Shriners International Jerusalem Temple

“The board designated or quasi-endowment is used at management's discretion to run the daily operations of the temple. The temporarily restricted endowment is utilized to provide free hospital transportation to and from shriners hospitals for the patients and their families; and for building improvements.”

“Shriners international has obtained 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 may be subject to taxation. The jerusalem temple, a.a.o.n.m.s. Is not a private foundation. 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 temple 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 temple 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 liabilities for fiscal years 2013 and 2012. The temple's tax returns for the years ended december 31, 2012, 2011, and 2010 remain open and subject to examination by taxing authorities.”