Voice for International Development And

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“Vida is a non-profit organization that is exempt from certain federal income taxes under internal revenue code section 501(c)(3) of the internal revenue code and has been classified as an organization that is not a private foundation. Vida adopted the provisions of the income taxes topic of the financial accounting standards board's accounting standards codification (fasb asc), which prescribes the measurement and disclosure requirements for current and deferred income tax provisions. It also prescribes a recognition threshold that a tax position is required to meet before being recognized in the financial statements and provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition rules. The implementation of the provisions of the income taxes topic of the fasb asc had no impact on the financial statements because the measurement and disclosure principles of this fasb asc topic generally do not apply to non-profit organizations exempt from the income tax under section 501(c) (3) of the internal revenue code and classified by the internal revenue service as an organization that is not a private foundation. Vida files form 990, information return of an exempt organization, with the federal government and form char 500, annual filing for charitable organization, with the state of new york (state of incorporation). Vida's form 990 for years 2013, 2012 and 2011 are subject to examination, generally for three years after having been filed. All filings have been timely made and are current. Vida has not been notified of any proposed examination of filed tax returns by applicable taxing agencies.”