Kingdom Community Development Corporatio

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“Kingdom worship center is a not-for-profit organization exempt from federal income taxesunder section 501(c)(3) of the internal revenue code (the code) and is recognized as suchby the internal revenue service. Kingdom qualifies for charitable contribution deductionsunder section 170(b)(1)(a)(i) and has been classified as an organization that is not a privatefoundation under section 509(a). Also, the following entities are section 501(c)(3) exemptedfrom federal income taxes under the following sections. Dominion is an entity exempt undersection 501(a), kcdc is an entity exempt under section 509(a)(2) and kfcm is an entityexempt under section 170(b)(1)(a)(vi). These entities qualify for charitable contributiondeductions and have been classified as organizations that are not private foundation undersection 509(a). Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's consolidated financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. Kingdom performed an evaluation of uncertain tax positions as of december 31, 2020 and 2019, and determined that there were no matters that would require recognition in the consolidated financial statements or which may have any effect on its tax-exempt status. As of december 31, 2020, the statute of limitations for fiscal years 2017 through 2020 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the kingdom operates. It is the kingdom's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. Kingdom worship center, inc. Is not required to file federal income tax returns unless it is subject to the tax on unrelated business income under section 511 of the code. There was no unrelated business income for the years ended december 31, 2020 and 2019.”