Christs Hope U S a Inc

Schedule D, Part X, Line 2

“On January 1 2009, the organization adopted accounting guidance relating to accounting for uncertainty income tax laws which sets out a consistent framework to determine the appropriate level of tax reserves to maintain for the uncertain tax positions. While management believes it has complied fully with the Internal Revenue code, the sustainability of some tax positions taken by the organization in its tax returns may be uncertain. There are minimum thresholds of likelihood that uncertain tax positions are required to meet before being recognized and disclosed in the financial statements. The organization's tax-exempt status is defined as a tax position under the accounting guidance. If the organization were to lose its tax-exempt status, an income tax provision would be required, and the matters discussed in the above paragraph could impact the amount of such a provision. In addition, should an unsustainable position result in interest and penalties, they would be treated as component of the income tax expense. Management is not aware of any uncertain tax positions that would have a material effect on the organization's financial statements. The organization's federal income tax returns are subject to examination by the Internal Revenue Service, generally for three years after filing. At June 30, 2014, the years 2013, 2012 and 2011 are subject to examination.”