East Valley Adult Resources Inc

“Under aster aging's endowment spending policy, the board of directors reviews earnings from the endowment annually, and may approve usage for specific operational purposes or to accumulate towards the endowment's continuing growth.”

“Aster aging, inc. Is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code (the "irc") and similar state provisions. In addition, aster aging, inc. Qualifies for the charitable contribution deduction under section 170(b)(1)(a) of the irc and has been classified as an organization other than a private foundation under section 509(a)(1) of the irc. Income from certain activities not directly related to aster aging, inc.'s tax exempt purpose may be subject to taxation as unrelated business income. During the year ended june 30, 2020, aster aging, inc. Did not earn any unrelated business taxable income; therefore, the accompanying consolidated financial statements contain no provision for income taxes for aster aging, inc. Mscdp is a c corporation and is subject to both federal and state income tax. As such, deferred taxes are provided on an asset and liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. At june 30, 2020, mscdp did not have any significant deferred tax assets or liabilities. Aster follows the guidance issued by the fasb related to accounting for income tax uncertainties. Under this guidance, aster accounts for the effect of any uncertain tax positions based on whether it is "more likely than not" that the position will be sustained by the taxing authority upon examination. Aster routinely evaluates potential uncertain tax positions and has concluded that there are no uncertain tax positions that result in an uncertainty that requires recognition. Aster aging, inc. Files informational returns in the u.s. Federal jurisdiction and in certain state and local jurisdictions. Mscdp files income tax returns in the u.s. Federal jurisdiction and in certain state jurisdictions. As of june 30, 2020, aster aging, inc.'s u.s. Federal informational returns for years ended prior to june 30, 2017 and state returns for years ended prior to june 30, 2016 were closed to assessment. As of june 30, 2020, mscdp's u.s. Federal income tax returns for years ended prior to december 31, 2016 and state income tax returns for years ended prior to december 31, 2015, were closed to assessment. Interest and penalties, if any, are accrued as a component of administrative expenses when assessed.”

“Consolidated income reported by c corporation $227,108 direct expenses related to gaming activities $42,669 direct expenses related to fundraising events $5,600”

“Consolidated expenses reported by c corporation $50,418 direct expenses related to gaming activities $42,669 direct expenses related to fundraising events $5,600”

“Dividend income from mscdp $176,690”