Aaim Management Services

PART X, LINE 2:

“Footnote from combined financial statements for the association (collectively aaim management services, aaimea training and consulting, llc and aaim education center, inc.): aaim management services is exempt from federal income taxes under section 501(c)(6) of the internal revenue code ("irc") and aaim education center, inc. Is exempt under section 501(c)(3), except on net income derived from unrelated business activities as defined in the irc. Accordingly, these two entities file as tax exempt organizations. There are no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the combined financial statements. The association is required to evaluate tax positions taken (or expected to be taken) in the course of preparing the association's tax returns and recognize a tax liability if the association has taken an uncertain tax position that more likely than not would not be sustained upon examination by the applicable taxing authorities. The association has analyzed the tax position taken and has concluded that as of december 31, 2023, there are no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or disclosure in the combined financial statements. If applicable, the association recognizes interest and penalties related to unrecognized tax liabilities in the combined statements of activities. 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. As of and for the year ended december 31, 2023, the association did not have a liability for any unrecognized taxes. The association 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.”