Cloud Institute for Sustainability Education

“The organization has concluded that there are no uncertain tax positions that would require recognition in the financial statements. If the organization was to incur an income tax liability in the future, interest on any income tax liability would be reported as interest expense and penalties on any income tax liability would be reported as income taxes. The organization's conclusions regarding uncertain tax positions may be subject to review and adjustment at a later date based upon ongoing analyses of tax laws, regulations and interpretations thereof as well as other factors. Generally, federal, state, and local authorities may examine the organization's tax returns for three years from the date of filing; consequently, the respective tax returns for years prior to 2010 are no longer subject to examination by tax authorities.”

“The organization was incorporated in the state of new york and is exempt from income taxes under section (501)(c)(3)of the internal revenue code and under cthe corresponding provisions of the new york state tax laws, and therefore has made no provision for income taxes in the accompanying financial statements.the organization has been determined by the internal revenue service not to be a "private foundation" within the meaning of section 509(a) of the internal revenue code. There was no unrelated business income for the years ending june 30, 2014 and 2013. The organization files informational returns in the federal and new york state jurisdictions. The organization is generally no longer subject to income tax examinations by the internal revenue service or new york state for returns filed before 2010.”