Good Sports Inc.

“Income taxes - the organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes is reflected in these financial statements. Contributions to the organization are tax deductible. The organization must identify, recognize, measure and disclose in its financial statements the effects of any uncertain tax reporting positions that an organization has taken or expects to take is required under gaap. The organization must recognize an unrecognized tax benefit when, despite the organization's belief that its tax return positions are supportable, it is possible that certain positions may not be fully sustained upon review by tax authorities. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences impact income tax expense in the period in which such determination is made. Interest and penalties, if any, related to accrued liabilities for potential tax assessments are included in income tax expense. Management has analyzed the organization's tax positions taken for all open tax years (2007-2010), and has concluded that no provision for unrecognized tax benefits from uncertain tax positions is required in the organization's financial statements.”

“Fundraising expenses reported in form 990, part viii, line 8b 105,439.”

“Fundraising expenses reported in form 990, part viii, line 8b 105,439.”

“Explanation: income taxes - the organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The organization is also exempt from state income taxes under various state laws. Accordingly, no provision for federal or state income taxes has been provided for the accompanying financial statements. Contributions to the organization are tax deductible. In accordance with gaap, the organization identifies, recognizes, measures and discloses in its financial statements the effects of any uncertain tax reporting positions it has taken or expects to take. The organization recognizes an unrecognized tax benefit when, despite the organizations belief that its tax return positions are supportable, it is possible that certain positions may not be fully sustained upon review by tax authorities. To the extent that the final tax outcome of these matters is different than the amounts recorded, such differences impact income tax expense in the period in which such determination is made. Interest and penalties, if any, related to accrued liabilities for potential tax assessments are included in income tax expense. Management has analyzed the organizations tax positions taken for all open tax years (2010-2013), and has concluded that no provision for unrecognized tax benefits from uncertain tax positions is required in the organizations financial statements.”