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        <ExplanationTxt>IEA COMPLIES WITH FASB ASC 740- ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. FASB ASC 740 DETAILS HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS THAT HAVE BEEN OR ARE EXPECTED TO BE TAKEN. AS SUCH, THE FINANCIAL STATEMENTS WOULD REFLECT EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES FULL KNOWLEDGE OF THE POSITION AND ALL RELEVANT FACTS, IF THEY EXISTED. THE MANAGEMENT OF IEA BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS. IEA S TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE FISCAL YEARS ENDED JUNE 30, 2020 AND FORWARD.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>IEA'S MISSION IS TO PROMOTE LIFELONG INVOLVEMENT IN EQUESTRIAN ATHLETICS. IEA WISHES TO INTRODUCE STUDENTS IN GRADES 4-8 (FUTURE) AND 9-12 (UPPER SCHOOL) TO EQUESTRIAN SPORTS AND TO DEVELOP UNDERSTANDING AND APPRECIATION OF EQUESTRIAN SPORTS THROUGH ORGANIZED COMPETITIONS AND EDUCATIONAL OPPORTUNITIES. IEA FURTHER WISHES TO INSPIRE AND FACILITATE ADULTS TO CONTINUE THEIR JOURNEY IN EQUESTRIAN ATHLETICS FOR A LIFETIME.</ExplanationTxt>
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        <ExplanationTxt>THE IEA HAS AN INFINITE NUMBER OF VOLUNTEERS AT OUR EVENTS, BUT WE DO HAVE A CORE VOLUNTEER POOL OF 104 REGIONAL PRESIDENTS THAT WE REGULARLY COUNT ON FOR ORGANIZING THE ACTIVITIES IN EACH GEOGRAPHIC AREA OF 3-15 TEAMS. WE ALSO HAVE SEVERAL STANDING COMMITTEES-TOTAL MEMBERS AT 45, ON AVERAGE.</ExplanationTxt>
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        <ExplanationTxt>THE ORGANIZATION'S GOVERNING DOCUMENTS AND FININCIALS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THEY ARE PUBLICLY AVAILABLE THROUGH GUIDESTAR.</ExplanationTxt>
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