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        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 3, PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION IS GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(5) AS A LABOR ORGANIZATION. MANAGEMENT IS REQUIRED TO ANNUALLY FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION COULD BE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED.</ExplanationTxt>
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        <ExplanationTxt>THE ORGANIZATION'S FORM 990 IS REVIEWED AND APPROVED BY ITS TREASURER PRIOR TO FILING.</ExplanationTxt>
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        <ExplanationTxt>GOVERNING DOCUMENTS, BYLAWS AND CONSTITUTION ARE AVAIALABLE ON THE WEBSITE AT WWW.EMU-AAUP.ORG. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
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