Baker Hall

“It is highly certain that some positions taken for income tax purposes 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 be ultimately sustained. Financial accounting standards board accounting standard codification, which applies to income taxes, limits the benefit and recognition of uncertain tax positions to only the financial effects of a tax position when it is more likely than not, based on technical merits, that the position would be sustained upon examination. The agency is an organization listed in the official catholic directory that is issued through the united states conference of catholic bishops (the conference). Organizations listed in the directory are generally considered exempt from income taxes under section 501(c)(3) of the internal revenue code, under a group ruling filed by the conference. Management continually evaluates its tax positions, including the item noted above, and as a result of this evaluation, nothing has been recorded in the consolidated financial statements as management does not consider the financial effects of uncertain tax positions and penalties, if any, to have a direct and material effect on the determination of the consolidated financial statements amounts taken as a whole.”

“Part xi, line 2d - $220,485 - revenue for the hud companies, shown on the financial statements with baker hall, however, they are separate wholly owned subsidiaries of baker hall and therefore not reported on this 990. $64,056 - cost of goods sold netted with revenue on the 990, expense on the financial statements part xi, line 4b -$111,132 earnings from investments in subsidiaries recorded on 990, not on the financial statements. Part xi, line 4b - familypointe development and evaluation center, inc. Revenue $171,483”

“Part xii, line 2d: $153,472 - expenses for the hud companies, shown on the financial statements with baker hall, however, they are separate wholly owned subsidiaries of baker hall and therefore not reported on this 990. $64,056 - cost of goods sold netted with revenue on the 990, expense on the financial statements part xii, line 4b: familypointe development and evaluation center, inc. Expenses $168,954”