American Battlefield Trust

“Conservation easements are recorded as an asset on the balance sheet. The organization has a written document regarding the periodic monitoring, inspection, violations, and enforcement of the conservation easements it hold.”

“Cwt and ebdf (endangered battlefield defense fund) are generally exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Afbp (americans for battlefield preservation) is generally exempt from federal income taxes under the provisions of section 501(c)(4) of the internal revenue code. In addition, cwt and ebdf qualify for the charitable contribution deductions and have been classified as organizations that are not private foundations. Contributions to afbp are not deductible to donors. Income that is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. Neither cwt, afbp, nor ebdf had net unrelated business income for the year ended december 31, 2013. The accounting standard on accounting for uncertainty in income taxes (fasb asc topic 740-10) addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, cwt, afbp, and ebdf may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated cwt, afbp, and ebdf's tax positions and concluded that they have taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Generally, cwt, afbp, and ebdf are no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities before 2010.”

“Consolidated entity activities - americans for battlefield protection (afbp) 1,000.”

“Cost of sales reported on line 10b -3,962.”

“Cost of sales 3,962. Consolidated entity activities - afbp 29,517. Consolidated entity activities - ebdf 5,101.”

“501(c)(4) expenses 15,352. Grant to ebdf, related entity 2,300. Grant to afbp, related entity 4,649.”

“The organization has a written document regarding the periodic monitoring, inspection, violations, and enforcement of the conservation easements it holds.”