Child and Family Realty Corp

“Excerpt from waypoint consolidated financial statements: waypoint has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code (irc) section 501(a) as an organization described in irc section 501(c)(3), qualifies for charitable contribution deductions, and has been determined not to be a private foundation. Child and family realty corporation is exempt from federal income tax under section 501(a) of the internal revenue code as an organization described in section 501(c)(25). Each entity is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, each is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purpose. The organization accounts for uncertain tax provisions under fasb asc 740, income taxes, which provides a framework for how entities should recognize, measure, present, and disclose uncertain tax positions in their financial statements. The organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. Management has reviewed the organization's reporting and believes they have not taken tax positions that are more likely than not to be determined to be incorrect by the irs and, therefore, no adjustments or disclosures are required. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods pending or in progress.”

“Excerpt from waypoint consolidated financial statements: waypoint has been recognized by the internal revenue service (irs) as exempt from federal income taxes under internal revenue code (irc) section 501(a) as an organization described in irc section 501(c)(3), qualifies for charitable contribution deductions, and has been determined not to be a private foundation. Child and family realty corporation is exempt from federal income tax under section 501(a) of the internal revenue code as an organization described in section 501(c)(25). Each entity is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, each is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purpose.”