Mothers Against Drunk Driving

“SCHEDULE D, PART V, LINE 4: The income of the endowment fund is to be used in Hamilton County, OH for children and public education and awareness, and to aid victims.”

“PART X, LINE 2: MOTHERS AGAINST DRUNK DRIVING (MADD) is exempt from federal income tax under 501(c)(3) of the United States Internal Revenue Code (the "Code"), except to the extent it has unrelated business income. MADD 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 years ended December 31, 2014 and 2013, MADD had net unrelated business income of approximately $288,000 and $413,000, respectively. Accordingly for the years ended December 31, 2014 and 2013, a provision for federal income tax has been provided in the accompanying statements of activities and changes in net assets and in accrued liabilities in the accompanying statements of financial position of approximately $94,000 and $157,000, respectively. GAAP requires the evaluation of tax positions taken or expected to be taken in the course of preparing MADDs 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. MADD 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. MADD recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense. MADD's 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, MADD is no longer subject to income tax examinations by tax authorities for years prior to fiscal year 2011.”