National Athletic Trainers' Association Research and Education Foundation Inc

“Schedule d, part v, line 4 endowment funds support research grants and student scholarships, both of which are awarded annually.”

“Schedule d, part v the current year reporting of endowment funds includes both temporarily restricted and permanently restricted endowment activities.”

“SCHEDULE D, PART X, LINE 2: The Foundation is exempt from federal income tax under section 501(c)(3) of the Code, except to the extent it has unrelated business income. In addition, the Foundation has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509(a) of the Code. For the year ended June 30, 2017, the Foundation had no material unrelated business income. Accordingly, no provision for income tax has been provided in the accompanying financial statements. GAAP requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Foundations tax returns to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense in the current year. A reconciliation is not provided herein, as the beginning and ending amounts of unrecognized benefits are zero, with no interim additions, reductions or settlements. The Foundation is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations and interpretations thereof. The Foundation recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense. The Foundations informational returns filed are generally subject to examination for three years after the later of the due date or date of filing. As a result, the Foundation is no longer subject to income tax examinations by tax authorities for years prior to fiscal year 2015.”

“Schedule d, part xi, line 2d: direct expense related with special events $49,996”

“Schedule d, part xii, line 2d: direct expense related with special events $49,997”

“Schedule d, part xi, line 4b: prior year unused grant refunds $14,737”

“Schedule d, part xii, line 4b: prior year unused grant refunds $14,737”