Rosecrance Health Network

PART X, LINE 2:

“The corporation files form 990 (return of organization exempt from income tax) annually. Rosecrance health network, rosecrance, inc., mhccc housing, and mhccc housing iic are exempt from income taxes pursuant to section 501(c)(3) of the internal revenue code and are classified by the internal revenue service as an other than a private foundation. Rosecrance properties is exempt from income taxes pursuant to section 501(c)(2) of the internal revenue code. The rosecrance foundation is exempt from federal income tax under section 501(a) of the internal revenue code as an organization described in section 501(c)(3). Aspen counseling & consulting is a single member limited liability company owned by rosecrance health network and is a disregarded entity for federal income tax purposes. Rosecrance new life is a s corporation owned by rosecrance health network. The corporation accounts for uncertainty in income taxes under the authoritative guidance issued by financial accounting standards board ("fasb"). The corporation uses a threshold of more-likely-than-not to be sustained upon examination to account for uncertainty in income taxes. Measurement of the tax uncertainty occurs if the recognition threshold has not been met. This guidance also addresses derecognition, classification, interest and penalties, disclosure, and transition. The corporation conducts business solely in the u.s. And, as a result, files federal tax returns. In the normal course of business the corporation is subject to examination by taxing authorities. The corporation's tax returns for years subsequent to 2014 are open, by statute, for review by authorities. However, at present, there are no ongoing income tax audits or unresolved disputes with the tax authorities that the corporation currently file or have filed with. As of june 30, 2018 and 2017 the corporation had no uncertain tax positions.”