2026-08-13T08:05:14-05:00 2025-06-30 990 2024-07-01 030276070 WHITE RIVER ROTARY CHARITABLE FUND INC WHIT 8023567123 PO BOX 4003 WHITE RIVER JCT VT 05001 AARON MACASKILL TREASURER 8023567123 2026-08-09 1 2024 2025-03-06 01:10:19Z AARON MACASKILL 72 BUCKINGHAM PL LEBANON NH 03766 38064 0 X N/A X 1986 VT PROVIDE SCHOLARSHIPS TO HARTFORD HIGHSCHOOL AND HARTFORD AREA CAREER AND TECHNOLOGY STUDENTS IN HARTFORD VT 7 7 0 7 0 0 0 10748 0 0 63889 27316 0 0 63889 38064 23000 21000 0 0 0 0 0 0 0 0 0 23000 21000 40889 17064 454711 507556 0 0 454711 507556 X THE MISSION OF THE WHITE RIVER ROTARY CHARITABLE FUND, INC. IS TO ASSIST GRADUATING SENIORS FROM HARTFORD HIGH SCHOOL AND HARTFORD CAREER AND TECHNOLOGY CENTER IN CONTINUING THEIR EDUCATION OR SUCCESS IN THEIR CHOSEN CAREERS THROUGH ANNUAL SCHOLARSHIPS AND AWARDS. ADDITIONALLY, IT SUPPORTS THE EFFORTS OF THE WHITE RIVER ROTARY CLUB IN ADVANCING HEALTH AND EDUCATION IN ALLEVIATING HUNGER IN THE WHITE RIVER JUNCTION COMMUNITY. 0 0 21000 21000 PROVIDED 10 SCHOLARSHIPS TO STUDENTS ATTENDING EITHER HARTFORD HIGH SCHOOL OR HARTFORD CAREER AND TECHNOLOGY CENTER IN HARTFORD VERMONT. 21000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 X AARON MACASKILL TREASURER 8023567123 72 BUCKINGHAM PL LEBANON NH 03766 X SCOTT FARNSWORTH PRESIDENT 1.00 X 0 0 0 AARON MACASKILL TREASURER 1.00 X 0 0 0 JUDEEN BARWOOD SECRETARY 1.00 X 0 0 0 PJ SKEHAN DIRECTOR 1.00 X 0 0 0 DAVID LANDRY DIRECTOR 0.00 X 0 0 0 WAYNE RUSSELL DIRECTOR 1.00 X 0 0 0 NANCY RUSSELL DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 10748 10748 11260 11260 16056 0 16056 16056 16056 38064 0 0 27316 21000 21000 21000 21000 0 0 28702 27676 409932 472494 16077 7386 454711 507556 0 0 X 454711 507556 454711 507556 454711 507556 17064 35781 0 X 0 0 0 X 2710 191 15000 0 10748 28649 2710 191 15000 10748 28649 28649 7638 6761 7132 9082 11260 41873 70522 0.40620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 EDUCATIONAL 10 21000 PART I, LINE 2: ORGANIZATION AWARDS SCHOLARSHIPS TO STUDENTS ANNUALLY ONLY TO STUDENTS ATTENTING HARTFORD HIGHSCHOOL AND HARTFORD CAREER AND TECHNOLOGY CENTER IN HARTFORD VERMONT. FORM 990, PART VI, SECTION A, LINE 2 NANCY AND WAYNE RUSSELL HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF THE CORPORATION SHALL INCLUIDE THE BOARD OF DIRECTORS, OFFICERS AND THE WHITE RIVER ROTARY CLUB BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS OF THE WHITE RIVER ROTARY CHARITABLE FUND, INC. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUBCOMMITTEE'S OF THE BOARD OF DIRECTORS SO NO MINUTES ARE MAINTAINED. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS EMAILED TO EACH BOARD MEMBER PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST MADE TO THE TREASURER. TO WHOM IT MAY CONCERN, WE ARE WRITING TO RESPECTFULLY REQUEST A FULL ABATEMENT AND WAIVER OF ALL LATE-FILING PENALTIES ASSESSED UNDER INTERNAL REVENUE CODE (IRC) SECTION 6652(C)(1)(A) REGARDING THE DELAYED SUBMISSION OF OUR FORM 990 FOR THE TAX PERIOD NOTED ABOVE. 1. STATEMENT OF FACTS AND EXERCISE OF ORDINARY BUSINESS CARE OUR ORGANIZATION HAS HISTORICALLY OPERATED AS A SMALL NON-PROFIT ENTITY. IN STRICT ACCORDANCE WITH ORDINARY BUSINESS CARE AND PRUDENCE, OUR VOLUNTEER TREASURER PROACTIVELY COMPILED OUR RECORDS AND SUBMITTED OUR ANNUAL ELECTRONIC FORM 990-N (E-POSTCARD) BEFORE THE ORIGINAL STATUTORY DEADLINE, BELIEVING IN GOOD FAITH THAT WE FULFILLED THE SMALL-FILER CRITERIA. HOWEVER, A SUBSEQUENT, THOROUGH REVIEW OF OUR BROADER PORTFOLIO REVEALED AN INTERNAL ACCOUNTING OVERSIGHT. WHILE OUR OPERATING GROSS RECEIPTS STRICTLY REMAINED BELOW $50,000-WHICH USUALLY PERMITS A 990-N FILING-OUR TREASURER INADVERTENTLY TRACKED LIQUID CASH RESERVES ($27,675) AND MINOR OPERATIONAL ASSETS ($7,386) FOR OUR THRESHOLD CALCULATIONS, WHILE FAILING TO REALIZE THAT OUR LONG-TERM, PASSIVE INVESTMENT PORTFOLIO ($472,494) BROUGHT OUR TOTAL YEAR-END ASSETS TO $507,555. THIS PUSHED US MARGINALLY OVER THE $500,000 THRESHOLD, LEGALLY DISQUALIFYING US FROM BOTH FORM 990-N AND FORM 990-EZ. 2. REASONABLE CAUSE AND LACK OF WILLFUL NEGLECT THIS ERROR WAS ENTIRELY UNINTENTIONAL AND DID NOT STEM FROM CARELESS DISREGARD OR WILLFUL NEGLECT. THE ORGANIZATION ACTED IN COMPLETE GOOD FAITH, AS EVIDENCED BY OUR ON-TIME ELECTRONIC 990-N SUBMISSION. UPON DISCOVERING THAT OUR AGGREGATE ASSET BASE MATHEMATICALLY REQUIRED A LONG-FORM FILING, WE IMMEDIATELY EXERCISED DUE DILIGENCE TO RECONSTRUCT OUR BALANCE SHEET HISTORICAL COLUMNS, PREPARE A FULL FORM 990, AND ELECTRONICALLY SUBMIT THE CORRECT RETURN TO BRING OUR ACCOUNT INTO FULL COMPLIANCE. 3. STATUTORY PENALTY CAPPING CONSIDERATION WE ALSO RESPECTFULLY REQUEST THAT THE IRS APPLY THE MANDATORY STATUTORY PENALTY CAP UNDER IRC SECTION 6652(C)(1)(A). FOR ORGANIZATIONS WITH GROSS RECEIPTS UNDER $1 MILLION, THE MAXIMUM PENALTY IS STRICTLY LIMITED TO THE LESSER OF $12,000 OR 5 PERCENT OF THE ORGANIZATION'S GROSS RECEIPTS FOR THE YEAR. BECAUSE OUR GROSS RECEIPTS FOR THIS TAX PERIOD WERE $38,064, OUR TOTAL PENALTY EXPOSURE IS LEGALLY CAPPED AT $1,903 (5% OF $38,064), RATHER THAN THE STANDARD DAILY CALCULATION. GIVEN OUR CLEAN HISTORICAL COMPLIANCE RECORD, OUR PROMPT SELF-CORRECTION, AND OUR VOLUNTEER-LED STRUCTURE, WE KINDLY REQUEST THAT YOU FIND REASONABLE CAUSE PRESENT AND WAIVE ALL LATE-FILING FEES IN FULL.