2021-12-20T08:32:46-06:00 2020-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2020-01-01 237156531 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC ASSO 6463929877 55 EXCHANGE PLACE NO 401 NEW YORK NY 10005 SUSAN TAYLOR BATTEN PRESIDENT AND CEO 6463929877 2021-12-18 1 SUSAN TAYLOR BATTEN XXX-XX-XXXX GARRETT M HIGGINS P00543209 9143818900 2021-12-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUSAN TAYLOR BATTEN 55 EXCHANGE PLACE NO 401 NEW YORK NY 10005 9226120 0 X ABFE.ORG X 1971 IN ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. 16 16 16 16 0 0 1223328 8706954 500214 517130 2836 2036 0 0 1726378 9226120 0 0 0 0 1422460 1579729 121750 56250 611873 1280446 953012 2824656 2588991 -1098278 6637129 1516343 8775623 312120 934271 1204223 7841352 X ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. AS AN INSTITUTION, ABFE SEEKS TO IMPACT THE COMMUNITY OF PHILANTHROPIC PRACTICE AND THEREBY THE OVERALL HEALTH AND STRENGTH OF THE BLACK COMMUNITY. 0 0 409921 197850 PHILANTHROPIC ADVISINGABFE BRINGS A NEW FRAMEWORK ON RPBC TO REALIZE ITS MISSION OF PROMOTING EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. THIS NEW TEMPLATE BUILDS UPON GRANTMAKING WITH A RACIAL EQUITY LENS BUT IS TAILORED SPECIFICALLY TO GRANTMAKING IN AND FOR BLACK COMMUNITIES. AS A RESULT, ABFE HAS DESIGNED A SET OF DEFINING CHARACTERISTICS OF PHILANTHROPY THAT IS MORE LIKELY TO REDUCE GAPS IN RACIAL DISPARITIES FACING BLACKS IN THE UNITED STATES. WE HAVE BEEN PARTNERING WITH GRANT MAKERS AROUND THE COUNTRY TO APPLY THIS FRAMEWORK TO THEIR INVESTMENTS. IN 2020, ABFE ENGAGED 11 FOUNDATIONS AND PHILANTHROPY SERVING ORGANIZATIONS TO DELIVER RACIAL EQUITY TRAINING. 273222 131075 ANNUAL CONFERENCEABFE'S ANNUAL CONFERENCE IS A GATHERING OF PHILANTHROPIC AND NON-PROFIT PROFESSIONALS FOR NETWORKING AND ENGAGEMENT AROUND SHARED INTEREST IN SUPPORTING BLACK COMMUNITIES THROUGH PHILANTHROPY. THE TARGET AUDIENCE IS ABFE'S MEMBERS AND PARTNERS; FOUNDATION TRUSTEES, EXECUTIVE STAFF AND PROGRAM OFFICERS, GRANT MAKING ENTITIES INCLUDING PRIVATE FOUNDATIONS, CORPORATE GIVING PROGRAMS, DONOR-ADVISED FUNDS AND GIVING CIRCLES. IN 2020, ABFE BROUGHT TOGETHER 336 PARTICIPANTS. DUE TO THE ONSET OF COVID-19, THE ANNUAL CONFERENCE WAS TRANSITIONED TO VIRTUAL CONVENING. OVER 75% OF THE PARTICIPANTS WERE ABFE MEMBERS.WE ALSO CELEBRATED WHAT HAS BEEN A SIGNATURE PROGRAM FOR ABFE FOR OVER 30 YEARS, THE JAMES A. JOSEPH LECTURE AND AWARDS, WHICH CELEBRATED THE IMPORTANT ACCOMPLISHMENTS OF LEADERS IN THE FIELD. 165540 52500 MEMBERSHIP SERVICESABFE EQUIPS ITS MEMBERS AND PARTNERS WITH TOOLS AND RESOURCES TO RESPOND MORE EFFECTIVELY TO THE NEEDS OF BLACK COMMUNITIES AND TO ADDRESS ANTI-BLACK RACISM. ABFE USES ITS POSITION AND NETWORKS IN THE FIELD TO SHARE INFORMATION FOR THE EXPRESS PURPOSE OF INFLUENCING POLICIES AND PRACTICES IN THE FIELD THAT MAY HINDER THE SUCCESS OF BLACK PROFESSIONALS OR COMMUNITIES. OUR RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK FOR GRANTMAKING SUPPORTS THE DIGNITY OF COMMUNITIES AND OPTIMIZES INHERENT STRENGTHS TO ENSURE BETTER OUTCOMES FOR BLACK COMMUNITIES. ABFE ALSO OFFERS A VARIETY OF OPPORTUNITIES FOR MEMBERS AND OTHER PROFESSIONALS IN THE FIELD TO EXCHANGE INFORMATION AND IDEAS, AND TO CULTIVATE PRODUCTIVE RELATIONSHIPS THAT OFTEN RESULT IN LEARNING, CO-INVESTMENT, AND EXPANDED SOCIAL AND PROFESSIONAL OPPORTUNITIES AND COMMUNITIES. OUR PROFESSIONAL AND LEADERSHIP DEVELOPMENT PRIMARILY FOCUSED ON MEMBERS' INTERESTS, ABFE PROVIDES INFORMATION AND OTHER RESOURCES THAT INFORM GRANTMAKING STRATEGIES AND SUPPORT CAREER AND LEADERSHIP DEVELOPMENT FOR BLACK PROFESSIONALS IN THE FIELD. 156786 LEVERAGE THE TRUSTTHIS RETREAT SERVES AS A UNIQUE OPPORTUNITY FOR BLACK FOUNDATION TRUSTEES TO SHARE IDEAS THAT CAN HELP IMPROVE OUTCOMES FOR BLACK LIVES. IN 2020, THE 48 ATTENDEES REPRESENTED FOUNDATIONS OF ALL SIZES, FROM AROUND THE COUNTRY, WHO ARE COMMITTED TO LEVERAGING THEIR SEATS IN THE BOARD ROOM TO SUPPORT BLACK COMMUNITIES. PARTICIPANTS HAD THE OPPORTUNITY TO ENGAGE WITH PEERS AND GAIN DEEPER INSIGHTS ABOUT CURRENT TRENDS IN PHILANTHROPIC PRACTICES AND INVESTMENT STRATEGIES TO TACKLE WEALTH AND SOCIAL INEQUITIES. 125845 16800 WOMEN IN PHLANTHROPYIN 2020, ABFE MARKED THE SEVENTH ANNUAL WOMEN IN PHILANTHROPY LEADERSHIP (WIP) RETREAT, A GATHERING OF 63 CEO AND "MID-LEVEL MANAGERS/SISTERS RISING" IN FOUNDATIONS. THE EVENT WAS DESIGNED TO CREATE BOTH PEER-GROUP AND "CROSS-GENERATION" OPPORTUNITIES TO SUPPORT THE FULL DIVERSITY OF PARTICIPATING WOMEN. THE RETREAT CREATES THE SPACE TO SHARE TRIUMPHS, CHALLENGES AND LESSONS LEARNED. IN ADDITION, OPPORTUNITIES FOR PARTICIPANTS TO BUILD AND CREATE COMMUNITY WERE ESTABLISHED. WIP IS PART OF ABFE'S EFFORT TO AMPLIFY THE UNIQUE LEADERSHIP AND ROLES THAT VARIOUS STAKEHOLDER GROUPS PLAY IN THE SECTOR. THIS YEAR'S ANNUAL WIP RETREAT TOOK PLACE AUGUST 27TH - 28TH 2020. THE 2020 WOMEN IN PHILANTHROPY RETREAT WAS HELD VIRTUALLY DUE TO THE ONSET OF COVID-19. 116170 42500 CONNECTING LEADERS FELLOWSHIP (CLFP)CLFP IS A YEAR-LONG EXPERIENCE DESIGNED TO SHARPEN THE SKILLS AND STRENGTHEN THE LEADERSHIP CAPACITY OF FOUNDATION STAFF, DONORS, AND TRUSTEES WHO ARE COMMITTED TO ASSISTING BLACK COMMUNITIES THROUGH PHILANTHROPY. FELLOWS GET THE OPPORTUNITY TO LEARN FROM SEASONED GRANTMAKERS AND PEERS ON A REGULAR BASIS, UNDERSTAND HOW TO BE MORE EFFECTIVE AGENTS FOR CHANGE WITHIN THEIR INSTITUTIONS, AND PARTICIPATE IN A NETWORK THAT FOCUSES ON INNOVATIVE SOLUTIONS TO COMMUNITY CHALLENGES. THE FELLOWSHIP BEGINS WITH A WEEK-LONG LEADERSHIP SUMMIT. IN ADDITION, FELLOWS CONDUCT A 360-DEGREE EVALUATION AND ARE ASSIGNED A LEADERSHIP COACH. EACH FELLOW IS REQUIRED TO COMPLETE A COMMUNITY-BASED LEARNING PROJECT DURING THE FELLOWSHIP YEAR, WHICH CAN BE VOLUNTEER WORK OR A RESEARCH PROJECT ON A TOPIC OF INTEREST. WE ADDED 16 NEW CLFP FELLOWS IN 2020, BOOSTING OUR NUMBERS TO 175. WE BROUGHT THE COHORT TOGETHER FOR OUR ANNUAL CLFP SUMMIT WHICH WAS HELD VIRTUALLY DUE TO THE ONSET OF COVID-19. 113795 BLACK SOCIAL CHANGE FUNDERS NETWORK (BSCFN)IN 2020, ABFE CONTINUED ITS ACTION PLAN FOR INCREASED FUNDING IN BLACK-LED SOCIAL CHANGE TO BUILD INSTITUTIONAL POWER IN OUR COMMUNITY.ABFE AND JPMORGAN CHASE HOSTED "BUILDING ECONOMIC POWER IN BLACK COMMUNITIES" AT THE CONGRESSIONAL BLACK CAUCUS ANNUAL LEGISLATIVE CONFERENCE. THIS WAS ABFE'S THIRD YEAR TEAMING UP WITH JPMC TO SHINE A SPOTLIGHT ON THE IMPORTANCE OF SUPPORTING BLACK BUSINESSES AND ENTREPRENEURS.OUR SYMPOSIUM WAS CENTERED ON THE DUPLICATION OF BLACK DOLLAR CIRCULATION, THE GENERATION OF CAPITAL FOR BLACK-OWNED BUSINESSES, THE FINANCIAL INFRASTRUCTURE OF BLACK BUSINESS, AND IDENTIFYING THE SUPPORT THAT IS NEEDED FOR BLACK BUSINESSES TO THRIVE. 35215 76405 OTHER PROGRAMSOTHER PROGRAMS INCLUDE ENGAGEMENTS WITH ABFE'S PARTNERSHIPS AND NETWORKS BOTH IN THE USA AND IN THE BLACK COMMUNITIES IN THE DIASPORA AND ACCESS TO ABFE'S NETWORKS BY WAY OF JOB POSTINGS. 547811 135705 1396494 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY IN X X JANET GUMBS VP FINANCE AND ADMIN 6463929877 55 EXCHANGE PLACE NO 401 NEW YORK NY 10005 MSKAREN MCNEIL-MILLER CHAIR 2.00 X X 0 0 0 MR CEDRIC BROWN VICE CHAIR 1.00 X X 0 0 0 MS TRISTA HARRIS TREASURER 1.00 X X 0 0 0 DR SYLVIA BARTLEY SECRETARY 1.00 X 0 0 0 MR CORY ANDERSON DIRECTOR 1.00 X 0 0 0 MS STEPHANIE BELL-ROSE DIRECTOR 1.00 X 0 0 0 MR WILLIAM BUSTER DIRECTOR 1.00 X 0 0 0 MS LAUREN CASTEEL DIRECTOR 1.00 X 0 0 0 MS MELISSA DESHIELDS DIRECTOR 1.00 X 0 0 0 MR JAMES HEAD DIRECTOR 1.00 X 0 0 0 MS WENDY LEWIS JACKSON DIRECTOR 1.00 X 0 0 0 MR KENNETH JONES DIRECTOR 1.00 X 0 0 0 MS ANTOINETTE MALVEAUX DIRECTOR 1.00 X 0 0 0 MS SHARON NASH BUSH DIRECTOR 1.00 X 0 0 0 MS UPENDO SHABAZZ DIRECTOR 1.00 X 0 0 0 MS MARIA WOODRUFF-WRIGHT DIRECTOR 1.00 X 0 0 0 MS SUSAN TAYLOR BATTEN PRESIDENT & CEO 35.00 X 204800 0 47850 MS JANET GUMBS VP FINANCE AND ADMIN 35.00 X 130846 0 24041 MR EDWARD JONES VP, PROGRAMS 35.00 X 132712 0 23208 MS MICHELL SPEIGHT CHIEF OF STAFF 35.00 X 124038 0 18529 592396 0 113628 4 0 1 0 PHILANTHROPY UNBOUND 101 6TH AVENUE NEW YORK NY 10013 ADVISORY SERVICES 154800 1 439280 8267674 8706954 PROGRAM & LECTURE FEES 611710 388225 388225 JOBS CORNER REVENUE 541800 76405 76405 MEMBERSHIP DUES 611710 52500 52500 517130 2036 2036 9226120 517130 0 2036 X 407537 78651 257979 70907 908892 652856 128978 127058 25455 18550 2918 3987 144567 95974 26217 22376 93278 50244 27960 15074 49530 21081 2189 26260 56250 56250 510308 243681 29187 237440 30001 19252 6984 3765 32002 15048 3751 13203 133360 75663 37487 20210 27749 19310 8439 68014 47330 20684 8640 4902 2429 1309 DUES & SUBSCRIPTIONS 37893 22444 9826 5623 REPAIRS & MAINTENANCE 34845 19769 9795 5281 STAFF DEVELOPMENT 15300 8681 4300 2319 MOVING EXPENSES 5370 3058 1501 811 2588991 1396494 580624 611873 116925 6916085 702713 309854 621228 1407080 19116 112550 48338 4863 0 0 0 0 8023 25191 1516343 8775623 112253 127524 199867 530892 0 275855 312120 934271 X 126782 1061327 1077441 6780025 1204223 7841352 1516343 8775623 6637129 0 X X 0 1 X 1 0 X 1793016 2614890 3011325 1223328 8706954 17349513 1793016 2614890 3011325 1223328 8706954 17349513 7734849 9614664 1919 3114 2208 2836 2036 12113 333 333 17361959 2646853 0.55380 0.71140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2017 AMOUNT: $ 333. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYCHECK PROTECTION PROGRAM LOAN 275855 275855 X 9226120 0 9226120 0 9226120 2588991 0 2588991 0 2588991 PART X, LINE 2: THE ASSOCIATION RECOGNIZES THE EFFECT OF TAX POSITIONS WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATIONS OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAX, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE DISCLOSURE AND/OR RECOGNITION IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2017. X X X 1 SAAD&SHAW 715 HARBOR EDGE CIRCLE 102 MEMPHIS TN 38103 CONSULTED ON FUNDRAISING AND FEASIBILITY STUDY 0 0 56250 -56250 56250 -56250 IN NY SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE AGREEMENT PROVIDES FOR THE PAYMENT OF FEES FOR FUNDRAISING CONSULTING AND FEASIBILITY STUDIES IN AMOUNT OF $81,250. ADDITIONALLY, THE AGREEMENT ALSO PROVIDED FOR THE REIMBURSEMENT OF SPECIFIC TRAVEL RELATED EXPENSES. X X X X 0 0 0 0 0 0 0 0 0 MS SUSAN TAYLOR BATTEN PRESIDENT & CEO 204800 0 0 0 0 0 8388 0 39462 0 252650 0 0 0 MR EDWARD JONES VP, PROGRAMS 132712 0 0 0 0 0 4987 0 18221 0 155920 0 0 0 MS JANET GUMBS VP FINANCE AND ADMIN 130846 0 0 0 0 0 5512 0 18529 0 154887 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THE FOLLOWING THREE CLASSES OF MEMBERSHIP: 1) INSTITUTIONAL, INCLUDING AN ENTITY PRIVATE, PUBLIC, COMMUNITY, FAMILY OR CORPORATE GRANTMAKING INSTITUTION OR A NONPROFIT ORGANIZATION OR CORPORATION PARTICIPATING AS A GRANTOR AND/OR INVESTOR IN BLACK COMMUNITIES; 2) INDIVIDUAL VOTING MEMBERS, INCLUDING CURRENT OR PAST DONOR, TRUSTEE OR STAFF OF AN ORGANIZATION ELIGIBLE; AND 3) INDIVIDUAL ASSOCIATE MEMBERS, INCLUDING INDIVIDUAL THAT SUPPORTS ABFE'S MISSION MAY BECOME AN ASSOCIATE MEMBER UPON APPLICATION AND PAYMENT OF DUES. FORM 990, PART VI, SECTION A, LINE 7A THE ELECTION OF THE BOARD OF DIRECTORS IS SUBJECT TO APPROVAL BY THE INDIVIDUAL VOTING MEMBERS. EACH YEAR AT ABFE'S ANNUAL MEMBERSHIP MEETING, A SLATE OF CANDIDATES TO SERVE ON ABFE'S BOARD IS ELECTED BY ELIGIBLE MEMBERS WITH VOTING PRIVILEGES, INCLUDING MEMBERS IN GOOD STANDING. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED ELECTRONICALLY BY EMAIL TO THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT IS FILED. THE BOARD OF DIRECTORS REVIEWS AND PROVIDES FEEDBACK ON THE FORM 990. THE FEEDBACK IS REVIEWED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ABFE HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO THE BOARD OF DIRECTORS AND OFFICERS. EACH MEMBER OF THE BOARD OF DIRECTORS MUST SIGN A CONFLICT OF INTEREST STATEMENT UPON BECOMING A BOARD MEMBER. IN ADDITION, SITTING BOARD MEMBERS AND OFFICERS MUST ANNUALLY SIGN THE CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST FOR EACH YEAR THAT THEY ARE ON THE BOARD. BOARD MEMBERS ARE ALSO ASKED TO PRESENT ANY CONFLICT OF INTEREST DURING THEIR FIRST REGULAR BOARD MEETING OF THE YEAR. ANY CONFLICT OF INTEREST NOTED WILL BE REVIEWED BY THE PRESIDENT, CHAIR, AND OTHER MEMBERS OF THE BOARD OF DIRECTORS AND IS HANDLED ON A CASE-BY-CASE BASIS, WHICH IS RECORDED IN THE BOARD MEETING MINUTES. IF AN ACTUAL CONFLICT EXISTS, INTERESTED PARTY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISION ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY RANGE FOR THE PRESIDENT & CEO WAS SET BY THE EXECUTIVE COMMITTEE BASED ON A SURVEY OF NONPROFIT EXECUTIVE SALARIES IN ORGANIZATIONS OF SIMILAR SIZE (BUDGET AND STAFF) IN THE NYC METROPOLITAN REGION. THE EXECUTIVE COMMITTEE'S ANNUAL ASSESSMENT OF THE PRESIDENT & CEO'S PERFORMANCE IS USED TO DETERMINE SALARY ADJUSTMENTS AND SALARY SURVEYS, INCLUDING SALARY DATA FOR SIMILAR ORGANIZATIONS IN THE NON-PROFIT SECTOR, ARE USED TO DETERMINE STAFF SALARIES. THE FINANCE COMMITTEE APPROVES THE COMPENSATION OF THE PRESIDENT & CEO, OTHER OFFICERS, AND ALL STAFF THROUGH THE BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ABFE MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORM 990, AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G PROGRAM CONSULTING FEES: PROGRAM SERVICE EXPENSES 148,325. MANAGEMENT AND GENERAL EXPENSES 15,397. FUNDRAISING EXPENSES 128,512. TOTAL EXPENSES 292,234. DEVELOPMENT CONSULTING FEES: PROGRAM SERVICE EXPENSES 74,272. MANAGEMENT AND GENERAL EXPENSES 7,710. FUNDRAISING EXPENSES 92,518. TOTAL EXPENSES 174,500. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 10,047. MANAGEMENT AND GENERAL EXPENSES 4,934. FUNDRAISING EXPENSES 2,663. TOTAL EXPENSES 17,644. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 11,037. MANAGEMENT AND GENERAL EXPENSES 1,146. FUNDRAISING EXPENSES 13,747. TOTAL EXPENSES 25,930. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. RETURN FILING EXTENDED TO JANUARY 3, 2022ASSOCIATION OF BLACK FOUNDATION EXECUTIVES, INC. HAS MADE A DECLARATION WITH THE IRS TO POSTPONE THE FILING OF ITS TAX RETURN TO ON OR BEFORE JANUARY 3, 2022 DUE TO THE EFFECTS OF HURRICANE IDA. THE IRS'S HURRICANE IDA TAX RELIEF POSTPONES VARIOUS TAX FILINGS AND PAYMENTS NORMALLY DUE AFTER SEPTEMBER 1, 2021 THROUGH JANUARY 3, 2022. AS SUCH, PLEASE ACCEPT OUR TAX RETURN AS BEING TIMELY FILED.