, 2022 and did not get any notification of any missing information in this return. We were not aware of the fact that on or after July 1, 2021, all tax-exempt organizations are required to file their taxes electronically. On Jan 5, 2023, we received a letter explaining that the paper version of the tax return could not be processed, and we re-submitted a complete return within 10 days of this letter (dated Dec 30, 2022), on January 9, 2023. We had the full intention to file the form 990-EZ on time and have now resubmitted the same information electronically. We will ensure that we will stay up to date with future rule changes regarding the correct format of our tax returns and to that end we plan to hire a professional CPA to support our organization. Given these circumstances and the fact that it was pure oversight that prevented us from filing our initial tax return correctly, we request that no penalty will be charged with respect to the late filing.