House of Ruth Inc

“The quasi-endowment was established to provide future funding for house of ruth's services to people impacted by domestic violence.”

“In accordance with accounting standards, which provide accounting and disclosure guidance about uncertain tax positions taken by an organization, management believes that all of the positions taken by the organization in its federal and state income tax returns are more likely than not to be sustained upon examination. The organization files returns in the u.s. Federal jurisdiction and the state of california. The organizations federal income tax returns for the prior three tax years remain subject to examination by the internal revenue service. The organizations california income tax returns for the prior four tax years remain subject to examination by the franchise tax board.”

“The quasi-endowment was established to provide future funding for house of ruth's services to people impacted by domestic violence.”

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code of california income taxes under section 23701(d) of the california revenue and taxation code. The irs classified the organization as one that is not a private foundation within the meaning of section 509(a) of the code because it is an organization described in section(s) 509(a)(1) and 170(b)(1)(a)(vi). The organization has adopted financial accounting standards board accounting standard codification (asc) section 740-10, which clarifies the accounting for uncertainty in income taxes. Asc section 740-10, which clarifies the accounting for uncertainty in income taxes. Asc section 740-10 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Asc section 740-10 requires that an organization recognize in the financial statements the impact of the tax position if that position will more likely than not be sustained on audit, based on the technical merits of the position. As of and for the year ended june, 30, 2023, the organization had no material unrecognized tax benefits, tax penalties or interest. The organization's froms 990, return of organization exempt from income tax, for each of the tax years ended june 30; 2021, 2020, 2019, are subjecct to examination by the irs, generally for 3 years after they were filed. The organization's forms 199, california exempt organization return, for each of the tax years ended june 30; 2021,2020, 2019, and 2018, are subject to examination by the franchise tax board, generally for 4 years after they were filed.”