Shriners International Midian

Schedule D, Page 3, Part X

“Shriners has obtained an exemption from income taxes under section 501(c)(10) of the internal revenue code. This exemption includes all subordinate shrine temples. However, certain other revenues such as advertising may be subject to taxation as unrelated business income. The temple has not been classified as a private foundation. On january 1, 2009, the temple adopted the accounting standard on accounting for uncertainty in income taxes. The temple files a form 990 (return of organization exempt from income tax) annually. When this return is filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to not for profit organizations include such matters as the following: the tax-exempt status of each entity and the nature, characterization, and taxability of various positions relative to potential sources of unrelated business taxable income. Unrelated business taxable income is reported on form 990t, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of december 31, 2024, there were no uncertain tax benefits identified and recorded as a liability.”