Belmont Hill School Inc.

“The School accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The School has identified its tax status as a tax-exempt entity as a tax position; however, the School has determined that such tax position does not result in an uncertainty requiring recognition. The School is not currently under examination by any taxing jurisdiction. The School's Federal and state tax returns are generally open for examination for three years following the date filed.”

“The endowment supports the educational mission of the school, by providing support for financial aid for students, faculty compensation and continuing education, school programs and facilities, as well as general support for school operations.”

“The School accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The School has identified its tax status as a tax-exempt entity as a tax position; however, the School has determined that such tax position does not result in an uncertainty requiring recognition. The School is not currently under examination by any taxing jurisdiction. The School's Federal and state tax returns are generally open for examination for three years following the date filed.”

“Other adjustments are expenses which were netted out of revenue. Special events expense $ 61,270, Cost of goods sold $ 263,199, Rental expenses $ 981,500 and the Change in the Value of Split Interest Agreements $119,061.”

“Other adjustments Financial Aid Grants $ 8,595,075.”

“Other adjustments are expenses which were netted out of revenue. Special events expense $61,270, Cost of goods sold $263,199, Rental expenses $981,500.”

“Other adjustments Financial Aid Grants $8,595,075.”