Exceptional Foresters Incorporated

“The organization is trustee in the exceptional foresters pooled trust. The principal activity of the trust is to provide management of trust funds for disabled adults. The purpose for the pooled trust is to supplement, but not to supplant, whatever benefits and services the beneficiaries may from time to time be eligible to receive from other sources. The asset and liability balances of the exceptional foresters pooled trust have not been included in the financial statements of the organization because the organization has no economic interest in these assets and liabilities. The organization has no residual rights to the funds held by the exceptional foresters pooled trust.”

“The trust accounts payable are funds that the organization receives on behalf of its clients from the social security administration or the clients' employers. The funds are held in one separate collective bank account. The funds are accounted for separately by client. The organization acts as the social security representative payee for most of the clients it serves in its residential services program. The funds are used to pay monthly recurring bills and expenditures for goods and services needed or desired by the organization's clientele. The funds are held in fdic or sipc insured accounts.”

“Efi is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and is not classified as a private foundation. Accordingly, the financial statements do not include any provision for taxes. Efi files income tax returns in the us federal jurisdiction. Efi is no longer subject to us federal income tax examinations by tax authorities for years before 2015. Currently, there is no examination or pending examination with the internal revenue service (irs). As of december 31, 2018, there are no tax positions for which the deductibility is certain but for which there is uncertainty regarding the timing of such deductibility.”