2026-03-14T09:50:18-05:00 2024-09-30 430352985 KERBER ECK & BRAECKEL LLP 852 CAMBRIDGE BLVD STE 100 OFALLON IL 62269 990PF 2023-10-01 431634579 CITY OF ST PETERS' NATATORIUM FOUNDATION CITY 6364776600 ONE ST PETERS CENTRE BLVD ST PETERS MO 63376 RUSSELL BATZEL PRESIDENT 6364776600 2026-03-14 1 1 JAY GENSERT P01855201 6186327574 2026-03-12 2023 2025-03-06 01:10:19Z X X 2305311 X X 60313 60313 112903 543998 112903 110 110 173326 173326 0 0 0 4566 0 0 10852 10852 0 10801 0 0 280 0 0 26499 10852 0 109000 109000 135499 10852 109000 37827 162474 23297 19275 19275 252979 209904 390307 1633838 1726940 1895729 1910114 1956119 2305311 2623 10801 2623 10801 X 2275848 2275848 0 0 -368357 -330530 1907491 1945318 1910114 1956119 1907491 37827 0 1945318 0 1945318 ENTERPRISE BANK - 5087 LT 208877 196827 12050 12050 ENTERPRISE BANK - 5408 ST 18160 16522 1638 1638 ENTERPRISE BANK - 5087 ST 104451 108370 -3919 -3919 ENTERPRISE BANK - 5408 LT 210554 109376 101178 101178 ENTERPRISE BANK 1434 1434 1434 CAPITAL GAINS DIVIDENDS P 522 522 522 112903 2258 0 2258 0 2258 638 0 0 0 2258 0 0 0 0 0 0 0 0 0 0 0 0 1 1 MO 1 0 0 0 0 1 WWW.STPETERSMO.NET CITY OF ST PETERS 6364776600 ONE ST PETERS CENTRE BLVD ST PETERS MO 63376 0 0 0 0 0 0 0 0 1 2021 2020 1 0 0 0 0 0 0 0 0 0 0 0 0 DALE BROWN 1 ST PETERS CENTER BLVD ST PETERS MO 63376 DIRECTOR 2.00 0 0 0 RUSSELL W BATZEL 1 ST PETERS CENTER BLVD ST PETERS MO 63376 DIRECTOR 2.00 0 0 0 WILLIAM R WEBER 1 ST PETERS CENTER BLVD ST PETERS MO 63376 DIRECTOR 2.00 0 0 0 NONE 0 NONE 0 0 2208687 22244 0 2230931 0 0 2230931 33464 2197467 109873 109873 2258 2258 107615 0 107615 0 107615 109000 0 109000 107615 97695 2021 2020 148076 0 109000 97695 11305 0 0 0 0 0 0 136771 0 136771 0 107615 0 0 0 X CITY OF ST PETERS NATATORIUM 1 ST PETERS CENTRE BLVD ST PETERS MO 63376 GOV TO MAINTAIN ST. PETERS NATATORIUM 109000 109000 0 14 60313 14 110 18 112903 0 173326 0 173326 0 0 0 0 0 0 0 0 0 0 ACCOUNTING/AUDIT FEES 4566 0 0 ELECTION PURSUANT TO REG. 53.4942(A)-3CITY OF ST. PETERS' NATATORIUM FOUNDATION (THE ORG), A PRIVATE FOUNDATION WHICH USES A 9/30 FISCAL YEAR AS ITS TAXABLE YEAR, HAS UNDISTRIBUTED NET INCOME OF $75,803 FOR TAX YEAR 9/30/21, $72,273 FOR TAX YEAR 9/30/22 AND $97,695 FOR TAX YEAR 9/30/23. DURING TAX YEAR 9/30/24, THE ORG MADE A QUALIFYING DISTRIBUTION IN THE AMOUNT OF $109,000 TO MAINTAIN THE CITY OF ST. PETERS NATATORIUM. THE ORG IS MAKING AN ELECTION UNDER PARAGRAPH (D)(2) OF REG. 53.4942(A)-3 TO HAVE ITS DISTRIBUTIONS FOR TAX YEAR 9/30/24 IN THE AMOUNT $109,000 APPLIED FIRST AGAINST ITS UNDISTRIBUTED INCOME FOR TAX YEAR 9/30/23 AND NEXT FOR TAX YEAR 9/30/22. THUS, $97,695 OF THE QUALIFYING DISTRIBUTION IS TREATED AS MADE OUT OF THE UNDISTRIBUTED INCOME FOR TAX YEAR 9/30/23 AND $11,305 OUT OF THE UNDISTRIBUTED INCOME FOR TAX YEAR 9/30/22. THE INITIAL EXCISE TAX OF 30% UNDER IRC 4942(A) IS IMPOSED ON THE REMAINING UNDISTRIBUTED INCOME OF $41,031 FOR TAX YEARS 9/30/21 AND 9/30/22 EXPLANATION OF AMENDMENT 990PF, PART XIII, LINES 3 & 6 EXPLANATION OF AMENDMENTTHE ORGANIZATION MISTAKENLY INCLUDED THE FOLLOWING EXCESS DISTRIBUTIONS CARRYOVER ON THE ORIGINALLY FILED RETURN FOR THE PERIOD ENDING 9/30/2021: 2015 - $29,487 2016 - $27,177 2017 - $24,787 2018 - $30,623 2019 - $29,055THE PERIOD ENDING 9/30/2021 SHOULD HAVE ONLY HAD A SINGLE EXCESS CARRYOVER OF $29,055 FROM 2018. AMENDING THE RETURN RESULTS IN $75,803 OF UNDISTRIBUTED INCOME FOR THE PERIOD ENDING 9/30/2021 THAT NEEDED TO BE DISTRIBUTED BEFORE 9/30/2022.THIS CARRYFORWARD ERROR CONTINUED ON THE RETURN FOR THE PERIOD ENDING 9/30/2022. FOR THE PERIOD ENDING 9/30/2022, THE DISTRIBUTABLE AMOUNT REPORTED WAS $102,286, OFFSET BY A CARRYOVER OF $36,271. HOWEVER, THERE SHOULD HAVE BEEN NO CARRYOVER LEFT. AMENDING THE RETURN RESULTS IN THE ENTIRE DISTRIBUTABLE AMOUNT OF $102,286 REMAINING UNDISTRIBUTED AT 9/30/2022 AND NEEDING TO BE DISTRIBUTED BEFORE 9/30/2023. IN ADDITION, AN EXCISE TAX ON $75,803 OF UNDISTRIBUTED INCOME IN THE AMOUNT OF $22,741 SHOULD HAVE BEEN REPORTED AND INCLUDED ON FORM 4720 FOR THE PERIOD ENDING 9/30/2022.THIS CARRYFORWARD ERROR CONTINUED ON THE RETURN FOR THE PERIOD ENDING 9/30/2023. FOR THE PERIOD ENDING 9/30/2023, THE UNDISTRIBUTED AMOUNT REPORTED WAS $66,015. HOWEVER, AMENDING THE RETURN RESULTS IN THE ORGANIZATION STILL NEEDING TO DISTRIBUTE $75,803 AND $102,286, IN ADDITION TO THE 9/30/2023 AMOUNT OF $97,695 DUE DURING THE NEXT FISCAL YEAR. THE $102,286 WAS REDUCED BY $30,013 OF QUALIFYING DISTRIBUTIONS FOR THE PERIOD ENDING 9/30/2023. THIS RESULTED IN AN EXCISE TAX OF $44,423 FOR THE PERIOD ENDING 9/30/2023, OFFSET BY $10,801 OF EXCISE TAX ALREADY PAID FOR THIS PERIOD BY THE ORGANIZATION FOR A TOTAL OF $33,622 STILL DUE. THIS CARRYFORWARD ERROR CONTINUED ON THE RETURN FOR THE PERIOD ENDING 9/30/2024. FOR THE PERIOD ENDING 9/30/2024, THE UNDISTRIBUTED AMOUNT REPORTED WAS $133,697. HOWEVER, AMENDING THE RETURN RESULTS IN THE ORGANIZATION STILL NEEDING TO DISTRIBUTE $75,803, $72,273 AND $97,695, IN ADDITION TO THE 9/30/2024 AMOUNT OF $107,615 DUE DURING THE NEXT FISCAL YEAR. QUALIFYING DISTRIBUTIONS FOR THE PERIOD ENDING 9/30/2024 IN THE AMOUNT OF $109,000 REDUCED THE $97,695 TO ZERO AND $72,273 TO $60,968. THIS RESULTED IN AN EXCISE TAX OF $41,031 FOR THE PERIOD ENDING 9/30/2024, OFFSET BY $7,409 OF EXCISE TAX ALREADY PAID FOR THIS PERIOD BY THE ORGANIZATION FOR A TOTAL OF $33,622 STILL DUE. REQUEST FOR ABATEMENT FORM 4720 WE HAVE MAILED A LETTER TO REQUEST ABATEMENT TO THE IRS ON 11/15/2025. IN ORDER TO HELP FACILITATE OUR COMMUNICATION, WE HAVE ALSO ATTACHED OUR ABATEMENT REQUEST HERE:DEAR SIR OR MADAM,WE ARE WRITING ON BEHALF OF THE ABOVE-REFERENCED TAXPAYER IN REGARD TO AN EXCESS DISTRIBUTION CARRYOVER ERROR RESULTING IN THE MISSTATEMENT OF THE EXCESS DISTRIBUTION CARRYOVER ON FORM 990-PF FOR THE YEARS ENDED SEPTEMBER 30, 2021 THROUGH SEPTEMBER 30, 2024. THE ORGANIZATION MISTAKENLY FILED A 9/30/2021 RETURN THAT INCLUDED EXCESS DISTRIBUTION CARRYOVERS FROM THE YEARS 2015 2018 WHICH HAD ALREADY BEEN USED AGAINST THE DISTRIBUTABLE AMOUNT FROM THE PRIOR YEAR. THE FOLLOWING AMOUNTS WERE INCORRECTLY CARRIED FORWARD:2015 $29,4872016 $27,1772017 $24,7872018 $30,623UPON REVIEW, IT WAS DETERMINED THAT ONLY A 2018 CARRYOVER OF $29,055 SHOULD HAVE BEEN INCLUDED. THIS ERROR RESULTED IN AN UNDERSTATEMENT OF UNDISTRIBUTED INCOME OF $75,803 FOR THE PERIOD ENDING 9/30/2021, WHICH SHOULD HAVE BEEN DISTRIBUTED BY 9/30/2022.THIS MISCALCULATION CONTINUED IN SUBSEQUENT YEARS: 9/30/2022: THE DISTRIBUTABLE AMOUNT OF $102,286 WAS INCORRECTLY OFFSET BY A CARRYOVER OF $36,271. THERE SHOULD HAVE BEEN NO REMAINING CARRYOVER. AMENDING THE RETURN REVEALED THE FULL AMOUNT REMAINED UNDISTRIBUTED IN ADDITION TO THE UNDISTRIBUTED 9/30/2021 INCOME. DUE TO THIS, A 30% TAX OF $22,741 SHOULD HAVE BEEN REPORTED. 9/30/2023: AMENDING THE RETURN SHOWED CUMULATIVE UNDISTRIBUTED INCOME SUBJECT TO THE 30% TAX WAS $148,076 RESULTING IN TAX OF $44,423 WHICH SHOULD HAVE BEEN REPORTED. THE ORGANIZATION ALREADY PAID $10,801 OF TAX ON THE UNDISTRIBUTED INCOME AMOUNT AS IT WAS REPORTED ON THE ORIGINALLY FILED 9/30/2023 RETURN, RESULTING IN A BALANCE OF $33,622 STILL OUTSTANDING. 9/30/2024: AMENDING THE RETURN SHOWED CUMULATIVE UNDISTRIBUTED INCOME SUBJECT TO THE 30% TAX WAS $136,771 RESULTING IN TAX OF $41,031 WHICH SHOULD HAVE BEEN REPORTED. THE ORGANIZATION ALREADY PAID $7,409 OF TAX ON THE UNDISTRIBUTED INCOME AMOUNT AS IT WAS REPORTED ON THE ORIGINALLY FILED 9/30/24 RETURN, RESULTING IN A BALANCE OF $33,622 STILL OUTSTANDING. THE CUMULATIVE REMAINING UNPAID 30% TAX FOR THE TAX YEARS 9/30/2022 9/30/2024 RESULTING FROM THE ERROR IS $89,985.THIS REPORTING ERROR WAS UNINTENTIONAL. THE ERROR WAS AIDED BY THE TRANSFER OF INFORMATION FROM A PRIOR CERTIFIED PUBLIC ACCOUNTANT TO THE NEW CERTIFIED PUBLIC ACCOUNTANT FILING THE ORGANIZATION'S 990-PF FOR THE FIRST TIME FOR THE YEAR ENDED 9/30/2021. THE ORGANIZATION RELIED ON THE EXPERTISE OF THE CERTIFIED PUBLIC ACCOUNTANTS AND WAS UNAWARE OF THE REPORTING ERROR UNTIL 2025 WHEN THE ERROR WAS DISCOVERED. UPON DISCOVERY, THE ORGANIZATION TOOK CORRECTIVE ACTION BY FIRST DISTRIBUTING ALL REQUIRED AMOUNTS FROM TAX YEARS 9/30/2021 9/30/2024 THAT IT ORIGINALLY FAILED TO DISTRIBUTE. THE ORGANIZATION IS ALSO FILING AMENDED FORM 990-PF'S FOR ALL AFFECTED RETURNS, 9/30/2021 9/30/2024, WITH THE APPROPRIATE 30% TAX CALCULATED. THE ORGANIZATION HAS IMPLEMENTED ADDITIONAL REVIEW PROCEDURES TO ENSURE COMPLIANCE MOVING FORWARD.GIVEN THE ORGANIZATION'S GOOD FAITH EFFORT TO COMPLY AS SOON AS THE ERROR WAS DISCOVERED, THE ABSENCE OF WILLFUL NEGLECT, AND THE RELIANCE ON THE CERTIFIED PUBLIC ACCOUNTANT, WE BELIEVE THIS CONSTITUTES REASONABLE CAUSE FOR RELIEF. BECAUSE OF THIS, WE SEE NO PUBLIC POLICY ADVANTAGE IN PENALIZING A 501(C)(3) EXEMPT PRIVATE FOUNDATION.THE ORGANIZATION IS FILING AMENDED RETURNS FOR THE YEARS 9/30/2021 9/30/2024 WITH CORRECTED AMOUNTS FOR THE EXCESS DISTRIBUTION CARRYOVER, UNDISTRIBUTED INCOME, AND 30% EXCISE TAX ON UNDISTRIBUTED INCOME. WE RESPECTFULLY REQUEST ABATEMENT OF ANY ADDITIONAL 30% EXCISE TAX IN THE TOTAL AMOUNT OF $89,985 RESULTING FROM UNDISTRIBUTED INCOME FOR THE PERIODS ENDING 9/30/2022, 9/30/2023, AND 9/30/2024. CORPORATE STOCK 209904 390307 MUTUAL FUNDS AT COST 1158514 1137651 EXCHANGE TRADED PRODUCTS AT COST 468522 655005 OTHER AT COST 99904 103073 MISCELLANEOUS 280 0 0 MISCELLANEOUS 110 110 110 DUE TO/DUE FROM GENERAL FUND 2623 10801 INVESTMENT EXPENSE 10852 10852 0 FEDERAL EXCISE TAX 10801 0 0