Regional Access Project Foundation Inc.

“Agency funds held on behalf of other exempt entities $4,156the foundation has an agency agreement with another exempt entity under which the foundation receives, holds, and disburses funds based upon directives received from that exempt entity. During the current fiscal year, the foundation received and held agency funds on behalf of the following entity:4th district supervisor youth activity council scholarship funds - $4,156”

“Board designated Building Reserve $50,000Temporarily Restricted SIA AWRDS 42,301 PALM DESERT SHERIFF'S STATION FUNDS $100,000 Prevent Child Abuse - Riverside County $10,175 DLF - Nonprofit Legal Assistance $39,882”

“The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and from state tax under Section 23701d of the California Revenue and Taxation Code. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization other than a private foundation under Section 509(a)(1).The Foundations policy is to record income tax related interest and penalties in operating expenses. For the year ended June 30, 2018, there was no interest or penalties expense recorded and no accrued interest and penalties.Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of June 30, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations by the IRS prior to 2014 or the FTB prior to 2013.”