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PALM BEACH NAVY SEAL EVENING OF TRIBUTE INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PALM BEACH NAVY SEAL EVENING OF TRIBUTE INC (EIN 81-1955263)
Tax period
2020-03-01 to 2021-02-28
Filed
2021-10-20
IRS object ID
202142939349300329
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-10-20T12:12:58-05:00ReturnTs
Tax Period End2021-02-28TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN331197384PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDERSEN TAX LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 NORTH CLEMATIS STREET SUITE 110AddressLine1Txt
CityWEST PALM BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33401ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-03-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN811955263EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PALM BEACH NAVY SEALBusinessNameLine1Txt
Business Name Line2EVENING OF TRIBUTE INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPALMBusinessNameControlTxt
Phone5613452390PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 ROYAL PALM WAY SUITE 101AddressLine1Txt
CityPALM BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33480ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL KLUGERPersonNm
Person Title450 ROYAL PALM WAY SUITE 101PersonTitleTxt
Phone5613452390PhoneNum
Signature2021-08-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastKLUGERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLINDSEY GERLOCKPreparerPersonNm
PTINP01253608PTIN
Phone5618056550PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJANE WOODMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 ROYAL PALM WAY SUITE 101AddressLine1Txt
CityPALM BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33480ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$44GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://WWW.PBNAVYSEALEVENINGOFTRIBUTE.COM/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionPALM BEACH NAVY SEAL EVENING OF TRIBUTE INC.'S MISSION IS TO PROVIDE SUPPORT TO THE NAVY SEALS, HONOR THEM, AND RAISE FUNDS TO SUPPORT THE ORGANIZATIONS THAT ASSIST THEM (NAVY SEAL FOUNDATION, THE NAVY SEAL MUSEUM, AND TRIDENT HOUSE) BY PLANNING AND EXECUTING A CHARITABLE DINNER AND HOSTING OTHER SIMILAR EVENTS.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$279,172PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,377PYInvestmentIncomeAmt
CY Investment Income$44CYInvestmentIncomeAmt
PY Other Revenue-$129,749PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$150,800PYTotalRevenueAmt
CY Total Revenue$44CYTotalRevenueAmt
PY Grants And Similar Paid$1,004,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$75,650CYTotalFundraisingExpenseAmt
PY Other Expenses$220,149PYOtherExpensesAmt
CY Other Expenses$78,398CYOtherExpensesAmt
PY Total Expenses$1,224,649PYTotalExpensesAmt
CY Total Expenses$78,398CYTotalExpensesAmt
PY Revenues Less Expenses-$1,073,849PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$78,354CYRevenuesLessExpensesAmt
Total Assets BOY$179,606TotalAssetsBOYAmt
Total Assets EOY$101,252TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$179,606NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$101,252NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPALM BEACH NAVY SEAL EVENING OF TRIBUTE INC.'S MISSION IS TO PROVIDE SUPPORT TO THE NAVY SEALS, HONOR THEM, AND RAISE FUNDS TO SUPPORT THE ORGANIZATIONS THAT ASSIST THEM (NAVY SEAL FOUNDATION, THE NAVY SEAL MUSEUM, AND TRIDENT HOUSE) BY PLANNING AND EXECUTING A CHARITABLE DINNER AND HOSTING OTHER SIMILAR EVENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$0ExpenseAmt
Grant$0GrantAmt
DescTHE PRIMARY ACCOMPLISHMENT OF THIS ORGANIZATION WILL BE THE CONTRIBUTION OF FUNDS TO THE NAVY SEAL FOUNDATION AND RELATED ORGANIZATIONS. THIS OCCURED THROUGH THE INAUGURAL NAVY SEAL EVENING OF TRIBUTE EVENT HELD APRIL 2017 AND HAS CONTINUED TO OCCUR ON A BIENNIAL BASIS; HOWEVER, DUE TO THE CORONAVIRUS PANDEMIC, THE BIENNIAL EVENT SCHEDULED FOR 2021 WAS CANCELLED.Desc
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL KLUGERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9178807427PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 ROYAL PALM WAY SUITE 101AddressLine1Txt
CityPALM BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33480ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
REBECCA WILLIAMS
DIRECTOR20.00Yes (X)$0$0$0
JANE WOODMAN
DIRECTOR15.00Yes (X)$0$0$0
MARGERY MCCLOSKEY
DIRECTOR5.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Info In Schedule O Part VIIIYes (X)InfoInScheduleOPartVIIIInd

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$44TotalRevenueColumnAmt
Exclusion$44ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$44TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$44ExclusionAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$268TotalAmt
Management And General$268ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,397TotalAmt
Management And General$1,397ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmt
MAR-A-LAGO DEPOSIT$75,000$75,000
TELEPHONE TELECOMMUNICA$518$518
COCKTAIL PARTY$500$500
LICENSE & PERMITS$375$375

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$340TotalAmt
Management And General$190ManagementAndGeneralAmt
Fundraising$150FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$78,398TotalAmt
Program Services$0ProgramServicesAmt
Management And General$2,748ManagementAndGeneralAmt
Fundraising$75,650FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$179,106BOYAmt
EOY$100,752EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
EOY$500EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$179,606BOYAmt
EOY$101,252EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$179,606BOYAmt
EOY$101,252EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$179,606BOYAmt
EOY$101,252EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$179,606BOYAmt
EOY$101,252EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$78,354ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,017,817CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$404,230CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,184,412CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$279,172CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$2,885,631TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,017,817CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$404,230CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,184,412CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$279,172CurrentTaxYearMinus1YearAmt
Total$2,885,631TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$2,885,631PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$106CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,044CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$306CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$453CurrentTaxYearMinus1YearAmt
Current Tax Year$44CurrentTaxYearAmt
Total$1,953TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$106CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,044CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$306CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$453CurrentTaxYearMinus1YearAmt
Current Tax Year$44CurrentTaxYearAmt
Total$1,953TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,017,923CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$405,274CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,184,718CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$279,625CurrentTaxYearMinus1YearAmt
Current Tax Year$44CurrentTaxYearAmt
Total$2,887,584TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BEACH MEMBER RECIEVED A COPY OF THE RETURN TO REVIEW BEFORE THE RETURN WAS FILED.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990 PART VIII LINE 8BTHE TAXPAYER IS A FISCAL YEAR CASH BASIS FILER THAT PUTS ON A BIENNIAL FUNDRAISING EVENT. DURING THE TAX YEAR, THE FUNDRAISING EVENT DID NOT TAKE PLACE. BECAUSE THE TAXPAYER IS A CASH METHOD FILER, NO DIRECT EXPENSE HAS BEEN RECORDED ON LINE 8B BECAUSE THE EXPENSE WAS NOT PAID FOR DURING THE TAX YEAR.

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