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        <ExplanationTxt>The School has been notified by the Internal Revenue Service that it is exempt from federal income tax under Section 501c 3 of the Internal Revenue Code. The School is further classified as an organization that is not a private foundation under Section 509a3 of the Code. The most significant tax positions of the School are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business tax UBIT. The School follows guidance of Accounting Standards Codification ASC 740, Accounting for Income Taxes, related to uncertain income taxes, which prescribes a threshold of more likely than not for recognition of tax positions taken or expected to be taken in a tax return. All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been recorded.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>Annually, as part of an external audit. Board members are required to fill out and sign a Conflict of Interest Questionnaire. Before Polaris pays a board member for services, such a transaction would be fully disclosed to the board and a 2/3 vote of disinterested board members would take place. No Board Members received compensation during the fiscal year.</ExplanationTxt>
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