Jacksonville Symphony Foundation Inc

“The foundation's endowment fund is organized for the sole purpose of supporting the jacksonville symphony association, inc.”

“The foundation is a not-for-profit organization as described in section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes on related income pursuant to section 501(a) of the internal revenue code and chapter 220.13 of the florida statutes, respectively. The symphony evaluates its tax positions for any uncertainties based on the technical merits of the positions taken. The symphony recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be upheld on examination by taxing authorities. The symphony has analyzed the tax positions taken and has concluded that as of june 30, 2023 and 2022, there were no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the consolidating financial statements. Management is required to analyze all open tax years, as defined by the statute of limitations, for all major jurisdictions, including federal and certain state taxing authorities. With few exceptions, at june 30, 2023, the symphony is no longer subject to u.s. Federal, state or local income tax examinations by taxing authorities for years before 2020. As of and for the years ended june 30, 2023 and 2022, the symphony did not have a liability for any unrecognized taxes. The symphony has no examinations in progress and is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax liabilities will significantly change in the next twelve months.”