Hudson Center for Health Equity and Quality Inc

“The organization was incorporated as a not-for-profit corporation under the laws of the state of new york and is exempt from income taxes under section 501(c)(3) of the internal revenue code (the irc). In addition, hcheq is not classified as a private foundation. The organization has adopted accounting guidance related to the accounting for uncertainty in income taxes. The organization files a form 990 (return of organization exempt from income taxes). When the return is filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to health centers include such matters as the following: tax-exempt status of the entity, the nature, characterization and taxability of joint venture income and various positions relative to potential sources of unrelated business taxable income (ubit). Ubit is reported on internal revenue service form 990-t, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on available evidence, management believes it is more likely than not the tax position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with the tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of december 31, 2013 and 2012, there were no unrecognized tax benefits identified or recorded as liabilities. The organization files income tax returns in the u.s. Federal jurisdiction and in the state of new york. With few exceptions, the organization is no longer subject to u.s. Federal or state income tax examinations by tax authorities for years before december 31, 2010.”

“Schedule d, part i, donor advised funds activity during 2013: beginning of year balance - $244,211 total contributions - 176,047 program expenses - 337,498 end of year balance - $ 82,760”