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        <ExplanationTxt>SCFM IS A NON-PROFIT ORGANIZATION AS DEFINED IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND, THEREFORE, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, SCFM COULD BE SUBJECT TO INCOME TAXES FOR UNRELATED BUSINESS INCOME (NONE DURING THE YEAR ENDED JUNE 30, 2020). MANAGEMENT IS NOT AWARE OF ANY ISSUES WHICH WOULD JEOPARDIZE SCFM'S TAX EXEMPT STATUS.</ExplanationTxt>
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