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        <ExplanationTxt>THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND, THEREFORE, HAS NO PROVISION FOR INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE ACCOUNTING GUIDANCE ABOUT POSITIONS TAKEN BY AN ENTITY IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE.</ExplanationTxt>
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        <ExplanationTxt>AMBASSADORS PREPARATORY ACADEMY RECEIVES FUNDS THROUGH STATE AND FEDERAL PROGRAMS THAT ARE GOVERNED BY VARIOUS STATUTES AND REGULATIONS. STATE PROGRAM FUNDING IS BASED PRIMARILY ON STUDENT ATTENDANCE DATA SUBMITTED TO THE TEXAS EDUCATION AGENCY AND IS SUBJECT TO AUDIT AND ADJUSTMENT.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>DOCUMENTS MAY BE REQUESTED IN WRITING TO THE ADDRESS LISTED ON THE FORM 990.</ExplanationTxt>
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