Amparo Ed Inc

PART X, LINE 2:

“Amparo ed is organized as an illinois nonprofit corporations and has been recognized by the internal revenue service (irs) as exempt from federal income taxes as an organization described in internal revenue code (irc) section 501(c)(3), qualifies for the charitable contribution deduction under irc sections 170(b)(1)(a), and has been determined not to be a private foundation under irc sections 509(a). The llcs are organized as michigan limited liability companies. Amparo ed is the sole member of the single class of membership interest of each of the llcs. Amparo ed is not required to make any capital contributions to the llcs. The llcs shall make distributions to amparo ed at any time and in any amount as amparo ed shall determine unless the llcs would not be able to pay its debts as they become due in the ordinary course of business, the llcs' liabilities would exceed the fair value of its assets, or such distribution would be inconsistent with the articles of incorporation of amparo ed. Upon dissolution of the llcs, the llcs shall liquidate their assets and apply and distribute the proceeds first to the satisfaction of the obligations of the llcs, including the expenses of liquidation, then to amparo ed. The llcs are disregarded entities within the meaning of u.s. Treas. Reg. 301.7701-2(c)(ii). Amparo is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the entities are subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. We have determined that each entity is not subject to unrelated business income tax and have not filed an exempt organization business income tax return (form 990-t) with the irs.”