Juliette Fowler Homes Foundation

“To further the charitable and religious purposes of juliette fowler communities, inc., a texas non-profit corporation with its principal place of business in dallas county, through grants and gifts limited to juliette fowler communities or to organizations sponsored by or affiliated with juliette fowler communities as requested by the board of directors of juliette fowler communities and approved by the board of directors of the foundation. All funds raised by the foundation specifically for juliette fowler communities shall be used exclusively for such charitable and religious purposes set forth in this paragraph so long as juliette fowler communities remains in existence and retains its status as an exempt organization under section 501 (c)(3) of the code. All unrestricted funds given to the foundation by juliette fowler communities shall be used exclusively for the purposes set forth in this paragraph so long as juliette fowler communities remains in existence and retains its status as an exempt organization under section 501(c)(3) of the code. To manage, invest, or reinvest the funds placed with the foundation by charitable and religious charities directly related to juliette fowler communities and which are included in the listing of the yearbook of the christian church (disciples of christ) in the united states and canada, with such funds to be and remain the assets of such charity, but to be managed on behalf of such charity for the benefit thereof and to be delivered to such charity at such time or times as may be requested by such charity. To otherwise secure by donation, gifts, subscriptions, or pledges, funds to benefit juliette fowler communities or for the benefit of organizations and/or charities sponsored by, affiliated with or directly related to juliette fowler communities.”

“The organization's information returns are subject to examination by the irs, generally for 3 years after they were filed. Information returns filed for fiscal years prior to the year ended december 31, 2015 are no longer subject to examination. The accounting standard on accounting for uncertainty in income taxes 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 that guidance, the organization 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. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income ("ubit"). 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. There were no unrecognized tax benefits identified or recorded as assets or liabilities for the years ended december 31, 2018 and 2017.”